Massachusetts Real Estate Forms

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Commonly Asked Questions about Massachusetts Real Estate Forms

How to sell your own house in Massachusetts?

How to sell a house by owner in Massachusetts Step 1: Make your home presentable to buyers. Step 2: Set a price for your home. Pricing data for Massachusetts and its major markets. Step 3: Create a listing for your home. Step 4: List your home for sale. Step 5: Show your home to potential buyers.

What is a Massachusetts sales contract?

The Massachusetts Purchase and Sale Agreement (PS) The PS is the binding, legal contract that controls a residential real estate purchases in Massachusetts. There are two main PS forms used in Massachusetts. Please contact us if you need assistance determining which form you have.

What is the difference between an LOI and an offer letter real estate?

The benefit of submitting an LOI is that the most important aspects of the transaction are easy to read and understand. In commercial real estate, this can help both buyers and sellers come to clear terms on large purchases, one of the key differentiating factors in a letter of intent vs offer to purchase.

What is a real estate offer letter?

A house offer letter is a written letter to the seller of a home telling them a bit about who you are, why you want to buy their home, how much you would enjoy it, your ability to complete the sale, and why they should choose your bid over another offer on a house.

What is an offer to purchase in Massachusetts?

An Offer to Purchase is a legal document that outlines the terms and conditions of a real estate transaction. It is typically prepared by the buyer and presented to the seller. The Offer to Purchase will include details such as the purchase price, financing terms, and the date of closing.

Who writes the purchase and sale agreement in Massachusetts?

A purchase sale agreement (PS) is a legal document prepared and agreed to by attorneys representing both the buyer and seller in the home purchase transaction. The PS is signed by both the buyer and seller, and will include final sale price and all terms of the purchase.

Is an offer letter legally binding in Massachusetts?

A signed offer letter can serve as a contract, but many offer letters include language giving the employer the right to modify terms. While specific promises made by the employer are not the same as an employment contract, they may be enforced under certain limited circumstances if you reasonably relied on them.