Property Offer To Purchase Document In Georgia
Description
Form popularity
FAQ
Here are the minimum down payment requirements for several common mortgage programs: Conventional loans: 3 percent. FHA loans: 3.5 percent (for credit scores of 580 or higher), 10 percent (for credit scores between 500 and 579) USDA loans: No down payment required if you qualify.
Benefits of Buying a Home in Georgia Some of the economic attractions of living in Georgia include sales tax rates that are below the national average, job market increase that is significantly higher than the US average, and an unemployment rate that is significantly lower than the rest of the nation.
To earn your real estate license in Georgia, you must be 18 years old, have a high school or equivalent diploma, complete the required education, complete a background check and lawful presence verification, and pass the Georgia real estate salesperson licensing exam.
Here are the minimum down payment requirements for several common mortgage programs: Conventional loans: 3 percent. FHA loans: 3.5 percent (for credit scores of 580 or higher), 10 percent (for credit scores between 500 and 579) USDA loans: No down payment required if you qualify.
A real estate contract, at its core, is a legally binding agreement between a buyer and a seller regarding the transfer of property ownership. In Georgia, these contracts must be in writing and signed by both parties to be enforceable.
For a contract to be binding it needs to satisfy four principles, offer, acceptance, consideration, and the intention to create legal relations. Generally, the law believes that an agreement is made when one party makes an offer and the other party accepts it.
Under Georgia law, for a contract to be valid, there must be an offer, acceptance, consideration, and mutual assent. See O.C.G.A. § 13-3-1. In the context of email communications, an offer can be made through an email, or contemporaneous emails, containing terms of a proposed agreement.
An 'Agreement' is a written document outlining some contractual relationship, an exchange of promises, a performance of some action or grants some right signed by and between one or more parties. In essence, an Agreement is less formal than a contract.
