Buying Your First Home : Part 4
The Agreement to Purchase a Home
For many homebuyers, purchasing a home (especially a first home) can be a complicated, confusing and sometimes frightening matter, so understanding your rights and obligations as a Buyer as well as those of the Seller in advance are important.
To begin, make sure that you’re pre-approved for a loan before you sign a Purchase Agreement. In the following section, you’ll learn more about the real estate purchase contract. A proper sales contract should contain the provisions listed below, but keep in mind that this is only a guide covering the major components. Other terms and conditions may be involved.