You should have your future home inspected before finalizing the purchase, and you may be able to renegotiate or back out of the deal if you find a serious problem.| Justia
The purchase and sale agreement will describe the people and the property, what each side must do, the rights of the buyer and the seller, and all of the financial considerations involved, as well as covering possible contingencies.| Justia
In the closing, the seller officially transfers their ownership rights in a home to the buyer, who signs off on their loan and gives the seller their down payment.| Justia