offer to purchase: The Elements of a Massachusetts Offer to Purchase Real Estate - 06/18/11 07:00 PM
The Elements of a Massachusetts Offer to Purchase Real Estate
Once you have found the perfect home, it is the job of your Realtor® to write up an Offer to Purchase. Since Massachusetts has a two-contract process, the Offer to Purchase is the first step, to be followed in 7 days to a week by the Purchase and Sale Agreement.
The Massachusetts Offer to Purchase is typically written on the standard preprinted form provided by the local board. However, the contingency pages are another matter. These pages are specifically geared to protect your interests as a home buyer, and specifically - your deposit.
The … (3 comments)
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offer to purchase: There’s Nothing “Standard” About The Massachusetts Standard Form Real Estate Purchase And Sale Agreement - 10/13/09 10:08 PM
Buying a home in Massachusetts involves a two-part contract. First, is the "Offer to Purchase" and, following that, is the "Purchase and Sale Agreement."
Everything that is written into the Offer is eventually transferred to the Purchase and Sale Agreement. It is critical that you, as a home buyer, have this agreement reviewed by a qualified real estate attorney. The attorney will not only look over the document for you but will typically add an addendum that will offer further protection to you in your transaction.
Attorney, Richard D. Vetstein has written the following post on the significance of having this document … (2 comments)
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