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Most purchase agreements in real estate are contingent on two items - The home inspection and mortgage financing contingencies.
Most purchase agreements in real estate are contingent on two items - The home inspection and mortgage financing contingencies.
The Five Elements of a Contract Offer. Acceptance. Consideration. Capacity. Lawful Purpose.
The Five Elements of a Contract Offer. Acceptance. Consideration. Capacity. Lawful Purpose.
The Five Elements of a Contract Offer. Acceptance. Consideration. Capacity. Lawful Purpose.
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Content of a Purchase Agreement A description of the property being purchased. The purchase price. The terms as to how and when payment is to be made. The terms as to how, when, and where the goods will be delivered to the purchaser.
At its most basic, a 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.
A draft contract is an agreement thats not finalized. During the process of a property transaction, for instance, the first agreement is called the draft contract. The precise terms and wording also have not been agreed to by all sides.
9 Things to Include in a Purchase Agreement Buyer and Seller Information. Sale Inclusions. Sale Exclusions. Disclosures. Terms and Pricing Conditions. Possession Terms and Conditions. Default Clause. Closing Details.
Among the terms typically included in the agreement are the purchase price, the closing date, the amount of earnest money that the buyer must submit as a deposit, and the list of items that are and are not included in the sale.

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