How to write a home purchase agreementHome Purchase Agreement • August 12th, 2021
Contract Type FiledAugust 12th, 2021Sales & purchase agreements are used in all sorts of business transactions but, generally, home purchase agreements are what come to mind when SPAs are mentioned. Any legal document that binds someone to buy a product or service, and obligates someone else to sell the same product or service, is a purchase & sales agreement, be it a house, a car or lawn-cutting services. Although you can execute an SPA by yourself, or between parties, the assistance of professionals — lawyers or an accountant — is advisable, especially for big-ticket items that include real estate. Download, purchase or otherwise secure a sample SPA. You may have an old or existing SPA to which you can refer, and there are online forms available. Familiarize yourself with the components of the agreement. Complete the first section, which usually includes the date and the names of the buyer(s) and seller(s). You’ll also need to include addresses, phone numbers and any applicable business names. Describe the house, prope