DECEMBER 18, 2014 • WNC HOMES & Real Estate 5 Get answers to your legal questions about real estate ... Email your questions to [email protected] the question: What is an ‘Offer to Purchase’? the answer: Like the name sounds, an “Offer to Purchase” is the written form of a contract to buy real property on certain terms and conditions. All contracts to purchase real property must be in writing to be binding. Also, any lender will absolutely require a contract before it would consider loaning money against real property. As with all contracts you can get yourself into trouble if you don’t fully understand what you are doing and that is why you should always consult a Realtor or a Real Estate Attorney before entering into a binding contract. Always remember as Paul Adair said: Real Estate Closings *Affordable *Experienced *Accessible When your Agent or Lender asks who your Attorney is, tell them Phillip C. Price. 828-633-2374 www.phillippricelaw.com Enter WHKP’s World of Information... 1 # Since6 194 whkp.com UÊi`iÀÃÊ ÕÌÞ½ÃÊÞÊÊ`i«ÌÊiÜÃÊEÊÜi>ÌiÀ UÊ7À`Ü`iÊÃÌÀi>}Ê>ÌÊÜ«°V UÊÃÌÊÃÌii`ÊÌÊV>ÊÀ>`ÊÃÌ>ÌÊvÀÊÈÈÊÞi>ÀÃt “If you think a professional is expensive, wait 'til you try an amateur.” photo by Chuck Hill This is an advertisment and should not be considered a legal opinion between an attorney and a client. Call an attorney. V>Ê iÜÃÊÊNÊÊÊ7i>ÌiÀÊÊNÊÊ-«ÀÌÃÊÊNÊÊ"i “Where the Heavens Kiss the Peaks” Is a New Home in Your Future? WE CAN HELP. Whether you’re interested in purchasing, building or reﬁnancing a home, you’ll ﬁnd the mortgage products you need, with service you can count on, right here in your community. T O L EA RN M ORE, VISIT LOCALFIRSTBANK.COM AS H EV ILLE M A I N 8 2 8 - 2 5 2 - 1 7 3 5 | S O U T H 8 2 8 - 6 8 7 - 7 4 5 0 LE IC ES T ER 8 2 8 - 2 5 1 - 9 2 5 4 | C A N D L E R 8 2 8 - 6 6 5 - 3 8 4 6 Equal Housing Lender | Member FDIC Judy Scroggs MORTGAGE LOAN ORIGINATOR NMLS 79380 LsEroggs"loEalƂrstbanMEom loEalƂrstbanMEomLud[sEroggs 88399