Annotate Legal Massachusetts Option To Purchase Forms For Free

It depends on who sends the agreed-upon offer. Typically, the buyer starts by sending a signed PSA to the seller. If the seller accepts the terms, they will sign it. If the seller counteroffers, they will sign the counteroffer and send it to the buyer.

The Massachusetts Purchase and Sale Agreement (?P&S?) The P&S is the binding, legal contract that controls a residential real estate purchases in Massachusetts. There are two main P&S forms used in Massachusetts. The Massachusetts Association of Realtors (?MAR?) Standard Purchase and Sale Agreement (With Contingencies)

Seller- The Buyer will sign the P&S first. Once the Buyer has signed the P&S, the listing agent will send the P&S to the Seller for electronic signature. The listing agent also will let the Seller know when in receipt of the Buyer's deposit check.

A purchase & sale agreement (P&S) is a legal document prepared and agreed to by attorneys representing both the buyer and seller in the home purchase transaction. The P&S is signed by both the buyer and seller, and will include final sale price and all terms of the purchase.

Generally, any purchase agreement should outline the following: the parties involved in the transaction, a description of the underlying asset, how liabilities associated with the asset will be distributed between the parties, and any warranties or guarantees that the parties wish to make.

A purchase and sale agreement is used to document the parties' intentions and the terms they have agreed will govern the transaction. You can include specific terms like the product or property, the price of the product or property, conditions for the delivery of the product, and the date of product delivery.