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The Anatomy Of A Perfect Real Estate Purchase Agreement

August 18, 2017

Are you a new investor who gets confused by the legal mumbo jumbo that is sprinkled throughout different real estate contracts? Have you ever found yourself asking, “what does this real estate purchase agreement even mean?” If yes, you are not alone! With so many real estate contracts investors have to deal with – from assignment contracts to deeds of trust, to the power of attorneys – it can be difficult to keep it all straight. However, the most common (and arguably most important) contract of them all is the real estate purchase agreement. This contract is used during any real estate buying or selling transaction.  According to The Balance, a purchase agreement is a “binding, bilateral agreement between two or more parties with legal capacity for the purchase, exchange or other conveyance of real property.”

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