You must meticulously review the purchase agreement before you sign and turn the document into a legally binding sales contract. A minor oversight can lead to home sale delays \u2014 or worse, trap you in a bad deal.<\/p>\n
With insight from a top real estate agent, we\u2019ll walk you through the ins and outs of purchase agreements, so you understand the role this document plays in your home sale.<\/p>\n\n\n\n\n\n
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\n <\/div>\n \n Curious What Your Home Is Worth?<\/h3>\n
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A purchase agreement is an offer that evolves into a contract<\/h2>\n
A purchase agreement, also known as a real estate sales contract<\/a>, is the document the buyer and seller use to detail the sale price and terms.<\/p>\n \u201cThe purchase agreement not only sets the price being offered by the buyer but also terms and conditions,\u201d says top real estate agent Jeffrey Cummings<\/a>, who has 18 years of experience in the Greater Indianapolis Area<\/a>. He shares that the document is typically seven to 10 pages long.<\/p>\n","protected":false},"excerpt":{"rendered":" What is a purchase agreement? Discover what this legal contract covers, why it matters, and how to review it effectively.<\/p>\n","protected":false},"author":218,"featured_media":46066,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cybocfi_hide_featured_image":"","footnotes":""},"categories":[243,322],"tags":[],"class_list":["post-22917","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-contracts","category-logistics"],"acf":[],"yoast_head":"\n