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Kathie, Home Buyer in 27360

Is an 'Offer To Purchase and Contract', the same thing as a purchase agreement or sales agreement? If so, was

Asked by Kathie, 27360 Tue Feb 12, 2008

it legal for the sellers to change the selling amount without our knowledge or consent? The sellers we bought our home from changed ours and we did not even know it until closing day...Please help..

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Any changes on a contract typically need to be signed or initialed by both parties. I believe it is legal for them to change whatever they want, but that's a "counteroffer" not a contract. Thus you'd need to sign away on those changes (indicating you accept them) before it became a "contract" between you and the seller. This is my understanding, but laws vary from state to state, I would consult a REALTOR licensed in your state and perhaps an attorney.
And regarding your first question, yes I believe those are all names for the same thing, but again I would ask a local REALTOR as they could differ in your market for all I know.

Brendan Murphy
Broker, CRS, GRI, ePro
Raving Real Estate
Laramie, WY 82070
0 votes Thank Flag Link Tue Feb 12, 2008
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