Purchase and sales agreement timeline Oregon
Preparing the Agreement
- Collect copies of any relevant documents such as property surveys, title reports, and inspection reports.
- Compile all information necessary for the agreement, such as the property address, purchase price, and closing date.
- Identify the buyer and seller by their full legal names.
- Include any additional parties involved, such as real estate agents or attorneys.
- Specify the purchase price and method of payment, including any contingencies or financing arrangements.
- Outline the closing date, possession date, and any other important dates or deadlines.
- Include any specific terms or conditions agreed upon by the parties, such as repairs or seller concessions.
- Use a standard template or create a customized agreement using appropriate legal language.
- Include all necessary details, such as property description, purchase price, and contingencies.
- Ensure the agreement is clear, concise, and accurately reflects the terms agreed upon.
- Include spaces for all parties to sign and date the agreement.
- Consult with an attorney to review the agreement for legal compliance and to address any concerns or questions.
- Make any necessary revisions or amendments based on legal advice.
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