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Tip 7. Sign Purchase Agreement

If you are ready to make an offer, you can ask the seller for a purchase or sales agreement. Most sellers will have all necessary documents readily available.  When negotiating you can make a verbal offer, or write an offer on the purchase or sales agreement. The seller might not accept your first offer and will make a counteroffer, which you may in turn decline and then counter. The negotiation process will last until both parties agree on the final price of the property. At this point both parties sign the purchase agreement with final price of the property. Read carefully before signing to be sure you understand any additional terms that might be included (read about additional terms in the next section).

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