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The document is a contract for the sale and purchase of real estate in West Virginia, outlining the agreement between the Seller and Buyer regarding the property, sales price, financing options, earnest money deposit, property condition, closing procedures, title conveyance, and various legal obligations. It includes provisions for inspections, appraisals, default consequences, and representations by both parties. The contract emphasizes that it is not contingent on broker involvement and must be governed by West Virginia law.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Can I make my own purchase agreement?

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.

What makes a purchase agreement legally binding?

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.

Can someone back out of a purchase agreement?

In California, home buyers are generally able to back out of a purchase agreement during the contingency period without penalty. After all, thats the whole point of adding contingencies to a real estate contract. It gives the home buyer an exit strategy for unforeseen circumstances.

How do you write a simple purchase agreement?

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.

Is earnest money required in West Virginia?

Once we have completed negotiations for you, the buyer, and the seller/sellers agent to come to an agreement on all terms for the purchase of your new home; you now have a ratified contract. An EMD ( Earnest Money Deposit) will be required at this time and can vary in amount based off the particular home or contract.

for sale by owner purchase agreement

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