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The purchase and sale agreement is a real estate contract presented by a real estate agent or drafted by an attorney that outlines the terms of the sale, the specifics of the closing process, and the contingencies that would prevent the sale from being completed.
What is AP and S?
What Is a Purchase And Sale Statement? A purchase and sales (PS) statement details the sale and offsetting of a futures or options position. The futures commission merchant (FCM) sends the statement to the customer after the position is offset (closed).
What is a short sale agreement?
A short sale is a transaction in which the lender, or lenders, agree to accept less than the mortgage amount owed by the current homeowner. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt.
What is the abbreviation for sales agreement?
A purchase and sale agreement (PSA), also called a sales and purchase agreement (SPA) or an agreement for purchase and sale (APS), is an agreement between a buyer and a seller of real estate property, company stock, or other assets.
What is AP and S agreement?
Purchase and Sale Agreement (PSA): This document outlines the agreed-upon terms of the real estate transaction, including the sale price, contingencies, and key deadlines. Both parties sign it to confirm their acceptance.
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The closing process is the final step in executing a real estate transaction. This step occurs after the execution of the PS by the buyer and seller. The closing will be done in person where the buyer will sit down with their real estate attorney to sign and review a number of documents.
What does p and s mean in real estate?
So what is a PS Agreement? The Purchase and Sale Agreement (also called a Property Sale Agreement) spells out the terms of the sale, along with the conditions that must be met for the sale to go through.
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General Terms and Conditions of Sale and Supply
(2) The Customers order for the contractual objects shall be considered a binding offer of contract. LGS is entitled to accept the binding offer of contract
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