This video is a rundown of the major terms and conditions contained in the Residential Purchase Agreement. If you are Buying or Selling a house in California, the RPA is the cornerstone of the transaction.
0:48 - Page 1: Address, Buyer/Seller names, Close of Escrow Date, Earnest Money Deposit, Purchase Price, Down Payment, Loan Type
1:39 - Page 2: Loan and Appraisal Contingency Periods, Allocation of Costs
2:40 - Page 3: Allocation of Costs (Escrow and Title), Other Costs (Transfer Taxes, Inspection Reports), Home Warranty, Fixtures and Appliances
3:58 - Page 6: Inspection Contingency, Review of Disclosures and Title, Notice to Perform
5:34 - Page 8: Breach of Contract, Mediation and Arbitration
6:31 - Page 10: Seller Acceptance, Counter, or Rejection. Agent and Escrow endorsement.
