7 Things Buyers must check on purchase contracts

Every home sale starts with a real estate purchase agreement a legally binding contract signed by home buyers and sellers that confirms that they agree upon a certain purchase price, closing date, and other terms. While the forms and wording vary across the country, there are certain words common to all contract that you will want to have down. Why? Because they spell out crucial info such as how much money you are paying, when you pay it and under what conditions you can back out of the deal.

Here are seven terms you are likely to come across in a real estate purchase agreement, and why you need to check these provisions carefully before you sign on the dotted line.

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About Farhat and Associates Real Estate - Broker/Owners, CRS, EPro, CDPE

Full-time REALTOR/Brokerage serving the Phoenix Valley since 2004 Professional - Our backgrounds were in Accounting, Property Management, and Technology fields. Both Aziz and I found our passion for real estate as we started in the industry as Investors. Since 2004, we have devoted ourselves to this business on a full-time basis and have sold 100s of homes for our clients. Certifications - Certified Residential Specialist (CRS), ePro, CDPE Personal - Our passions are our family, our furry child, outdoor activities, reading, photography, golfing, travel, and discovering new foods/restaurants.
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