Why Is Understanding The Purchase and Sale So Critical?

Rick Carter of Carter Law Offices and Kevin Vitali of Real Broker discuss the importance of the importance of the Massachusetts The Purchase and Sale Agreement (P&S).

This is a very critical document in any real estate transaction and it is often overlooked by home buyers and sellers.😊

It outlines the final terms and conditions agreed upon by the buyer and the seller after the initial offer has been accepted. It serves as the legal contract binding both parties to the transaction and provides a roadmap to the closing process.

While optional, having an attorney represent your interests in creating the purchase and sale document is essential. If some critical aspect of the sale is not in the purchase and sale, it becomes hard to enforce in court.

Set aside time to read the document and if you have any questions consult with an attorney.

What is in the video:

00:00 - Introduction to Real Estate Law and Its Importance
02:47 - What is a Purchase and Sale Agreement
06:06 - Understanding the Purchase and Sale Contract
09:01 - The Role of Attorneys in Creating the Purchase and Sale
11:47 - Contingencies and Their Importance in a PS
15:10 - Breach of Contract: Consequences and Remedies

Rick Carter
Carter Law Offices
Salem NH and Reading MA
781-944-9222
[email protected]
Check out Rick's podcast @realestatehouseparty8526 on YouTube.

Kevin Vitali
Real Broker
978-360-0422
[email protected]
follow me on instagram @massachusettsrealtor
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