The purchase agreement is a critical document that outlines the terms and conditions of buying or selling a property. In the case of real estate, a realtor.com purchase agreement is a crucial document that helps ensure a smooth, legally-binding transaction for all parties involved.
At its core, a purchase agreement is a contract between the buyer and seller, laying out terms for the sale of a property. Key elements of a realtor.com purchase agreement typically include:
– Sales price: This is the amount the buyer agrees to pay for the property.
– Contingencies: These are conditions that must be met before the sale can proceed. Common contingencies include inspections, financing terms, and appraisal values.
– Closing date: This is the date by which the sale must be completed.
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