Massachusetts Offer to Purchase
Description
How to fill out Offer To Purchase?
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FAQ
Who Signs The Purchase And Sale Agreement First? It depends on who sends the agreed-upon offer. Typically, the buyer starts by sending a signed PSA to the seller. If the seller accepts the terms, they will sign it.
Making an Offer Generally, in Massachusetts an offer to purchase residential real estate is made on a standard form appropriately titled Offer to Purchase which your broker will provide.
They further believe that a contract only forms when a purchase and sale agreement is executed by both the buyer and the seller. So, is an offer to purchase real estate a binding contract? The answer in Massachusetts is ?Yes.?
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.
The Massachusetts Purchase and Sale Agreement (?P&S?) The P&S is the binding, legal contract that controls a residential real estate purchases in Massachusetts. There are two main P&S forms used in Massachusetts. The Massachusetts Association of Realtors (?MAR?) Standard Purchase and Sale Agreement (With Contingencies)
After you have an accepted offer A purchase & sale agreement (P&S) is a legal document prepared and agreed to by attorneys representing both the buyer and seller in the home purchase transaction. The P&S is signed by both the buyer and seller, and will include final sale price and all terms of the purchase.
The purchase contract is typically prepared and written by a real estate agent, not a buyer or a seller.