Buying real estate is one of the single largest investment you will make in your life-time. The dream of home ownership presents many challengess, as well as great enjoyment.

The purchase and sale agreement is the first legal document used in the process of buying or selling of real property and should be drawn to protect your interests. A poorly drawn or disadvantageous purchase and sale agreement often eliminateds the protection you would have bargained for and may jeoppardize your peace of mind, as well as causing harm to your pocketbooks.

A purchase and sale agreement is a legally binding contract between two parties in order to facilitate the transfer of ownership in real property. Real estate is unique and needs a specially tailored agreement for each property.

The purhase and sale contract generally sets forth the full rights and duties between buyers & sellers and sets the time for performance. There are many issues that are crucial in the contract. All of the issues that are incorporated should be included in the original offer to purchase. Once included in the offer to purchase they are then reduced to the final writing(the purchase and sale agreement) which will allow for the buyer to have substaintial protection in the event that an issue regarding one of these matters arises.