A Purchase Agreement Residential Property is a legal document that outlines the terms and conditions of a residential real estate transaction. It is a legally binding agreement between a buyer and seller that outlines the details of the sale, including the purchase price, closing date, contingencies, and any other terms and conditions that may apply. The purchase agreement is typically signed by both the buyer and seller, and then submitted to the closing agent. There are two main types of Purchase Agreement Residential Property: an Offer to Purchase and a Sales Contract. An Offer to Purchase is a written agreement in which the buyer offers to purchase the property from the seller at a specified price. The offer also details any contingencies, such as financing, home inspections, and other terms and conditions, which must be met in order for the offer to be accepted. A Sales Contract is a legally binding agreement between the buyer and seller that outlines the details of the sale, including the purchase price, closing date, contingencies, and any other terms and conditions that may apply. This document is typically signed by both the buyer and seller, and then submitted to the closing agent.
Purchase Agreement Residential Property
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