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.
The contract is considered complete when all parties have signed and the conditions are met. Think of it like crossing the finish line; it’s only official when everyone’s crossed it together.
Yes, contingencies are conditions that must be met for the deal to go through. It’s like a safety net; if things don’t check out, the buyer can walk away.
Backing out can lead to consequences, like losing a deposit or being taken to court. It’s like playing with fire; you’re better off knowing what you’re getting into before you dive in.