Please confirm full legal name spelling and your current address
Confirm the Unit information is correct including the percentage interest in the common areas and the exclusive use areas.
Carefully review the inclusions/exclusions of items the Sellers will leave or remove from the Unit.
The Seller represents the Unit will not be in any title violation and is a legal MA residential condominium
Confirm the Purchase price, offer deposit and Purchase & Sale deposit. Please make sure the funds are available on the Purchase & Sale signing date.
The Seller represents that any vacant Unit will be in broom clean condition
All of the adjustments for the premises including taxes, water/sewer, condo fees, etc. will be apportioned at closing on a per diem basis.
If you are applying for a mortgage, the amount is referenced and you have until the identified mortgage commitment date to obtain a firm mortgage commitment letter.
Seller will obtain a smoke/co certificate from the town or City.
Seller will deliver to Touchstone Closing a 6(d) certificate stating there are no past or current due condominium fees.
Any formal notices given between you and the Seller will be done so between attorneys.
You have access for measuring or visiting the Unit, but you must schedule through the brokers.
You are buying the Unit “as is” = no repairs or warranties but house must be in the same condition as it was during the inspection before you take possession.
If there are any adjustments which are found to be incorrect, the Seller will remedy.
The condo fee is referenced in the agreement, and most often, the Seller is unaware of any outstanding or pending assessments.
Seller must make us aware if any of the representations in this Agreement change and if they are material in nature and cannot be remedied prior to closing you could cancel the deal and be refunded any and all deposits.
Here are some helpful bullet points of reference during review of your Purchase & Sale Agreement
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Written by Jack O'Donohue
Updated over a week ago