PURCHASE AND SALES DOCUMENTS

The Standard "Purchase and Sales " Documents Are Listed Below.
Click On The Title To View These Forms:

STANDARD FORM - PURCHASE AND SALE AGREEMENT

STANDARD FORM CONDOMINIUM - PURCHASE AND SALE AGREEMENT

STANDARD FORM LAND - PURCHASE AND SALE AGREEMENT

The Purchase and Sales (P&S) Agreement is a formal, legal, binding contract that is signed by the buyer and seller about two weeks after the Offer To Purchase. After the offer, the buyer customarily receives a 10 day window to perform a home inspection. From there, the offer and any inspection concern agreements are passed along to the respective attorneys. The attorneys review the agreements and formalize a final version of the standard purchase and sale agreement form.

Sometimes the clients will sign the P&S in front of their attorney but many times the final version is forwarded to the agents for signatures. Generally, the buyer signs the agreement first and also, at that time, passes along a check for the agreed amount to be placed in escrow. After the seller signes, the check is deposited and two originals are passed back to the buyer.

It is important that the buyer forward this fully executed document to their bank or financial institution as soon as possible. The next step in the transaction process is the mortgage commitment. The bank will not complete the mortgage commitment process without first receiveing a fully executed P&S agreement. You should expect to receive a written commitment letter about 14 days after the bank receives the executed P&S.

To Discuss Any Aspect Of The Purchasing Process

Please Contact:

Doug Stamm - Re/Max Landmark

Email Address: HomeInfoSearch@comcast.net

Cell Phone: (508) 341-0989

Web Site: www.HomeInfoSearch.com