Common Contracts

How to write a house sale agreement

July 15th, 2023

• Filed
  July 15th, 2023

Details of the property, such as its size. Conditions that need to be fulfilled for the sale to go ahead. What conditions should a sale agreement contain? The sale agreement is an important opportunity for the buyer to protect themselves. Two common conditions for the home buyer to include: The sale cannot go ahead until the buyer has obtained a home loan. The sale cannot go ahead until the buyer has sold their existing property. These conditions ensure the buyer will have the money available to go ahead with the purchase. This benefits the seller as well, as they know they can pull out of the deal if the buyer does not acquire the necessary funds. The requirement for the seller to perform a property inspection Another important condition the buyer should include. The seller has no obligation to fix defects in the home but the buyer can insist they do so before the sale goes ahead. In order to do this, the buyer needs to know what defects there are. A property inspection can reveal pat