This is a sample Real Estate Purchase Agreement. If you buy a home without an agent, you'll have to negotiate and decide how much to offer on your own. The form may be customized to suit your needs.
Absolutely! Common contingencies include home inspections, financing approval, and the sale of your current home. These act as safety nets to protect your interests.
The agreement is generally valid until the transaction is completed or explicitly terminated. However, it’s wise to stay on top of deadlines to avoid any hang-ups.
If one party drops the ball, the other can typically pursue remedies through legal means, such as asking for compensation or enforcing the agreement. It’s a serious matter!
Yes, but it takes teamwork. Both parties need to agree on the changes, and it’s best to put any amendments in writing to keep things crystal clear.
While it's not a legal requirement to have a lawyer, it's often a good idea. Having legal eyes on the agreement can help you avoid any bumps in the road down the line.