6 - The Offer (RPA) and Counter Offers
standard form used to submit an offer
to purchase Southern California real
estate is the "RPA", the
Residential Purchase Agreement and
Joint Escrow Instruction form. This
form conveys your offer price, terms,
and several conditions and contingencies
that must be met in your purchase.
Please note that a "good faith"
deposit check for at least 3% of your
offer price should accompany your
RPA. In fact, most Listing agents
will not accept an offer that does
not include a copy of the "good
faith" deposit check.
RPA is currently at 8 pages and growing.
Your Pacifica West Properties agent
will carefully explain this contract
to you and fill it out only with your
complete understanding. Each page
needs to be initialed or signed by
the RPA is presented to the Seller,
they may give you a Counter Offer.
This in effect "stops" your
RPA and counters with changes and/or
additional terms. A typical real estate
transaction may result in Counter
Offers in order to arrive at a set
price and terms. Again, it is imperative
that you have a responsible agent
who meets and conveys all deadlines
and conditions presented in the Counter
information contained on this web site is copyright 2002 Pacifica West Properties.
All rights reserved.
This web site is not intended as a solicitation if your property is listed with