Author : Lara Finnis.
Published : Thu, Jun 20 2019 :9 PM.
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The purchase agreement documents the terms of the transaction discussed between the buyer and seller. Included are the purchase price and the closing date, two of the most important items in any real estate purchase. The amount of money the buyer places on deposit, also known as earnest money, is defined in this agreement as well, and this money should be placed in an escrow account until settlement.
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