| Negotiability varies from apartment to apartment, depending mostly on market conditions. Immediately follow it up in writing. The offer will include such provisions as purchase price, down payment, amount of financing, preferred closing date, current income (combined for couples), job description, net worth, and debt status (loans, credit, etc.). Once your offer is verbally "accepted" by the seller, the seller's attorney will draw up and send to your attorney the initial contract. Until you have a fully executed contract from both the seller and buyer, you do not ‘have’ the apartment. Apartments are usually delivered ‘as is’ with working appliances, broom- swept. If you wish to keep any fixtures or furnishings, you should have these clearly itemized and specified in the contract of sale. ** The seller is allowed to hear all subsequent offers while your contract is negotiated (or finalized). In fact, a seller may accept another purchaser's offer up to the point of a fully signed, executed and returned contract. This means that until your contract is signed by both you and the seller, your deal may not sustain as the primary deal. Therefore, instruct your attorney to proceed expeditiously. |
