Reno Market Residential Offer and Acceptance Agreement
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Reno Market Residential Offer and Acceptance Agreement
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This document outlines a standard Residential Offer and Acceptance Agreement used in Nevada real estate transactions. It details the initial purchase price and earnest money deposit, specifying how funds will be held and the source of any down payment. The agreement addresses various financing options, including cash purchases and different types of loans, and sets timelines for loan application and appraisal. Additionally, it covers essential aspects such as title examination, closing costs, and conditions related to common-interest communities. The form also addresses potential contingencies, including the sale of other property and various property inspections, along with provisions for handling repairs and outlining procedures in case of buyer or seller default.