Buying a home or other property is probably one of the most significant and complex purchases you will ever make, but an experienced Real Estate Attorney can walk you through the process and ensure that you are protected by having all of your documents in order, including the real estate purchase and sale agreement, which needs to be signed by both the buyer and the seller.
A purchase and sale agreement (PSA) is a legally binding document that lists all the agreed-upon terms of the sale and the intentions of both the buyer and the seller. It is sometimes called the purchase and sales contract. A PSA can be used in other sales transactions, such as purchasing a vehicle or company stock, or when purchasing expensive or large volumes of materials over time.
Every PSA is unique; however, the following information is typically included in most:
While a PSA is legally binding, some things can be negotiated even after both parties have signed it. For example, if a home inspection reveals a major issue or the parties want to change the closing date.
An experienced real estate law firm like Bingaman Hess can help you avoid costly mistakes in a real estate transaction. Our lawyers help you understand your obligations and potential costs, assist you with paperwork, avoid disputes, and proactively address potential real estate issues.
Avoid costly mistakes by calling us at 610.374.8377 or contact us online.
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610.374.8377
2601 N. Front Street
Suite 206
Harrisburg, PA 17110
610.374.8377
12-14 West Northampton Street,
Suite 7
Wilkes-Barre, PA 18701
We have been providing exceptional service, advice, and representation to clients for more than 60 years.
Serving Berks, Lehigh, Northampton, Bucks, Montgomery, Philadelphia, Chester, Delaware, Lancaster, Lebanon, Dauphin, Schuylkill, York, Carbon, Luzerne, Monroe, Columbia and Northumberland counties
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