Real Estate Purchase Agreements

A Real Estate Purchase Agreement is a legal document outlining the terms of a property sale between a buyer and a seller. It includes details like the sale price, property description, closing date, and contingencies, which are conditions that must be met for the deal to proceed. This agreement ensures both parties understand their rights and obligations, providing protection during the buying process. It is essential to review the agreement carefully, as it serves as the foundation for the transaction and can affect future responsibilities and ownership rights.