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Purchase Agreement

Posted on 10/25/16 at 2:39 pm
Posted by btnetigers
South Louisiana
Member since Aug 2015
2254 posts
Posted on 10/25/16 at 2:39 pm
Humor me...

Do you need an attorney and/or a realtor or a bank to draw up a purchase agreement between a buyer and seller? Or....can the seller just do it themselves?
Posted by lsufan1971
Zachary
Member since Nov 2003
18367 posts
Posted on 10/25/16 at 2:41 pm to
You don't "need" one but I would pay one just for piece of mind. You should be able to get one drawn up for 300-400.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37161 posts
Posted on 10/25/16 at 2:56 pm to
If this is for real estate, most state real estate commissions have a model form online that you can use.
Posted by Wortivi22
Land of Mini Vans
Member since Dec 2007
855 posts
Posted on 10/25/16 at 7:24 pm to
No, you don't need an attorney. At most you would need guidance from a realtor/broker. I say this because there are plenty of examples online and the required forms are usually fill in the blank.

Most are written up to where the buyer is only risking their earnest money. How much earnest money is between the parties involved.
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