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The Offer to Purchase and Contract"The Offer to Purchase and Contract (OTP/C)" is the NC Real Estate Commission approved document for use by NC Real Estate Agents. You will have received a copy of the OTP/C from us prior to sitting down to write up an Offer. We will review this document thoroughly with you. The Offer includes many provisions, which we will make sure you thoroughly understand. Representing and protecting your interests are our primary duties and concerns in drawing up the offer with you. Also, we will inform you of what your obligations are in the making an Offer. Earnest money is usually part of the process. We will discuss with you the range of the amount of earnest money needed for you to put forward as strong an offer as possible. Of course, ultimately, the amount of earnest money decided upon is completely up to you. We will make sure you understand what earnest money is, what is done with it in the transaction, and what happens to it should a situation arise where there is a dispute as to its disbursement.
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Next... Presenting the offer |
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