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.
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Interesting Questions
If the seller backs out, you might have a couple of options—like pursuing legal action to enforce the contract or possibly seeking damages for any losses incurred.
Contingencies are 'if this, then that' clauses. They allow you to back out of the deal if certain conditions aren't met, like getting financing or passing a home inspection.
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Minneapolis Minnesota Basic Real Estate Purchase Contract