Category: Pennsylvania Agreement of Sale

Section 3 outlines the purchase price and the structure of the buyer’s funds. This includes the total purchase price, the deposit amount, and the timing of those funds. While price is important, sellers often evaluate how the deposit is presented to assess the strength of an offer. Timing and structure can influence confidence and negotiation.…

Section 2 of the Agreement of Sale identifies the property being conveyed. This includes the address and legal description of the home. This section ensures there is no ambiguity about what the buyer is purchasing. It is particularly important for properties with multiple units, shared driveways, or complex lot lines. Clear property identification protects both…

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…