What is an agreement to sell?

An agreement to sell is a legally enforceable written contract between two parties that establishes the terms and conditions of a sale of real property in North Carolina. This agreement is usually drawn up by a real estate lawyer and is used to clearly outline the terms of the sale, which include the purchase price, closing date, payment terms, and other pertinent details. The agreement to sell is generally required to be signed by both the buyer and the seller. If either party fails to abide by the terms of the contract, then the other party can take legal action to enforce the agreement. This agreement serves as a legally binding document that protects both parties from any future misunderstandings about the real estate sale.

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What is an agreement to sell?

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