Real Estate Purchase Agreement Precision- in Metairie & Kenner
The purchase agreement used in a real estate transaction may well be the most important document of all. This article is not intended, necessarily, to be from a legal perspective, but rather from a practical brokerage standpoint. At the heart of all purchases of real estate is the written agreement to purchase. If it is carefully drafted initially, confusion and uncertainty are eliminated. Purchase agreements address the vast majority of issues within an agreement-such as price type of financing, occupancy, deposit, etc.- within neatly arranged blanks which are designed to be filled in by the preparer (agent or broker)of the agreement. There is also a provision to customize the agreement by adding conditions under a section generally referred to as “Additional Terms and Conditions,†when necessary to clarify the agreement, or incorporate terms and conditions not addressed within the agreement.
