Purchase Agreement and Sales Agreement

Whether it consists of several pages of big type or a few of fine print, a real estate purchase agreement is a serious document. In most areas, there are boiler plate forms that spell out what each party agrees to do by certain dates and what happens if either side breaks the contract.

The best time to familiarize yourself with these forms is when you are beginning your search. Ask the Realtor for a copy of the purchase agreement and then review it, keeping in mind that it has the force of law. If you don’t understand the document, consult an attorney. If there is a dispute between buyer and seller, a court will hold you to what the purchase agreement says, not what you thought it meant or what you thought the Realtor said it meant. There are several crucial points you should be clear about. What are the deadlines for loan application and obtaining financing? If you decide to back out because of the structural inspection report, can you do that? Do appliances convey? When will the closing take place? If you understand these clauses before you find the perfect house, you will avoid a lot of stress and minimize the likelihood of misunderstandings.

No one knows the North Georgia real estate market like we do! Contact us through our web site, call us at 706-310-0070, or email us anytime if we can help you.

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Seger Realty, Inc.
1071 Jamestown Blvd.
Suite D-4
Watkinsville, GA 30677
info@segerrealty.com
706-310-0070  office
706-310-0303  fax

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