Louise Gray June 8, 2019 Purchase Agreement
The parties involved in the transaction may wish to spell out items included with the sale of the house, such as appliances and window treatments. Items expressly not included, like a washer and dryer, for example, may also be stated by the seller.
The sale of your current home – this contingency gives you time to sell your current house. If your home doesn’t sell, it allows you to forgo purchasing the new property.
A home purchase is a significant investment of time and financial resources by both the buyer and the seller. To expedite the process, you’ll want to agree to the terms up front and include them in the correct format. For additional help and resources, including information on your state’s specifc forms and purchase agreement, contact your professional today
If you need to sell your existing home to afford a new one, you should include this contingency in the agreement. This allows the seller to evaluate the strength of your offer, while providing you the opportunity to get out of the contract if your current home doesn’t sell within a certain time period.