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What Is purchase agreement in real estate
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[QUOTE="King bell, post: 333289, member: 75687"] A purchase agreement in real estate is a contract that sets out the terms of a property sale between a buyer and seller. It covers important details like who's involved, what the property is, the sale price, how payments will be made, when the deal will close, various "what-if" scenarios, who'll own the title, the state of the property, who pays for closing, what happens if someone backs out, the upfront deposit, checks on the condition, and what appliances or fixtures stay. Buyers and sellers should look over the agreement closely before signing since it makes them stick to what's written down. To make sure the agreement works for everyone and covers their bases, you might want to get legal advice. [/QUOTE]
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