Purchase and sale agreement vs. Agreement to purchase
Hi,
I am a newbie and have 2 quick questions re: assignments
1. I see that a lot of people in these forums always say make sure that you add the words "and/or assigns" after your name, but I see on both of these contracts that this wording is already there where the Buyer puts his/her name. Is everyone talking about after your signature? Also, is 1 agreement better to use than the other? Why?
2. In the agreement to purchase (page 2), it talks about the amount of the down payment. Do we as buyers/assignors leave this blank? Is the contract binding with only the earnest money deposited? What is typical amount of earnest money put down?
Hi,
I am a newbie and have 2 quick questions re: assignments
1. I see that a lot of people in these forums always say make sure that you add the words "and/or assigns" after your name, but I see on both of these contracts that this wording is already there where the Buyer puts his/her name. Is everyone talking about after your signature? Also, is 1 agreement better to use than the other? Why?
2. In the agreement to purchase (page 2), it talks about the amount of the down payment. Do we as buyers/assignors leave this blank? Is the contract binding with only the earnest money deposited? What is typical amount of earnest money put down?
Anyone's help would be greatly appreciated.
Thx,
Neil
Thx,
Neil