The Washington Residential Purchase and Sale Agreement is used when an offer to purchase real estate is made. The agreement initiates the negotiation process by indicating the buyer`s proposal to acquire the property. The offer includes the purchase price requested and other conditions set by the buyer. The seller has a set period of time during which he can respond to the offer before it expires. During this period, the seller may modify the conditions by submitting a counter-offer to the buyer. If both parties reach an agreement on the terms of purchase, they can sign the document in order to create a legally binding obligation to transfer ownership of the property. The standard contracting parties to the purchase and sale of immovable property, hereinafter referred to as buyers, and hereinafter referred to as sellers, agree that the seller will sell the following real estate and that the buyer will purchase, with the corresponding improvements. If you are selling your own home, it is possible to do so without a real estate agent. Our lawyers can design or verify your purchase and sale agreement in Washington State so that you understand what you are getting into. Our lawyers are here to answer any questions you may have throughout the transaction. Within five (5) business days of entering into the agreement, seller must provide buyer with a seller`s disclosure statement detailing the condition of the property. Upon acceptance of the disclosure, Buyer has three (3) business days to proceed with the purchase or cancel the Offer. If the buyer cancels the purchase, he must inform the seller in writing within three (3) working days.
The buyer`s failure to inform the seller within the specified period constitutes the buyer`s acceptance of the contract. Seller`s Disclosure Statement (§ 64.06.030 & § 64.06.020) - A statement that describes the condition of the property. Seller must make the declaration available to Buyer for purchase within five (5) business days of entering into a mutual agreement. We use all standard MLS forms when designing your purchase and sale contract, we make sure that you understand the pros and cons of different contingencies and additions and that you accompany them every step of the way. Form No. 462r 20062008 Washington Legal Blank Portland, or .wlbforms.com owner of EO sales contract and receipts of serious money (suitable for new construction; not suitable for real estate transactions in difficulty) (buyer) a. Offer: offer(s) to. We charge a flat fee of 1,595 $US to represent either the buyer or the seller of the agreement until conclusion. If you need help creating or revising a contract to buy and sell real estate in Washington State or need help at any time during your transaction, contact us today. The Washington Commercial Real Estate Purchase and Sale Agreement is a contract between a buyer and a seller that sets out the terms for the purchase of commercial property. These conditions cover all aspects of the buyer`s offer, including the purchase amount, desired closing and completion dates, financing conditions, contingencies and the deposit of serious money (normally 1-2%). After the seller reviews the offer, he has several possibilities: accept the proposal, submit a counter-offer or reject the offer altogether.
Real estate offers usually include an expiration date, so the time to negotiate the conditions is essential. State of Washington Public OffenlegungsKommission 711 Capitol Way rm. . . .