Who Typically Prepares the Contract in the Sale of a Home

When it comes to selling a home, there are many steps involved in the process. One of the most important steps is preparing the contract for the sale. The contract outlines the terms of the sale and any conditions that must be met before the sale can be completed. But who is typically responsible for preparing the contract in the sale of a home?

In most cases, the contract is prepared by the seller`s real estate agent or attorney. The seller`s agent will work with the seller to determine 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. The agent will then draft the contract, which will be reviewed and approved by the seller and their attorney.

In some cases, the buyer`s agent or attorney may also be involved in preparing the contract. If the buyer has specific terms or conditions that they want included in the contract, their agent or attorney may work with the seller`s team to ensure that those terms are included.

Once the contract has been drafted and approved by both parties, it will be signed by the buyer and seller. The signed contract is then sent to the closing agent, who will oversee the transfer of ownership and the payment of all fees and expenses associated with the sale.

It`s important to note that in some states, real estate agents are not allowed to prepare contracts. In these cases, the seller`s attorney will typically handle the preparation of the contract.

In summary, the seller`s real estate agent or attorney is typically responsible for preparing the contract in the sale of a home. However, the buyer`s agent or attorney may also be involved in the process, particularly if the buyer has specific terms or conditions that they want included in the contract. Regardless of who prepares the contract, it`s important that both parties carefully review the terms and conditions before signing to ensure that they are in agreement and that the sale proceeds smoothly.

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