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Updated over 6 years ago on . Most recent reply

User Stats

14
Posts
1
Votes
Carla M Richardson
  • Philadelphia, PA
1
Votes |
14
Posts

Assignment of Contract/ Purchase-Sale Contract

Carla M Richardson
  • Philadelphia, PA
Posted

Hello BP Community:

I need some clarity as to what all goes into an assignment of contract and a Purchase-Sale contract. Section by section.

Also any personal experiences on strategies used during closing would be great.

So far I've learned about:

What it means to sell "AS-IS" therefore stating the cost of repairs would be at the buyer's discretion.

Also, including the cost of transfer on the seller and buyer, respectively (especially with PA's transfer tax law).

I also understand getting both agreements notarized is wise.

If there's anything else that I should be aware of, please let me know.

Thank you in advance for all your insights!

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