A Real Estate Purchase Agreement is a legal document that buyers and sellers use to confirm their intent to transact with each other. Real Estate Purchase Agreements, however, do not transfer any property title. Instead, they set out the parameters for doing so.
A Real Estate Purchase Agreement, sometimes referred to as a House Purchase Agreement or Home Purchase Agreement, sets forth the terms under which the sale of property will take place on a future date. It can be made between many types of parties, including individuals, married couples, businesses, or trusts.
If you are ready to buy or sell property, you can use a Real Estate Purchase Agreement to determine the obligations of both parties for the sale to occur on the closing date. It will help you determine the responsibilities of all parties involved before transferring the property in question. As a Rocket Lawyer member, you have the option to activate Document Defense ® , which allows a lawyer to help you get paid or otherwise enforce your rights.
