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The purchase offer is delivered to the real estate agent for the seller to consider. When the seller and their real estate agent get together, they decide if the terms of the purchase offer are acceptable to them. If so, the seller signs the agreement and it goes back to the buyer’s real estate agent. If not, they will either come up with a counter offer or they will say the price they have set is firm or that the offer is unacceptable. However, most people (especially in this buyer’s market) will allow for a little leeway.
Once the seller signs the purchase offer the time limit starts for the purchaser to get the loan approved for the
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