PURCHASE AGREEMENT AND ESCROW INSTRUCTIONS

Question 1

In Paragraph 1: ‘Basic Offer’ of a purchase agreement and escrow instructions. What is in Sub Para 1A?

Answer 1

Sub Para 1A just shows who the buyer or buyers are

Question 2

In Paragraph 1: ‘Basic Offer’ of a purchase agreement with escrow instructions. What is in Sub Para 1B?

Answer 2

description of prop by addy, legal description, parcel number and city and county in which the prop is located.

Question 3

In Paragraph 1: ‘Basic Offer’ of a purchase agreement with escrow instructions. What is in Sub Para C?

Answer 3

The purchase price

Question 4

In Paragraph 1: ‘Basic Offer’ of a purchase agreement with escrow instructions. What is in Sub Para D?

Answer 4

The time needed to close and to complete escrow

Question 5

In Paragraph 2: ‘Agency’ of a purchase agreement with escrow instructions. What is in this paragraph?

Answer 5

In this paragraph you can find the agency disclosure, the agency relations selected and confirmed, and the statement on whether multiple representations can occur.

Question 6

In Paragraph 3: ‘Finance Terms’ of a purchase agreement with escrow instructions. What is the gist of this section?

Answer 6

Buyer confirms that the funds will be good once deposited in escrow