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Most often, the buyer's real estate agent will write up and prepare the purchase agreement for a house. Note that agents (not being practicing attorneys themselves) can't create their own contracts.
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.
The purchase contract is typically prepared and written by a real estate agent, not a buyer or a seller.
Typically, the buyer's agent writes up the purchase agreement. However, unless they are legally licensed to practice law, real estate agents generally can't create their own legal contracts.
The contract will usually be prepared by the vendor's conveyancer, solicitor or real estate agent.
Legally it does not matter who signs the contract first as long as both parties agree to it. Practically speaking, it might be better to sign second. One reason for why it is argued that you should always sign second is that you will be bound by any amendments made after you sign.
The Five Elements of a Contract Offer. Acceptance. Consideration. Capacity. Lawful Purpose.
Table of Contents Step 1: Give it an accurate name. Step 2: Mention all parties involved. Step 3: Describe your services or product with all rights, guarantees, and restrictions. Step 4: State the contract duration and make deadlines clear. Step 5: Include the price, services, payment conditions, and penalties.