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PURCHASE AND SALE AGREEMENT - Hudson and Marshall 2025

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The document is a Purchase and Sale Agreement between the City of Dallas (Seller) and a Buyer for the sale of real property. It outlines the terms of the sale, including the purchase price, earnest money, title conditions, and disclosures regarding the property's condition. The agreement emphasizes that the property is sold 'as-is' without warranties from the Seller, and it includes provisions for closing costs, inspections, and potential liabilities. Additionally, it contains clauses related to environmental concerns, financing options, and legal obligations of both parties.

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Is a purchase and sale agreement legally binding?

A purchase and sale agreement (PSA) is a binding contract that outlines how property will change hands between buyer and seller. It covers the crucial details both parties must follow to complete the sale properly and legally.

How do you write a purchase and sale contract?

What Are the Different Parts of a Purchase Agreement? Legal identity of all parties. Detailed property or product description. Terms of payment and method. Purchase and sale agreement clauses like contingencies, deposit info, delivery date. Defined closing procedures. Warranties and disclosures. Dispute resolution methods.

Can I draft my own agreement?

A well-written contract helps both parties understand what to expect and protects their businesses. You can: write your own contract. get a lawyer to draft one.

What does a purchase and sale agreement do?

A purchase and sale agreement is used to document the parties intentions and the terms they have agreed will govern the transaction. You can include specific terms like the product or property, the price of the product or property, conditions for the delivery of the product, and the date of product delivery.

Can I write my own purchase and sale agreement?

Some states, like California, have created real estate purchase agreements you can download and change. You can also get a template from docHub, as well as benefiting from real estate contract management software functionality.

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Is it legal to create your own contract?

Contracts Without Lawyers: You can create legally binding contracts without an attorney by ensuring clarity, completeness, and adherence to legal requirements. Essential Elements: A contract must include parties, offer, acceptance, consideration, and clear terms to be enforceable.

Can anyone write a purchase agreement?

Can I write my own purchase agreement? In theory, yes: Youre free to do so, given that a buyer or seller is allowed to draft their own real estate purchase agreement.

Is Hudson and Marshall a reputable company?

Hudson Marshall Auction Marketing, Inc. is BBB Accredited. This business has committed to upholding the BBB Standards for Trust.