Category Archives: Residential Purchase Agreement

Whether the buyer intends to occupy the property is important for matters such as liquidated damages, loan qualification, rate, and terms, and should be noted by checking the appropriate box…

Obtaining financing is a contingency of the agreement, unless it’s an “all cash” offer or the buyer states that obtaining financing is not a contingency

A. Offer-Buyer
This sentence states that the document is an offer, which means that the contract can be accepted or declined and creates a binding…