What should be included in a real estate purchase contract?

When purchasing real estate in Massachusetts, it is important to have a written purchase contract that includes all relevant information. Such a contract should include the names and addresses of all parties involved, including the seller and purchaser. The contract should also include a legal description of the property, the purchase price, the amount of earnest money paid, the closing date, the terms of the sale (cash, finance, etc.), and any special provisions for the sale. The contract should also specify any zoning or building requirements that must be met, whether the seller is responsible for any outstanding taxes or liens on the property, and who will be responsible for paying the closing costs. Additionally, the contract should be signed by both parties and should include dates of when it was executed. A real estate purchase contract is an important document that should adequately protect both parties in the transaction. It is wise to enlist the help of experienced real estate attorneys to ensure that all relevant issues are properly addressed.

Related FAQs

What is an affirmative servitude?
What is a deed of confirmation?
What are the elements of a valid deed?
What are landlord-tenant laws?
What is a deed of trust?
What is a landlord's duty to provide safe housing?
What is the “lost document rule”?
What is a title insurance policy?
What is an estoppel?
What is the Statute of Limitations for filing a property lawsuit?

What should be included in a real estate purchase contract?

Related FAQs

Related Blog Posts