A Real Estate Purchase Agreement is a legal document that outlines the terms and conditions of a real estate transaction. It is a contract between a buyer and seller that sets out the details of the purchase, including the purchase price, closing date, payment terms, and any other specific conditions. It is important to read and understand the contract before signing. Types of Real Estate Purchase Agreement include residential purchase agreement, commercial purchase agreement, lease-purchase agreement, and land contract. A residential purchase agreement is used for the sale of a home, while a commercial purchase agreement is used for the sale of commercial property. A lease-purchase agreement is used for the sale of property that is being leased, and a land contract is used for the sale of land.
Real Estate Purchase Agreement
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