Real Estate Purchase Agreement

A Real Estate Purchase Agreement is a legal document that outlines the terms and conditions for buying and selling property. It includes essential details such as the purchase price, closing date, and any contingencies (like financing or inspections) that must be met before the sale is finalized. This agreement protects both the buyer and seller by clearly stating their rights and responsibilities throughout the transaction process. Once both parties sign it, it becomes a binding contract, meaning both must adhere to the agreed-upon terms.