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2012	4.8 Satisfied (122 Votes)

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What is included in the residential purchase agreement?

The residential purchase agreement contains the comprehensive terms of the deal, including sales price, deposit, closing date, disclosure requirements, inspections, and fees agreed upon by both parties.

What is the most commonly used residential sales contract?

The execution date of a real estate contract is the day that all parties sign the contract. The effective date of a real estate contract can be considered day zero of the contract. Thats because it is the date from which the performance period is measured.

What is the contract date of a house?

If the property is being purchased as an income/investment property, the Residential Income Purchase Agreement and Joint Escrow Instructions RIPA standard form should be considered. Regardless of the form used, if applicable, the standard contracts have language dealing with tenants.

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