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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.
Who drafts a purchase and sale agreement?
In most states, the purchase and sale agreement is a standard form legal document presented by a real estate agent while attorneys generally handle more complicated sales contracts. Some states, however, require an attorney to draft this agreement.
Who prepares the purchase and sale agreement in Massachusetts?
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.
Who prepares the purchase and sale agreement?
In most real estate transactions, the sellers agent is responsible for drafting the purchase agreement. The cost for this service is usually included in the sellers commission fee, which is paid at closing. However, in a For Sale By Owner (FSBO) scenario, the buyers agent often steps in to prepare the agreement.
Can I write my own purchase agreement?
In Massachusetts, the standard form Greater Boston Real Estate Board Purchase and Sale Agreement (PS) is almost always the governing contract between the Buyer and the Seller regarding the proposed property to purchase. Most Buyers submit an initial offer to a Seller, which spells out the terms of the contract.
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Who is responsible for the purchase and sale agreement?
The first iteration of this document will include details that have already been agreed upon between the buyer and seller in the initial offer to purchase, such as the purchase price, initial down payment, and contingencies. It is the responsibility of the sellers attorney to draft the first iteration of the PS.
Who writes up the purchase and sale agreement in Massachusetts?
After you have an accepted offer A purchase sale agreement (PS) is a legal document prepared and agreed to by attorneys representing both the buyer and seller in the home purchase transaction. The PS is signed by both the buyer and seller, and will include final sale price and all terms of the purchase.
massachusetts purchase and sale agreement
purchase and sale agreement
Included in the sale as a part of the Premises are the buildings, structures, and improvements now thereon, and the fixtures used in connection therewith
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