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Munich & LAU Realty 1128 Commonwealth Ave Suite B Boston MA 02134 Sight Unseen Agreement It is hereby understood and agreed to that ...

How to fill out sight unseen agreement

How to fill out a sight unseen agreement:

1. Begin by downloading or obtaining a sight unseen agreement template. This document is commonly used in real estate transactions when a buyer or tenant cannot physically inspect the property before making a decision.
2. Title the agreement with the relevant information, including the names of the parties involved, the date, and any identifying details about the property.
3. Define the terms and conditions of the agreement. Specify the duration of the sight unseen period, during which the buyer or tenant has the right to inspect the property after signing the agreement.
4. Clearly state the responsibilities and obligations of both parties. This may include the buyer or tenant's responsibility to thoroughly inspect the property within the specified period and report any issues or concerns to the seller or landlord, as well as the seller or landlord's obligation to provide accurate and detailed information about the property.
5. Include a clause regarding any potential changes or modifications to the agreement. This will ensure that both parties are aware of the process and requirements if adjustments need to be made.
6. Add a section for signatures at the end of the agreement. Each party should carefully read through the document and then sign and date it to indicate their acceptance and understanding of the terms outlined.
7. Keep a copy of the signed agreement for your records and provide a copy to the other party involved.

Who needs a sight unseen agreement:

1. Buyers or tenants who are unable to physically visit a property before making a decision may need a sight unseen agreement. This could be due to distance, time constraints, or other limitations.
2. Sellers or landlords who want to protect their interests and ensure that buyers or tenants fully understand and accept the condition of the property before finalizing a transaction may also need a sight unseen agreement.
3. Real estate agents or property management companies may use sight unseen agreements as a standard practice to facilitate remote transactions and protect all parties involved.

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What is sight unseen agreement?

A sight unseen agreement is a contract in which a buyer agrees to purchase a property without physically inspecting it.

Who is required to file sight unseen agreement?

Buyers who agree to purchase a property without physically inspecting it are required to file a sight unseen agreement.

How to fill out sight unseen agreement?

To fill out a sight unseen agreement, buyers typically need to provide their contact information, details of the property, purchase price, and any contingencies.

What is the purpose of sight unseen agreement?

The purpose of a sight unseen agreement is to legally bind the buyer to purchase the property even though they have not physically seen it.

What information must be reported on sight unseen agreement?

Information such as buyer's contact details, property details, purchase price, and any contingencies must be reported on a sight unseen agreement.