Purchase & Sale Agreements: Clauses Buyers Should Understand
Key Massachusetts P&S concepts buyers should understand before deadlines, deposits, financing, and inspection issues become stressful.
Written byClifford A. Monac
Massachusetts attorney engaged in real estate and general practice since 1983.
Reviewed forGeneral legal information
Attorney advertising. Informational only; not legal advice.
Key takeaways
Call early, before deadlines and documents create pressure.
Understand whether your next step belongs with an attorney, broker, lender, inspector, or another professional.
Use the first call to get oriented before you sign or commit money.
What to know first
The purchase and sale agreement is more than a form. It controls important deadlines, rights, remedies, and obligations for the buyer and seller. Small wording differences can matter if the transaction becomes complicated.
How the right team fits together
Buyers should understand financing contingencies, inspection language, title obligations, closing date mechanics, deposit risk, and any special riders. Sellers should understand what they are promising to deliver and when.
Practical point: the right professional depends on the stage of the transaction. A short first call can prevent a buyer from starting with the wrong person.
Start with a clear first call. Cliff can help you understand the process and connect you with the right professional when a referral or handoff makes sense.
