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.
When the seller accepts your offer, you’re off to the races! The contract becomes binding, and you’ll start working on things like inspections and securing financing.
A contingency is like a safety net in your contract. It’s a condition that must be met for the deal to go through, such as securing financing or passing inspections.
Once you sign on the dotted line, it’s usually tough to back out. But if you have contingencies, like a home inspection, that might give you a way out. It’s always best to read the contract closely!
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Portland Oregon Basic Real Estate Purchase Contract