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Thursday Real Estate Terms
In the wonderful world of Real Estate there is a dictionary of terms. I am going to dedicate Thursday as being the day to learn something new in our vocabulary.
For our first post, we are going to look at the term Contract.
CONTRACT – An agreement between competent parties to do or not to do certain things for a CONSIDERATION.
Example: To have a valid contract for the sale of real estate there must be:
- An offer
- An acceptance
- Competent parties
- Consideration
- Legal Purpose
- Written documentation
- Description of the property
- Signatures by principals or their attorney-in-fact.
Check back next week for the Thursday Term. To get these posts directly to your email, click here.
Is there anything that you are wondering about when it comes to Real Estate? Contact me today for the answer.
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Thea Agnew & Team
Clarksville Homes TV
Mortgage Center
Anchor Mortgage
Amanda Dusenberry
Office Phone: (931) 920-2252
Cell Phone: (931) 980-3999
Alternate Phone: (800) 571-6608
Fax: (931) 920-2207
Email: Amanda@AnchorLoan.com
Website: AnchorLoan.com
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