Home  FAQs What?s the difference between an Offer and a Purchase & Sale?
|
|
What?s the difference between an Offer and a Purchase & Sale? |
|
|
|
|
Friday, 09 June 2006 |
|
The Offer is the legal document, which is signed by both parties when a buyer and seller agree on the initial terms of the sale. The Purchase and Sale is a more detailed, lengthy legal document, which is often executed after certain contingencies (such as inspection) have been completed. When either document is signed by both the buyer and seller, they constitute a legally binding agreement. Be sure to consult with your attorney before signing any legal documents.
|
|
