In some states, it's called a "purchase and sale agreement." In others, it's called an "offer for purchase."
Whatever you call it, you'll need a written contract between you and the seller that contains the following important pieces of information: Your name, the seller's name, the address of the property, the selling price and the closing date.
Of course, most contracts are more complicated than that. Here are some things to think about when putting together an offer for purchase:
Copyright (c) 2008 Studio One Networks. All rights reserved.
All content © Copyright 2000 - 2014 WorldNow and WREX. All Rights Reserved.
Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Trista Truesdale at (815) 335-7856. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at firstname.lastname@example.org.