PURCHASE AND SALE AGREEMENT ISSUES

The third important item is the date on which the Purchase and Sale Agreement will be signed. For the home Buyer, it is important to allow enough time to take care of important tasks such as performing a home inspection and arranging for mortgage financing. This period of time, however, should not be so long that it harms the home Seller if the deal does not ultimately close since the Seller will need to place the property back on the market. The recommended time period in most instances is about 7-10 days.