How To Document Real Estate Offers

A real estate purchase transaction consists of more than simply signing an agreement and taking possession of the property. As a potential real estate investor, you will need to document your total transaction. As you become familiar with the concepts taught in this unit, you will learn that documentation all relates to one essential document: the earnest money receipt and offer to purchase. (It is also known as the "earnest money agreement," "offer to purchase," "purchase money receipt," or "deposit receipt," "real estate purchase contract and receipt for deposit," and by various other names, depending on the area of the country in which it is used.)