Agreement of Sale in PA Real Estate: Buyer's & Seller's Guide
The contract that controls a real estate sale — and the terms that matter most.
What is an agreement of sale?
An agreement of sale is the binding contract that governs the purchase and sale of real estate. It sets the price, the deposit, the contingencies, the closing date, and each side's obligations — and once signed, it controls the deal. Everything that happens between contract and closing flows from it.
Key terms to get right
The provisions that matter most include the earnest money deposit and what happens to it, the contingencies that let a buyer walk away, the seller's disclosure obligations, who pays which closing costs, and the remedies if one side defaults. Vague or missing terms here are where disputes start.
Why review it before signing
Standard forms are written to move a deal, not to protect a particular party. Reviewing and negotiating the agreement before signing — especially for a commercial or investment property — is far cheaper than litigating a term after closing.
How Nochumson P.C. helps
Nochumson P.C. reviews and negotiates agreements of sale for buyers, sellers, and investors across Pennsylvania. Contact us before you sign.
Related articles:
- Purchase & Sale Agreements: Commercial Deal Terms
- Contingencies in a Real Estate Contract
- Earnest Money Deposits: Rules & Risks
- Closing Costs in Pennsylvania
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