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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.
Though notarization is not required, it may still be a good idea to have a notary present in order to verify the identities of all signers.
A real estate sales contract and purchase agreement is a detailed document breaking down the specifics of the property transaction. Within its pages, youll find several common elements, such as: Buyer and seller information: Full names and contact information for all buyers and sellers involved in the transaction.
A purchase agreement is a legal document that is signed by both the buyer and the seller. Once it is signed by both parties, it is a legally binding contract. The seller can only accept the offer by signing the document, not by just providing the goods.
Listing As For Sale By Owner (FSBO) The agent will still need to disclose their status as a licensed real estate professional when conducting business with potential buyers. Because the agent isnt involving their brokers services with a FSBO home sale, they are considered the seller and not the listing agent.
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A basic purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.

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