Profile picture for lemastersjustin

what is a purchase agreement

  • October 13 2013 - US
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (3)

A purchase agreement is a type of legal document outlining the different conditions and terms that are related to the sale of good, or in this case a home.  It creates a legally binding contract between the buyer and the seller. I hope this helps, if you have any further questions or if you would like a loan, feel free to contact me!

Good Luck!
  • October 14 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for lemastersjustin
I see, i thought that was the just of it. Mahalo!
  • October 13 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Aloha!

The purchase agreement is the same as a purchase contract. Simply put, it is the written agreement for one person to buy real property from someone else. 

There is a detailed explanation of all the things you should look for in a purchase contract on the "Buying Process" page here: http://www.zillow.com/wikipages/Real-Estate-Purchase-Contract-Essentials/

  • October 13 2013
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.