Purchase and Sale Agreement
Sign the more comprehensive "P&S." This includes the inspection, financing, and closing dates. You will give an additional deposit when the P & S is signed. The lender will order the appraisal, which is a professional third-party opinion of the value of the property based heavily on what similar properties in the area have sold for in the past six months.
Residential P & S: Condominium P & S: Land P & S:
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