What should be included in a real estate purchase contract?

When purchasing real estate in Washington State, a real estate purchase contract is necessary to ensure that all parties involved are legally protected in the transaction. The purchase contract should include the following information: 1. The names of all parties involved in the transaction, such as the buyer, seller, and any brokers or agents. 2. The price and terms of the sale, including any financing arrangements, mortgage terms, and closing costs. 3. The address of the property being purchased, the type of property, and any legal descriptions of the lot. 4. A complete list of all fixtures, appliances, and other improvements included with the sale. 5. Any contingencies that must be met before the sale is considered completed, such as inspections or financing. 6. A statement that the sale is being made “as-is” and is not subject to any warranties or guarantees. 7. A clause that describes how legal disputes arising from the transaction will be resolved. 8. The signatures of all parties involved in the transaction, including any brokers or agents. All parties involved in a real estate transaction in Washington State should make sure that the purchase contract is understood and signed by all parties before the sale is complete. This contract is a legal document that binds all parties to the terms of the sale and provides legal protection in the event of a dispute.

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What should be included in a real estate purchase contract?

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