Question:

What does a house agreement of sale read?

Answer:

A house agreement of sale contains information about vendor and purchaser of the house, and also states the price of the house and whether the property is freed from encumbrances.

The period to conclude the sale, as well as the earnest money paid on the house are also stated on the house agreement of sale. Also, purchaser will be asked to do a title search and is entitled to a refund of the earnest money if title is found not to be clear.

What happens upon breach of the agreement by either vendor or purchaser is also stated on the house agreement of sale together with distribution of sale related costs between the two parties on the agreement.

A house agreement of sale can be found and downloaded online. However, it is recommended that you only use it for information purposes. For binding legal purposes use only local state approved forms of house agreement of sale. You should refrain from signing residential agreement of sale without legal advice.

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