BUY A HOME

STEP 9

STEP 9

Sign P&S and Make a Second Deposit

 

The purchase and sale agreement (P&S) outlines the terms of the sale. Your attorney will review and negotiate any important terms. The attorney and your agent will ensure you understand and are comfortable with the document. At this point, you'll sign and make a second deposit, typically 5% of the purchase price. Once this is signed by both buyer and seller, then both parties are legally committed to the sale.