House Sale & Purchase Agreement

Video Transcript

"This is Dan Kelly with Keller Williams Realty here in Miami Shores, Florida. I'm with the Kelly White Team, and today we're going to tell you how to buy a house. Okay, now we're at the residential sale and purchase contract. This is a big thick contract that looks a little intimidating, but it really isn't. All it's asking is the sale and purchase price. Your realtor's going to fill all out for you. All you're going to have to do is sign on the dotted line. What it is is your purchases price, it's going to talk about your deposit. It's going to talk about your financing, which we're going to get to in a later clip. We're going to talk about the address, the folio number, the legal description, a lot of legal what-not, but your realtor's going to go over it with you. This contract is basically here to protect you. It's to protect your buyer against unforeseen things happening like the inspection not coming back or the deposits being returned to you if those inspections don't turn out. So all it is it's really here. This is your friend. This is here to protect you so your realtor will go over. It's about 12 pages, but he'll go over it with you if you have any questions. If you're a first time buyer, read it. A lot of people just sign, sign, sign. Read it because you can educate yourself."