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The agreement to sell and purchase a property is the first legal document used in the process of buying a home. A buyer or her agent writes the agreement initially and submits it to the seller or his agent for consideration, rejection, or counteroffer. This process can take as little as 24 hours or perhaps months. The time the offer expires must be carefully considered. Decisions are often made quickly. Here's a listing of what information is normally included in the sales agreement.

o The seller or his agent's name and telephone number
o The buyer's name, address, telephone number, and place of employment
o The date the agreement is written
o The physical address of the subject property
o The size of the property
o The purchase offer amount
o The amount of cash paid at the act of sale
o The type of loan or means of payment the buyer plans on utilizing
o The number of days the buyer has to formally apply for the loan once the agreement is signed by both parties
o A statement that the sale would be based on the proper working condition of all appliances, heating and cooling, plumbing, electrical and telephone systems
o A statement that the sale would be based on the approval of a property inspector
o A statement that the sale would be based on a termite inspection
o A statement that the sale would be based on a final walk-through of the property by the buyer immediately before the closing meeting
o Whether a home service plan or warranty would be included in the agreement
o Any other conditions of the sale, including other amenities that are not normally included in the sale of property, such as an above-ground swimming pool, tree house, plants or light fixtures
o The date the agreement would be finalized
o The date and time the buyer would be able to move into the home
o The amount of earnest money the buyer agrees to pay at the time the sales agreement is finalized
o The date and time the offer remains binding and irrevocable
o The signature of the buyer
o Any counteroffer information supplied by the seller
o The date and time the seller's counteroffer remains binding and irrevocable
o The acceptance signature of the buyer


The written offer may contain any clauses you think are necessary. You have every right to make whatever kind of offer you'd like to make and under any conditions. Most home buyers simply fill out a standard purchase agreement form provided by your state. But many create their own agreements to suit their needs.