CAR is revising it Real Estate purchase and sale agreements.
The changes are worth reading.
It is amazing how many ways there are to get of the contracts.
But, I do not blame CAR for that... we were all told in contracts class in law school
there has to be an element of good faith between the parties in all contracts.
Note some of the changes were adopted to allow for Short Sales.
New drafts of RPA & related forms are available: "New drafts of RPA & related forms are available
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Your input is invaluable to ensuring the forms relevance. Comments ranging from formatting to more substantive suggestions are welcome! Please click on the links below to review the respective forms and e-mail your comments to carforms@car.org
. Residential Purchase Agreement (RPA Draft 12-09)
. Table of Contents-Residential Purchase Agreement (TOC Draft 12-09)
. FHA or VA Notice and Addendum (FVA Draft 12-09)
. Wood Destroying Pest Inspection and Allocation of Cost Addendum (WPA Draft 12-09)"
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