Fill out an official Kentucky residential purchase agreement here: [ Ссылка ]
When buying a home, the residential purchase agreement provides a detailed roadmap for the transaction. The contract, which becomes legally binding once signed by both the buyer and the seller, outlines the purchase price, closing terms, financing options, and any contingencies that must be met by either party.
In this video we’ll cover:
How a residential purchase agreement works
Legal requirements in Kentucky
What you need to include
Kentucky laws about seller disclosures:
§ 324.360 – Prior to signing the agreement, the seller must provide to the buyer a full disclosure reporting the condition of the property’s electrical systems, foundation, heating and cooling, environmental hazards, and more.
DISCLAIMER:
This video is strictly for educational purposes and is in no way intended to provide legal advice. We do not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information on this video is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of our videos.
#residentialpurchaseagreement #rpa
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0:00 Intro:
0:21 We'll Discuss:
0:37 How Does Residential Purchase Agreement Work:
1:20 Legal Requirements In This State:
1:58 Include Mortgage Pre-Approval Letter:
2:11 Offer An Earnest Money Deposit:
2:22 Use An Addendum To Modify Or Add To The Agreement:
