This is a sample Real Estate Purchase Contract. A Real Estate Contract is a legally binding document between two or more parties participating in a purchase and sale, exchange or transfer of real estate. The form may be customized to suit your needs.
Don’t hesitate to ask your realtor or a legal professional. They’re there to help you make sense of the jargon and ensure you're on the right path.
While it’s not mandatory, having a lawyer can give you peace of mind and help navigate any tricky waters. Better safe than sorry!
Typically, the contract stays in effect until the sale is finalized or the conditions are unmet. It’s good to keep track, just like a ticking clock!
Contingencies are conditions that must be met for the sale to go through, like getting a mortgage or passing a home inspection. They’re your safety net in the deal.