Is the Purchase Contract Legally Binding?
If you are in a supported state where our automatic purchase contract is offered, you can obtain our free purchase contract by using our free online offer, negotiation, and contract generator tool that is built into the site.
Once you and your buyer agree to all terms, a purchase contract is automatically generated and presented to all parties for digital signatures. As soon as all parties sign, you have a legally binding contract.
NOTE: If the automatic contract is not available in your state, an automatic memorandum of understanding will be generated with all agreed upon terms for eSignature. It’s important to understand that despite this document being signed by all parties, it is not a binding legal contract and it’s incumbent upon you to translate the terms into a binding contract for signature.
Once you and your buyer agree to all terms, a purchase contract is automatically generated and presented to all parties for digital signatures. As soon as all parties sign, you have a legally binding contract.
NOTE: If the automatic contract is not available in your state, an automatic memorandum of understanding will be generated with all agreed upon terms for eSignature. It’s important to understand that despite this document being signed by all parties, it is not a binding legal contract and it’s incumbent upon you to translate the terms into a binding contract for signature.
Updated on: 02/29/2024