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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.

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.

Selling a house as-is means you are offering the property in its current condition, without making any repairs or improvements. Buyers are accepting the property with all its known or unknown issues, relieving the seller of any responsibility for fixing or disclosing those issues.

NOW, THEREFORE, the parties hereby agree as follows: 1) Purchase. The Seller agrees to sell, and the Institution agrees to buy, the Collection for a total purchase price of __________ (?Purchase Price?).

Although there are multiple types of listing agreements, an Exclusive Right to Sell is the most conventional choice for Michigan brokers. This agreement gives the real estate agent the right to list, market, and sell the property without intervention from any third party.

At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.