Agreement of Sale
When the time comes for you to sell your property, both you and the buyer (Fair House Offer) will have to come to an agreement.
The major component of the sale that both you and the Fair House Offer will have to agree on is the purchase price. On a smaller scale, you both must come to an agreement on the terms such as what stays and what goes, and any minor work the property may need, etc.
Once you and the buyer have come to an agreement, you will both be required to sign the agreement of sale, which our attorney has drawn up. You should go over the entire contract and make sure understand all of its terms before you sign the actual paper work.
Once the agreement of sale is signed, it will be forwarded to the necessary attorney and/or title company to they can start the title work necessary to ensure a legitimate purchase.
An agreement of sale is defined as follows:
A written signed agreement between the seller and the buyer in which the buyer agrees to purchase certain real estate and the seller agrees to sell upon terms of the agreement. Also known as contract of purchase, purchase agreement, offer and acceptance, earnest money contract or sales agreement.
