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Who Signs the Contract When Selling a House

2021年12月15日

When it comes to selling a house, a lot of work needs to be done to ensure a smooth and successful transaction. One of the key steps in the process is signing the contract. But who exactly signs the contract when selling a house?

In most cases, the contract is signed by the seller or the seller`s authorized representative. This could be a real estate agent or attorney who has been hired to handle the sale on behalf of the seller. The seller is responsible for providing accurate and complete information about the property, including any known defects or issues.

On the other hand, the buyer will also need to sign the contract once they have agreed to purchase the property. This is typically done after the seller accepts the buyer`s offer and all other terms and conditions have been agreed upon. The buyer`s signature indicates that they have read and understand the terms of the contract and are committed to purchasing the property.

It`s important to note that the contract is a legally binding agreement between the buyer and seller. It outlines the terms of the sale, including the purchase price, closing date, and any contingencies or conditions that must be met before the sale can be completed. Both parties should review the contract carefully before signing to ensure that all terms are accurate and fair.

In addition to the buyer and seller, there may be other parties involved in the contract signing process. For example, a lender may require the seller to sign a document known as a “payoff authorization” which allows the lender to collect the remaining balance on the mortgage loan. The title company may also require the signatures of both parties to transfer ownership of the property.

In conclusion, the seller or their authorized representative typically signs the contract when selling a house, while the buyer signs once they have agreed to purchase the property. However, other parties such as lenders and title companies may also require signatures depending on the specific circumstances of the sale. As always, it`s important to consult with a qualified real estate professional to ensure a smooth and successful transaction.

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