The West Michigan Regional Purchase Agreement Simplified

Standardized Legal Documents The West Michigan Regional Purchase Agreement Simplified

All About the West Michigan Regional Purchase Agreement

Buying or selling a piece of property in West Michigan cannot happen without signing a purchase agreement. Your options are to hire a lawyer, draft the agreement yourself, or download a purchase agreement template.

If you want to know more about drawing up a West Michigan regional purchase agreement, DoNotPay has the answers. We will also show you how to create other legal documents with a few simple clicks!

The West Michigan Regional Purchase Agreement in a Nutshell

A purchase agreement in West Michigan is commonly used for selling and buying real estate. It outlines the details of the transaction and obligations that both the buyer and the seller have to fulfill.


The process of buying real estate in Michigan typically starts with the buyer using the purchase agreement to submit their offer to the seller. The seller then reviews the offer and decides if they want to accept it, decline it, or present a counteroffer. After negotiating the terms like the price of the property and the ownership transfer date, the involved parties should sign the agreement to confirm their legal obligations. 

Terms and Conditions of the West Michigan Regional Purchase Agreement

A purchase agreement needs to include specific paragraphs. The lack of certain legal stipulations can create problems with the transaction. The table below gives you a detailed description of crucial West Michigan purchase agreement terms:

West Michigan Regional Purchase Agreement Sections

Details

Information on the parties and the property
  • Name and addresses of the seller and the buyer
  • Address and a clear description of the property
Price and terms
  • Offered price accepted by the seller
  • Payment methods, including:
    • Using an existing mortgage
    • Paying in full with cash
    • Issuing a down payment with cash and a new mortgage
  • Earnest money requirements
Closing date and costs
  • Date of closing the sale
  • Clause stating that any changes in closing must be in writing
  • Closing costs for the seller and the buyer
Real estate taxes Manner of prorating tax payments and other costs, including:

  • Fuel
  • Maintenance fees
  • Homeowners association fees
Items to be included or excluded from the sale Structures and fixtures attached to them, including:

  • Light and bathroom fixtures
  • Heating and cooling systems
  • Doors
  • Windows
  • Built-in kitchen appliances
Disclosures
  • Lead-based paint disclosure
  • Seller’s property disclosure statement
Contingencies
  • Home inspection
  • Property appraisal
  • Financing contingency
  • Title
Offer expiration Exact offer expiration date
Signatures Signatures of all involved parties

How To Create the West Michigan Regional Purchase Agreement

Some of the ways you can use to draft your contract are: 

  1. Hiring an attorney
  2. Writing a document from scratch
  3. Using an online contract template

Regardless of the method you choose, you should know what you are getting yourself into.

Draft the Agreement With a Lawyer’s Help

If you decide to hire an attorney, you will get a professionally drafted purchase agreement that includes all necessary sections. Bear in mind that lawyers charge heavily for their services. 

Drafting the Document Yourself

You can try creating the purchase agreement yourself. You don’t have to worry about using legal terms in your contract—any document written in simple English language is acceptable in court. If you choose this method, you must include the sections we presented above and add any other paragraph you deem necessary. 

Downloading an Online Template

You can access various free online purchase agreement templates by typing in the necessary keyword in the search engine. The problem with online templates is that they outline general terms, so finding one that fits your requirements perfectly is almost impossible. The best solution is to look for one closest to your needs and customize it by adding and removing sections.

Use DoNotPay To Create Legal Documents Effortlessly

If you are buying or selling a property in West Michigan, you will likely need a bill of sale or an intent to buy real estate. DoNotPay can help with that! We generate legal documents that can easily measure up to those drafted by legal professionals. 

Our contacts:

  1. Are tailored to fit specific needs
  2. Comply with state laws
  3. Contain all necessary terms

Take a look at all some of the contracts and agreements we can create in your stead:

How To Create a Contract With DoNotPay

You will get a personalized contract promptly if you take the following steps:

  1. Log in to DoNotPay in your web browser
  2. Type in the name of your desired document in the search box
  3. Answer a few of our chatbot’s questions to help us personalize your document

After receiving the agreement, you can use our app to get it notarized and faxed to the recipient. You can do it for the same monthly subscription price!

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