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Updated almost 8 years ago on . Most recent reply

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Jonathan Kramer
  • Johnstown, PA
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15
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Standard agreement for the sale of real estate

Jonathan Kramer
  • Johnstown, PA
Posted
I have the form from Pennsylvania association of realtors for buying a property, its 20 pages long. honestly, I don't understand a lot of it. Who can I go to explain these documents. An attorney? Also, how much do you think it will cost. Thank you

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Barry DeGroot
  • Lender
  • Jamison, PA
14
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13
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Barry DeGroot
  • Lender
  • Jamison, PA
Replied

Being a PA attorney and broker, I am very familiar with the PAR form. While it is true that there is a lot of language that applies where brokers are involved, there is also a lot of good language and time-frame flows designed for the buyer and seller as well. It is however, bulky as it is designed to cover multiple types of transactions. I agree with the above, that a Realtor could give you some great insight. Another option is that there are You Tube videos out there where PA agents have given short tutorials on the agreement. Putting my "disclaimer" hat on though, it is still a contract and to the extent you do not feel 100% comfortable with it, you should consider consulting local counsel to either review it, or as suggested, draft one for you. Best of luck!

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