So we're back with another offer to purchasing contract because it updated in july so we need to go over the new contract so people know how to use it what it says what are the changes all of those things are you ready chris i am ready if this is your first go-around then one of the things that you'll find out is these forms they change every year july 1st it doesn't mean they're going to be dramatic changes and this year there were not dramatic changes just a couple of things that need to be said said better or moved in the contract i agree so let's start with the first line because you know we do love this whole thing it's called an offer to purchase and contract and chris tell us why do they call this the offer to purchase and contract i'll do this very quickly so if you need to listen to it again just go back and rewind and listen to it again but it's important that this form serves two purposes when you make an offer on the property it is just that and offered to purchase however we know many times that it's either going to be rejected or countered and if it if it is in fact there will be a protocol that you'll need to do for that however one of the options is that it could be accepted so you'll have an offer to purchase and if it's accepted and communicated back to the offering party then it becomes a contract you don't need a new form i will caution you from the start please use your words offer and contract very specifically they are in two entirely different things yeah what he said and i'm just...
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