Section 1 of the Pennsylvania Agreement of Sale identifies the buyer and the seller involved in the transaction. While this section appears straightforward, accuracy is critical.
The names listed must match legal ownership exactly. This becomes especially important when properties are owned by estates, trusts, or multiple parties. Small discrepancies can lead to delays, title issues, or complications at settlement.
This section establishes who is legally bound by the contract. Getting it right from the start helps prevent problems later in the transaction.
This information is for educational purposes only and is not legal advice.