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Making a Property Sale Agreement
You may use the Property Sale Agreement if:
A Property Sale Agreement is an agreement to sell property at a future date (closing date) under certain terms. This document will define the obligations of both parties when a piece of property is being sold and will get you one step closer to selling or buying property.
Property Sale Agreements will generally include details concerning the total purchase price of the property, closing costs, title requirements, and warranties.
Making a Property Sale Agreement online is simple. Just answer a few questions and Rocket Lawyer will build your document for you. Consider these questions beforehand to make the process speedier:
If you don't have all of the details you need, you can skip questions and save your document for later.
Once the sale agreement is signed by both the buyer and seller, it becomes legally binding. Once you sign a Property Sale Agreement, you can't back out without a good reason, and without facing penalties, so it's important to get the details right the first time. Make sure your real estate deal doesn't go sour by putting the details in a Property Sale Agreement.
Typically, the seller's broker or agent will draft the Purchase and Sale Agreement. If the seller does not have a broker or agent, then the buyer's agent will create the agreement.