The Parties To A Purchase Agreement Include

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Call us today to learn more about how we can help you sell or buy your new home. Some information that should be included in a basic purchase contract may be: upon receipt of the initial sales contract, the seller may choose to decline the offer, accept and sign the contract, or present a counter-offer. Like the previous sales contract, the counter-offer is a legally binding contract. It can be virtually identical to the original agreement, but with some important changes, such as price or contingencies. Frequent changes in counter-offers are as follows: due to the significant health risks associated with lead paint, it is essential that sellers of older homes inform buyers of the risk of exposure. People who sell structures built before 1978 may be required to add an endorsement to lead paint detailing the presence of lead-based paint. This addendum can highlight the current condition of lacquered surfaces and where potentially dangerous colors are found...


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