Sell South Dakota Real Estate Purchase Agreement

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How legally binding is a purchase agreement?

A purchase agreement is a legal document that is signed by both the buyer and the seller. Once it is signed by both parties, it is a legally binding contract. The seller can only accept the offer by signing the document, not by just providing the goods.

Is a real estate purchase agreement binding?

What Is A Purchase Agreement? In real estate, a purchase agreement is a binding contract between a buyer and seller that outlines the details of a home sale transaction. The buyer will propose the conditions of the contract, including their offer price, which the seller will then either agree to, reject or negotiate.

What does a home purchase agreement look like?

The typical home purchase contract should include: Property address and/or legal description. Purchase price you're offering. Amount of down payment (how much cash you will put down, if you're taking out a loan for the remainder).

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