This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Massachusetts Mobile Home Purchase Agreement
Category:
State:
Multi-State
Control #:
US-02474BG
Format:
Word;
PDF;
Rich Text
Instant download
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How to fill out Mobile Home Purchase Agreement?
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FAQ
The Massachusetts Purchase and Sale Agreement is a legally binding document that covers all aspects of the real estate transaction. It includes sections on the property description, purchase price, financing, closing date, and a range of other provisions that must be agreed upon by both the buyer and seller.
A description of the property; The agreed-upon sales price, which is usually made in the offer to purchase; The amount of earnest money given by the buyer and the down payment; Date, time, and place of the closing; and.
After you have an accepted offer 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.
Be sure to include at least the following information: Mobile home description, including VIN, serial number, make, model, and year. Buyer and seller names, addresses and contact information. Sale date. Sale price, including any taxes. Sale conditions and terms, including warranties or ?as is? status.
The seller's agent or attorney will draft the Purchase and Sale Agreement (P&S). This is the more binding legal document that is the official contract to purchase the home.
64H, § 2. The Supreme Judicial Court held that if a mobile home acquires the characteristics of a conventional home, the mobile home ceases to be tangible personal property and becomes real estate.
Who signs the P&S first? The tradition and custom in Eastern Massachusetts is for the Buyer to sign it first. Legally speaking, this may not matter as it is not a valid contract until both parties sign.
There is no requirement that you hire a real estate lawyer in Massachusetts. But when selling a large asset, having proper legal protection and guidance is recommended. Typically, the buyer will have an attorney and the seller of a house should also have legal representation.
