What to consider when reviewing a home purchase offer:
A home purchase agreement is a complicated legal document. It will include all of the terms and conditions of the sale, most of which are negotiable. Some sellers focus on the price the buyer offers, minimizing the other terms and conditions. This approach can lead to trouble.

Evaluate every one of the terms and conditions of the purchase offer before making a decision. Since virtually every term is negotiable, consider your options. You can accept some terms and counter others in order to fine-tune the contract to meet your needs.

Keep in mind before you purchase a property:

1. Evaluate the location and quality of the property, as well as the availability of resource
2. Local real estate agents also can be good sources of information.
3. Research the track record of the seller, developer, and Management Company before you buy. Ask for a copy of the current maintenance budget for the property.
4. Study the paperwork outside of the presentation environment and, if possible, ask someone who is knowledgeable about contracts and real estate to review it before you make a decision.
5. Get the name and phone number of someone at the company who can answer your questions - before, during, and after the sales presentation, and after your purchase.
6. Use an escrow account if you’re buying an undeveloped property, and get a written commitment from the seller that the facilities will be finished as promised.

Take step - If you are planning to cancel purchasing
If, for some reason, you decide to cancel the purchase — either through your contract or state law — cancel it in writing. Send your letter by certified mail, return receipt requested, so you can document what the seller received. Keep copies of your letter and any enclosures. You should receive a prompt refund of any monies you paid, as provided by law.