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Massachusetts Offer to Purchase Review Checklist
Massachusetts Offer to Purchase Review Checklist

Common offer terms and conditions to review prior to signing.

Jack O'Donohue avatar
Written by Jack O'Donohue
Updated over 11 months ago

To enhance the clarity and comprehensiveness of your Massachusetts Offer to Purchase checklist, consider the following improvements:

1. Verify the Spelling of Full Legal Names and Current Address:

- Ensure the accuracy of the full legal names of all parties involved, as they appear on official documents.

- Confirm the current residential address for correspondence and legal notices.

2. Detailed Review of Inclusions and Exclusions:

- Thoroughly examine the list of items included or excluded from the sale (such as appliances, fixtures, etc.) to avoid any misunderstandings.

3. Confirmation of Financial Details:

- Verify the agreed-upon purchase price.

- Confirm the amount and availability of funds for the initial offer deposit.

- Check the amount required for the Purchase & Sale (P&S) deposit and ensure its availability on the P&S signing date.

4. Mortgage Application and Commitment:

- If you are securing a mortgage, ensure the loan amount is correctly referenced in the agreement.

- Adhere to the specified deadline for obtaining a firm mortgage commitment letter from your lender.

5. Finalize the Closing Date:

- Confirm the scheduled date for the closing of the transaction, allowing adequate time for all necessary preparations.

By attentively addressing each of these points, you can help ensure a smooth and efficient transaction process.

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