contract to close real estate
offer: contract proposal from the buyer received by the seller through their agent, extending terms, which, if agreed, form the basis for a sales contract. the buyer may reply. inspection reply acceptance or rejection: seller determines their response to the inspection reply and amends contract terms to reflect what they are, or are not, willing to do to comply with the buyer’s requests. clear title: buyer and seller have an opportunity to review a preliminary report of title (local forms of this vary) that reflects whether any encumbrances, liens, or other issues have been discovered that might prevent the buyer from taking clear title to the seller’s property.