Mississippi Residential Real Estate Purchase and Sale Agreement
A residential real estate purchase and sale agreement is used in Mississippi to submit an offer to buy a residential property from a potential buyer. The written agreement should include a description of the buyer’s finances to ensure they can fulfill their payment, with a date when the offer will expire if it is not accepted. During this period, the seller may counteroffer, and the purchaser may have the real estate professionally inspected. Once both parties sign the agreement, it becomes legally binding.