Common Contracts
1 similar Regional Sales Contract contracts
ContractRegional Sales Contract • January 15th, 2014
The standard contract used in this area is the Regional Sales Contract (the “Contract”)(reprinted following this explanation). The Contract, a ten-page document outlining the specifics of financing and price as well as the parties’ rights and responsibilities, is used in Northern Virginia, the District of Columbia, and parts of Maryland, Delaware, West Virginia and Pennsylvania. Some points not directly addressed in the Contract are addressed in attachments to the Contract know as addenda. We have filled in the blanks of the sample Contract and will refer to it throughout our discussion. Please note that we have addressed most but not all of the terms of the Contract in this explanation. We strongly recommend that you read the Contract in full prior to ratification and discuss it with your Realtor. Of course, you may also wish to have it reviewed by an attorney.
