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This document is a legally binding Offer to Purchase real estate, outlining terms for buyers and sellers in Massachusetts, including contingencies and payment details.
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What is offer to purchase?
An offer to purchase is a legal document that outlines the terms under which a buyer proposes to buy a property from a seller. It typically includes the purchase price, deposit, contingencies, and other relevant conditions.
Who is required to file offer to purchase?
The buyer or the buyer's agent is usually required to file the offer to purchase when initiating a transaction for real estate.
How to fill out offer to purchase?
To fill out an offer to purchase, individuals should provide the property's details, specify the purchase price, attach any contingencies, include earnest money provisions, and both parties should sign and date the document.
What is the purpose of offer to purchase?
The purpose of an offer to purchase is to formally express the buyer's intent to buy the property under specified terms and conditions and to initiate negotiations between the buyer and seller.
What information must be reported on offer to purchase?
An offer to purchase must typically report information including the buyer’s and seller’s names, property description, purchase price, deposit amount, payment methods, contingencies, and any conditions for sale.
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