Fill Now Click to fill, edit and sign this form now! Show The California residential purchase and sale agreement is a legally binding real estate contract that establishes key terms and conditions of a property transaction between a buyer and a seller. Before the terms and conditions can be properly defined, the buyer and seller will negotiate all aspects of the transaction until they are satisfied with the overall outline of the arrangement. The parties will negotiate the purchase price, earnest money, the type of financing, costs for inspections and reports, closing date and terms, and any contingencies that must be met in order for the sale to go through. Only when the parties can fully agree on the terms will they both sign the document. Realtor VersionDownload: Adobe PDF
What is a California Residential purchase agreement?A California residential purchase and sale agreement is a contract between a buyer that agrees to purchase real estate from a seller for an agreed-upon sales price. All terms and contingencies related to the sale must be included in the same agreement.
What paragraph in the California Residential purchase agreement sets out the specific instructions to the escrow holder?The words "and Joint Escrow Instructions" reflect that the form includes an instruction to the escrow holder by both the buyer and the seller (see paragraph 28) and includes space for the escrow holder to sign for receipt of the document (see page 8 of the contract).
What is a joint escrow agreement?Joint Escrow Instructions means a letter executed by Seller and Buyer to the Closing Agent confirming that all conditions to Closing have been satisfied or waived by the parties.
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