![]() Including a time frame requesting a response within 48 hours. The seller has the right to accept the offer, make a counter offer or deny the offer. What is a residential purchase contract?Ī residential purchase contract is a legal document that provides the seller with a written notice that you are interested in the purchase of his property. With a conventional sale, there is usually room for negotiations regarding payment for repairs. What is an as is residental contract for sale and purchase?Īn "as-is" residential contract for sale and purchase is a contract a buyer and seller sign that stipulates that the seller will not pay for any repairs. It can include a variety of specifics related to the transaction, including price, settlement, property details, option to terminate, and lead-based paint disclosure. Frequently Asked Questions What is the residential purchase agreement rpa?Ī residential purchase agreement (RPA) is a basic document outlining the details of a real estate purchase between a buyer and a seller. ![]()
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