How to Read a Property Purchase Agreement Like a Pro
Buying property can be a time consuming and stressful task. However, with the right knowledge of all the legal terms in purchase agreements, you can go through it in the blink of an eye. As a novice investor, you have to be aware of what is essential to look at in a property sale agreement. Ravi Goenka, an advocate at Goenka Law Associates, warns that the property purchase agreement is a contract that highlights a lot of crucial decisions you have to consider to close the deal, including timing, price, and conditions.
A purchase agreement has to identify the buyer and seller in writing. Information on the address, tax identification, and lot number of the home are also included…