A Real Estate Purchase Contract — Residential is a legal agreement between a buyer and a seller for a residential real estate transaction. It outlines the terms, conditions, and contingencies for the purchase and sale of a home. It typically includes the purchase price, the closing date, the buyer’s deposit, the seller’s obligations, and the buyer’s rights. There are two main types of Real Estate Purchase Contract — Residential: an offer to purchase and a purchase agreement. The offer to purchase is a legally binding document that outlines the buyer’s offer to purchase the property. It includes the purchase price, the closing date, the buyer’s deposit, and any contingencies. The purchase agreement is a more detailed document that outlines the terms and conditions of the purchase. It typically includes information about the property, the purchase price, the closing date, the buyer’s deposit, the buyer’s rights, the seller’s obligations, and any contingencies.
Real Estate Purchase Contract - Residential
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