A real estate purchase agreement is a document used in property transactions. It serves as a binding contract between buyer and seller, detailing all the essential terms and conditions of the sale ...

It's generally accepted good law that, in order to create a valid contract for the purchase and sale of real property, the agreed-upon terms must include, at a minimum, the identity of the parties, ...

A buyer can back out of a home purchase even after signing a contract if all agreed-upon contingencies are not met. Common reasons for buyers to back out include issues revealed during a home ...

Throughout the home buying process, you face numerous decisions, including which contingencies to add to your home purchase contract. Contingencies are basically clauses or stipulations in a real ...

“The rising cancellations are being fueled by a range of factors, including uncertainty regarding the economy. More buyers ...

Question: We signed the standard Arizona Association of Realtors purchase contract to buy a home in Glendale. We deposited $12,000 earnest money. The seller, however, didn’t disclose that there was a ...

LOS ANGELES (AP) — The latest sign of trouble in the U.S. housing market: A pickup in home purchase agreements falling through before they’re finalized. Some 6% of pending contracts to buy a home were ...

Question: We live on the East Coast. In February 2020, we signed a homebuilder’s purchase contract to buy a new home in North Phoenix. We deposited $50,000 earnest money. Under the purchase contract, ...

The Consumer Financial Protection Bureau is cracking down on contract-for-deed home financing deals by requiring that sellers disclose financing costs, assess a borrower's ability to repay and abide ...

Potential homebuyers are canceling their purchase agreements at a record rate, according to Redfin, which first started tracking this trend in 2017. According to their data, more than 15% of homes ...