{"id":6122,"date":"2018-02-21T07:37:26","date_gmt":"2018-02-21T07:37:26","guid":{"rendered":"http:\/\/www.realestatewords.com\/?page_id=6122"},"modified":"2020-10-27T15:10:11","modified_gmt":"2020-10-27T15:10:11","slug":"meeting-of-the-minds","status":"publish","type":"page","link":"https:\/\/www.realestatewords.com\/meeting-of-the-minds\/","title":{"rendered":"Meeting of the Minds"},"content":{"rendered":"<h2>Meeting of the Minds Definition<\/h2>\n<p>Meeting of the Minds is the informal process of two (or more) parties coming to a verbal and mutually understood agreement in relation to a currently, or potentially contended point or decision.<\/p>\n<h2>Explanation<\/h2>\n<p>Meeting of the Minds in real estate (and private investment transactions) most commonly refers to a buyer and seller coming to a mutual, informal, and verbal agreement around a specific term or aspect of a transaction.<\/p>\n<p>The most common point of agreement the term Meeting of the Minds is used to refer to is purchase or <a href=\"https:\/\/www.realestatewords.com\/sale-price\/\">sale price<\/a>. Meeting of the Minds typically occurs prior to a letter of intent and <a href=\"https:\/\/www.realestatewords.com\/purchase-agreement\/\">purchase agreement<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<div class=\"shortcode_tabs horiz_tabs\"><div class=\"scT\"><ul class=\"scT-tab clearfix\"><li class='tS' style='width:100%;'><a>Expert Contributor<\/a><\/li><\/ul><div class='scTC scTC834' style='display:block;'><p>\n<p><strong style=\"font-size: 15pt;\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-10909 alignleft\" src=\"https:\/\/www.realestatewords.com\/wp-content\/uploads\/2020\/10\/Harry-Caruzo-Broker.jpg\" alt=\"Harry Caruso Broker\" width=\"150\" height=\"174\" \/>Harry Caruso<\/strong><\/p>\n<p><em>COMMERCIAL REAL ESTATE BROKER<\/em><\/p>\n<p>Expert contributor at RealEstateWords.com<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/www.realestatewords.com\/contributors\/harry-caruso\/\"><strong>View profile<\/strong><\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<\/p><\/div><\/div><\/div>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-10688 aligncenter\" src=\"https:\/\/www.realestatewords.com\/wp-content\/uploads\/2020\/03\/Real-Estate-Words-Contributor.png\" alt=\"Real Estate Words Contributor badge\" width=\"200\" height=\"168\" \/><\/p>\n<p style=\"text-align: center;\">Interested in becoming a contributor? Apply for our <a href=\"https:\/\/www.realestatewords.com\/contributor-program\/\">Expert Contributor Program<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meeting of the Minds Definition Meeting of the Minds is the informal process of two (or more) parties coming to a verbal and mutually understood agreement in relation to a currently, or potentially contended point or decision. Explanation Meeting of the Minds in real estate (and private investment transactions) most commonly refers to a buyer [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/pages\/6122"}],"collection":[{"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/comments?post=6122"}],"version-history":[{"count":0,"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/pages\/6122\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.realestatewords.com\/wp-json\/wp\/v2\/media?parent=6122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}