Get West Michigan Regional Purchase Agreement

Yes. A seller can back out of an accepted offer or before closing, as long as there are no specific clauses that state otherwise.

Yes -- but the wording of the purchase agreement makes a difference. Purchase agreements usually include contingencies or situations in which you can back out of the contract without penalty. As long as you're pulling out of the purchase due to one of the contingencies listed on the purchase agreement, you're golden.

An Indiana residential purchase and sale agreement is a legally binding contract between a seller and buyer of residential real estate.

The Michigan residential purchase and sale agreement is a document through which a seller of residential property agrees to transfer ownership to a buyer. The form can be used by the prospective buyer to make an initial offer to the seller, and if accepted, close the deal and transfer the property title.

Many Hoosiers mistakenly believe that they can legally cancel contracts or purchase decisions as long as they do it within three days of making an agreement. In most cases, that's simply incorrect. Under Indiana law, a sale is usually considered final immediately.

A California residential purchase and sale agreement is a contract between a buyer that agrees to purchase real estate from a seller for an agreed-upon sales price. All terms and contingencies related to the sale must be included in the same agreement.

Cancellation must be in writing: The cancellation must be signed, dated and delivered to the seller by midnight of the 3rd day after the contract is signed. You can either deliver the signed cancellation in person or send it through the mail; it must be postmarked within the cancellation period.

The PSA includes details like earnest money needed, the closing date and specific contingencies the buyer and seller have agreed to. The PSA is where the seller and buyer agree on the terms for purchasing the home and sets the transaction in motion toward the closing.