What is an agreement to sell?

An agreement to sell is an official document that is entered into between two parties outlining the sale of a particular piece of property. This document must include the names and details of the two parties who are involved in the sale, the amount of money that is being paid, the details of the item being sold, and any other relevant details. In Massachusetts, an agreement to sell must also be signed by both parties. Once the agreement to sell is signed, both the seller and buyer are bound to the terms of the agreement and the sale is legally binding. An agreement to sell in Massachusetts must also be filed with the local Registry of Deeds in the county in which the property is located in order to be valid. This document serves as a legally binding agreement between the two parties and is used to protect both parties in the event of a dispute.

Related FAQs

What is a deed of trust?
What is a deed of quitclaim?
What is title insurance?
What is a lien?
Who owns a property when it is jointly owned?
What is the difference between a deed and a title?
What is a reversionary interest?
What is a lis pendens?
What is the doctrine of fixtures?
What is an exercise of option?

What is an agreement to sell?

Related FAQs

Related Blog Posts