Maine Residential purchase and sale contracts are contracts that facilitate the sale of property from a seller to a buyer. The written agreement agreed on the various conditions that both parties must meet in order for the sale to be concluded. Both the buyer and the seller must sign the contract for it to be deemed valid. Land law requires the seller to make a declaration of publicity about the property to the buyer, indicating all material defects and hazards (unless they are exempt under Article 172). This declaration must be made to the buyer at the latest before or at the time of the offer to purchase. The maine sales contract records the details of a sale specific to residential real estate. This form is usually used to submit the first offer to the seller. The buyer will include his offer, the amount of serious money deposit and the desired contingencies. The seller will then check the proposal and determine whether or not they agree with the conditions provided…

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