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9/09/10 1:25 PM
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What’s covered in the Purchase Agreement?

 

o       Complete and accurate legal description of the property.

o       Amount being offered.

o       Financing contingency: size and type of loan to be obtained, plus the interest rate and closing cost information.

o       The closing date and when possession of the property will be transferred to the new buyer.

o       The amount of earnest money being offered.

o       Any items of personal property being requested by the buyers to be conveyed by bill of sale.

o       Any other contingencies that must be met in the offer such as...inspection of the home and the appraisal.