A well drawn out homebuying purchasing contract protects both the buyer and a seller in the homebuying process!

Make sure your contract includes the following:

1. The offering price
2. Down payment
3. Legal description of the property
4. Method of conveying the title
5. Fees to be paid and who will pay them
6. Amount of deposit
7. Conditions under which the seller and buyer can void the contract
8. The settlement date
9. Financing arrangements
10. A list of appliances, furnishings and personal property being sold with the home

It is important to protect yourself throughout the home-buying process and a well, drawn out contract is the best way! Want more tips on the homebuying process?

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