A User’s Guide to Meeting the 14 Deadlines in the Agreement of Sale
When a property goes under agreement, Buyers and Sellers typically breathe a collective sigh of relief. Real estate agents on the other hand know that the true work is just beginning.
If a standard PAR (Pennsylvania Association of REALTORS®) agreement of sale is used in a transaction, there are 14 deadlines that must be met in order for the parties to be in compliance with the terms of the agreement. Missing any one of these deadlines can have dire consequences to the party that fails to live up to their end of the bargain. Continue reading