Massachusetts Residential Real Estate Purchase and Sale Agreement
In Massachusetts, a purchase agreement is a legal document that establishes a real estate transaction between a buyer and a seller. The buyer initiates the agreement by submitting their offer to the seller, and the agreement should clearly state all the terms of the sale. The seller then has the option to accept, reject, or counter the offer.
When all parties agree to the terms, the buyer must pay an earnest money deposit and start the due diligence process to close the deal within the specified timeframe in the agreement.