Short Sale SellersThe Short Sale Purchase Agreement
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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