Legal jargon explanation

D

Deepak Walia

New Member
Jurisdiction
New York
Can anyone explain the following legal jargon to me? It was included in the rider of a contract for the sale of a home.

Thank you.
 

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Deepak Walia said:
Can anyone explain the following legal jargon to me? It was included in the rider of a contract for the sale of a home.

Thank you.
Click to expand...

It is quite risky financially to purchase REAL PROPERTY and NOT retain an attorney to represent you and protect your interests.

However, many say its a free country and everyone is allowed to behave as he/she/it desires.
 
Deepak Walia said:
Can anyone explain the following legal jargon to me? It was included in the rider of a contract for the sale of a home.

Thank you.
Click to expand...

That's actually one of the more simple terms of a real estate contract. It's saying that the seller has made no offer of sale (the listing is not an offer). The seller is inviting you to make an offer. There is no deal until the seller signs an acceptance of your offer. The seller can take the property off the market any time up until that happens.

Now, what did you think it meant?
 

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