The Short Sale Purchase Agreement

The elements of a good real estate purchase agreement are no too much different from one deal to another.

Adherence to current state laws
Competent parties and signatures
Adequate legal description of the property
A clear statement of when sellers will vacate and what items are included or excluded from the sale
Contingencies for inspections and well-defined deadlines
Contingencies for title research and discovery of liens
A schedule of document deliveries and the obligation of both parties

Related Short Sale Sources