This sample form, an Additional Purchaser Representations and Warranties document, is usable for corporate/business matters. The language is easily adaptable to fit your circumstances. You must confirm compliance with applicable law in your state. Available in Word format.
It’s wise to review your financial status honestly and consult with a real estate professional to ensure everything you say is above board and realistic.
While they primarily serve the seller’s interests, they can indirectly protect you by ensuring that you’re buying from someone who’s committed and has good intentions.
If you can’t hold up your end of the bargain, the seller may have the right to back out of the deal or seek damages, just like in any agreement.
Absolutely! It’s all part of the dance in real estate. You can work with the seller to tweak the details to make it all work for both sides.
They help to build confidence between the buyer and seller. It’s like shaking hands on a deal, making sure both sides are on the same page.
These are promises made by the buyer about their financial ability and intentions, ensuring the seller can trust their commitment to the deal.