What’s In the Agreement of Purchase and Sale?
This is the most critical form used in a real estate transaction, do you know what it says?
One of the convenient things about working with offers is knowing that all the agents are going to be using the exact same pre-printed offer form. This means that we can zero in on just the key unique fields of an offer. The price, the closing date, the deposit amount and and additional terms added by the buyer. But it also is important for home buyers and sellers to take a few minutes and familiarize yourself with the rest of the document.
Here is a “plain language” version of the form that explains more clearly the meaning of each paragraph of the form. I hope you find this useful.