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Purchase Agreement – An agreement drafted between a buyer and a seller that enables the buyer to make an offer on a piece of property.
An Alabama property disclosure statement is an optional form used in residential real estate transactions to inform potential buyers of any issues or defects that could negatively impact the property’s value. Being a “buyer beware” state, Alabama only requires sellers to disclose issues that could threaten the health and well-being of the buyer.
An Alabama property disclosure statement is an optional form used in residential real estate transactions to inform potential buyers of any issues or defects that could negatively impact the property’s value. Being a “buyer beware” state, Alabama only requires sellers to disclose issues that could threaten the health and well-being of the buyer.