We know buying and selling homes comes with heaps of seemingly endless paperwork. So let’s make it easier… what are the most important bits to focus on in that P&S?
It may seem obvious, but you’ll run into problems if your name or the addresses of the properties involved are incorrect on the P&S. Double check those as well as the agreed-upon purchase price. Building and structures provisions are important to consider as well as the bulletproof and unchangeable date of your closing.
Pay special attention to the Mortgage Contingency Clause too. If you are obtaining financing, this date is extremely crucial to keep in mind to get your mortgage commitment from your lender professional in order.
If you have any further questions about Purchase and Sale agreements, contact Stiles Law by calling (781) 319-1900.
Copyright © 2021 Stiles Law, All rights reserved. Stiles Law is a Massachusetts licensed law firm and all content is based on Massachusetts law. The information presented above is meant to be used for general informational purposes and it should not be construed as legal advice or legal opinion on any specific facts.