This form is a sample letter in Word format covering the subject matter of the title of the form.
Offer For Property Purchase In Fulton
Category:
State:
Multi-State
County:
Fulton
Control #:
US-0028LTR
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
The Requirements of an Offer The statement of offer must show intent—The statement must reasonably be interpreted to indicate an intention to enter into a binding agreement. The offer must be communicated to the other party—An agreement cannot exist unless the offer is communicated.
Valid Offer: The offer must be clear and specific. Acceptance: The offeree must accept the offer without modifications. Adequate Consideration: There must be a fair exchange of value between the parties. Legality: The contract's purpose must be lawful.
The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
There are four essential elements of forming a contract: offer, acceptance, consideration, and intention to create legal relations. Beyond this, the terms of the contract must also be unambiguous, and the parties must have the mental capacity to agree.
Just know that an offended seller might not want to negotiate with you any further if they can go with someone not trying to undercut them. 'And fyi 10% is not a lowball offer. 30% would be.
You can always offer 20-50% under asking.
