Other names for this document:
Review and Sign
You should review your completed agreement in detail and make any needed edits prior to signing. While many states only require a single notary to act as a witness, you must use two witnesses for agreements concerning properties in Connecticut, Florida, Louisiana, and South Carolina. Some lenders may still require additional witnesses. Witnesses must be at least 18 years old, hold no interest in the transaction, and have no blood relation to the parties. Note that if a seller’s spouse is not also joining the agreement as a seller, then the spouse must sign an acknowledgment agreeing not to make any claim of ownership to the property after the sale.
Standard party obligations include providing the following items:
A real estate purchase agreement helps you state all of the important details, including the full names of the parties, the location of the property, the purchase price, the closing date, mortgage and escrow specifications, and any other specific promises of the parties.
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