KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER MASSACHUSETTS LAW -
I. STANDARD FORMS OF AGREEMENTS -
A. Offer to Purchase sets forth buyer’s offer of price, date for closing, contingencies for inspections, financing etc. and date for signing a formal purchase and sale agreement. Seller may accept or reject.
B. Purchase and Sale Agreement sets forth the complete terms of the purchase and sale. C. Note: In Massachusetts an Offer to Purchase may be enforced as a binding contract even if it contemplates the execution of a Purchase and Sale Agreement....
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