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THE PURCHASE AGREEMENT

CONTRACT DETAILS

PRICE

The big one- the price is the main part of the offer. The purchase agreement includes the price you are offering for the home.

TERMS

The negotiable terms include but are not limited to: type of financing, timelines for inspections & appraisal, amount for earnest money, who our title company is, Closing date/possession, what's included/not included in the sale, etc. 40+ years of my experience will guide you.

CONTINGENCIES

Unless you are paying cash, the offer will be contingent on your ability to get a mortgage loan approved. Sales are often contingent on a satisfactory inspection, and on receiving an appraised value at (or above) the contract purchase price. The offer could also be contingent on the current home selling (if you have to sell before you buy.)

CLOSING/POSESSION

The closing date will be agreed upon in the contract, as well as when the buyer will take possession of the home.

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CLOSING

23 September 2024
All parties will find a time to meet at the closing office (on the closing date agreed to in the contract or a change in date agreed upon by all parties) to sign all the closing documents. Typically, the sellers have signed their agreements and do not attend closing. I will be there representing you as my client. If you have obtained a lawyer, they will be there also in their office to close along with the title company "closer" who will go over all the documents with you, will get all signatures needed ¬tarize, then they will get the deed recorded and transferred with the county, supplying you with all copies.
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