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Updated over 6 years ago,
Assignment of Contract/ Purchase-Sale Contract
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!