Who Needs to Sign the Purchase Agreement on a Home in Texas?
When you go to sell your home in Texas, there is an official document that needs to be signed by both the seller and the buyer. This document is called a purchase agreement, and it outlines all of the important details of the transaction, such as price, closing date, and any contingencies. It’s important that you understand who needs to sign this agreement before you put your home on the market.
The Buyer’s Signature
In Texas, the buyer must sign a purchase agreement in order for it to be legally binding. The signature can either be made personally or through their attorney. The signature indicates that they agree to buy the property under all of its conditions as stated in the contract. It also confirms that they understand any potential risks associated with purchasing real estate in Texas.
The Seller’s Signature
The seller must also sign a purchase agreement when selling their home in Texas. The signature indicates that they are agreeing to all terms listed in the agreement and are ready to transfer ownership of their property to the buyer upon completion of the sale. It’s important for sellers to make sure they understand what they are signing and any potential risks associated with selling real estate before signing a purchase agreement.
Additional Signatures
In some cases, additional signatures may be required on a purchase agreement depending on how many parties are involved in the transaction and whether or not financing is involved. If the owner on title of the property being sold is married then both spouses will need to sign off on the sale.
When selling your home in Texas it’s important that you have an understanding of who needs to sign off on a purchase agreement before putting your house up for sale. Generally speaking, both buyers and sellers must sign off on purchase agreements for them to be legally binding—however, additional signatures may be required depending on other factors involved with your specific transaction. Be sure you have thoroughly reviewed your purchase agreement before signing anything so you fully understand what you are agreeing too!
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