When the time comes for you to purchase your
new home, both you and the seller will have to come to an
agreement.
The major component of the sale that both you
and the seller will have to agree on is the purchase price. On a
smaller scale, you both must come to an agreement on the down
payment, what stays and what goes, and any minor work the property
may need, etc.
Once you and the seller have come to an
agreement, you will both be required to sign the agreement of sale
which is provided to you by your realtor. Your realtor, who acts
as your advocate will go over all of the stipulations with you
before you sign the actual paper work.
Once the agreement of sale is signed, you can
than move on to following through with all of the other necessary
conditions required to purchase your new home.
An agreement of sale is defined as follows:
A written signed agreement between the seller
and the buyer in which the buyer agrees to purchase certain real
estate and the seller agrees to sell upon terms of the agreement.
Agreement
of Sale