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The purchase agreement is the contract that your Pinnacle Agent will prepare when you are ready to offer. It will contain the offer price and all of the provisions that you and your agent decided upon including any specific requests. Once all parties have agreed to the terms and both the buyer and seller have signed the purchase agreement and any amendments you now have a valid purchase contract.
*Pinnacle Hint* Be open to any seller counteroffers. As with any contract negotiation, if you are willing to give a little, you are likely to get a lot more.