Real Estate Home Sales Package with Offer to Purchase, Contract of Sale, Disclosure Statements and more for Residential House - Pennsylvania 2025

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We want to help you prepare for the worst-case scenario, which is why we created this straightforward guide to three types of contingencies: Design contingencies. Bidding contingencies. Construction contingencies.
Some states, like California, have created real estate purchase agreements you can download and change. You can also get a template from PandaDoc, as well as benefiting from real estate contract management software functionality.
A purchase and sale agreement, or PSA, is a document that is written up and signed after a buyer and seller mutually agree on the price and terms of a real estate transaction. Depending on state laws, either a real estate agent or real estate attorney will prepare the PSA.
How to write an Offer to Purchase Real Estate Specify the property type and location. Provide the legal land description. Describe the included property features. Provide buyer and seller details. Outline a purchase price and deposit details. Pick a closing and possession date. Outline conditions. Set an acceptance deadline.
There are four common contingencies that every homebuyer needs to work through: Home inspection contingency. Appraisal contingency. Financing contingency. Home sale contingency.
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While most sellers prefer to receive a contingency-free offer from a buyer, they can be valuable tools for both the buyer and seller to back out of the contract. They provide buyers an out if conditions arent met. There are tons of contingencies, but the four most common are appraisal, inspection, loan, and home sale.
Contingencies can include details such as the time frame (for example, the buyer has 14 days to inspect the property) and specific terms (such as, the buyer has 21 days to secure a 30-year conventional loan for 80% of the purchase price at an interest rate no higher than 4.5%).

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