The seller`s declaration of ownership must be annexed to the sales contract as an addendum. However, it is important to fill in the gaps with specific details that protect a party`s particular interests. The interests of each party are unique in their circumstances. Both parties should know and understand that some of the standard sections may not be in the best interests of one party. Similarly, it may happen that a standard section does not accurately reflect the agreement between the buyer and the seller. It is important to understand that there is no oral agreement in real estate in NH. No handshake agreement. No “mutual understanding”. These things have no legal position in the Granite State. If it is not written, it does not exist. An oral commitment that is not included in the purchase and sale contract is not binding.
It is the details that make the agreement. Each of you has your respective roles. Your REALTOR will endeavor to ensure that everything that has been agreed is included in your offer and subsequent counter-proposals. But you are different people who perceive things differently – you may think that something has been agreed as a seller`s concession, while your REALTOR may believe that it has been abandoned. Read offers and counter-offers carefully. Ultimately, it is your responsibility to check the document and make sure that all agreed terms of sale are correct. Remember that you are a partner. They want the same thing. You are together. Communication is key: if you have a question or think something is missing from the offer, ask for it.
New Hampshire Residential Real Estate Purchase and sale contracts are contracts between a real estate seller and a potential buyer. The person who intends to purchase the property will provide the seller with the terms of their offer, including any deposits they are willing to make, how they plan to finance the purchase, and how long their offer will remain open. The real estate seller can refuse, accept or negotiate the offer until the closing date. Once both parties have signed the contract, the contract is legally binding. Complete the New Hampshire Purchase and Sale Agreement to complete and initiate the real estate transaction between a buyer and seller. This form is from the New Hampshire Association of Realtors and becomes a legal and enforceable agreement after being completed and signed by both parties.