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At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.
A Sale and Purchase Agreement (SPA) is a legally binding contract outlining the agreed upon conditions of the buyer and seller of a property (e.g., a corporation). It is the main legal document in any sale process.
The As-Is does state that the seller is under no obligation, whatsoever to repair/correct any undisclosed defects found. That is plain and simple. By the way, ?undisclosed defects? means defects found that the seller has not already disclosed to all on the Indiana State Residential Real Estate Seller's Disclosure form.
Indiana Real Estate Purchase Agreement A purchase and sale agreement is a very important and legally binding document that outlines the terms and conditions of the real estate contract that the buyer and the seller have both discussed and accepted.