Including credit quotas: protects the buyer if he cannot get the loan and offers a safe way to terminate the sales contract. Purchase price – the price you offer. If the seller accepts the offer as it is, go ahead with the purchase price. When negotiating and exchanging counter-offer forms, the terms of the counter-offer are contrary to the terms of the initial offer. What is specifically included. What should the purchase be involved in? The 2015 contract now contains a section in which you can buy the furniture (if it belongs to the seller). Also in San Francisco, the devices are usually included in the sale; other areas are different, for example in the peninsula will take away its refrigerators! But to protect against ambiguities, the 2015 contract adds boxes and space to list all the items the buyer wants to include. Of course, sellers can also exclude items (usually fixtures). Remember, staged furniture usually does not belong to the sellers. The San Francisco Bay Area is a competitive seller market, where several offers are the norm. The winning buyer has often renounced any eventuality and cannot terminate the sales contract without the risk of losing his EMD. Imagine it`s «all in» with the offer.
Including valuation quota: protects the buyer if the home is not valued at the agreed purchase price. In the example above, the buyer has a safe way to terminate the sales contract if the buyer cannot make up for the $50,000 difference. This standard contract and associated standard addendums are used in almost all of our residential purchase transactions in the city regardless of price. And while California`s standard contract is unfavorable to the city, many standardized California forms are used in connection with the San Francisco contract. (Understand us, the California contract can still be used, because you may not be forced to use on another`s contract). Credit quota waiver: indicates that the buyer is confident and relies on obtaining a loan.