What is a real estate contract?

What is a real estate contract?

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1 answer

by jaylin.bartell , 10 months ago


A real estate contract is a legally binding agreement between two or more parties involved in a real estate transaction. It outlines the terms and conditions agreed upon for the sale, purchase, or lease of a property. This contract includes details such as the property's address and description, purchase price or rental amount, payment terms, closing date, contingencies, and responsibilities of each party involved. The contract ensures that both the buyer and the seller are legally protected and provides a framework for completing the transaction.