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A real estate deal can take a turn for the worst if the contract is not carefully written to include all the legal stipulations for both the buyer and seller. You can write your own real estate purchase agreement without paying any money as long as you include certain specifics about your home.
Who Prepares The Real Estate Purchase Agreement? Typically, the buyer's agent writes up the purchase agreement. However, unless they are legally licensed to practice law, real estate agents generally can't create their own legal contracts.
Real estate contracts are typically bilateral contracts (i. e., agreed to by two parties) and should have the legal requirements specified by contract law in general and should also be in writing to be enforceable.
A Residential Service Contract is a policy that covers repair and replacement costs for home systems and appliances that face mechanical breakdowns resulting from normal wear and tear. This service contract is optional for homeowners and frequently called a home warranty or home service contract.