The Georgia Residential Purchase and Sale Agreement is a contract that legally binds two parties (sellers and buyers) to complete a transaction of a residential property. This agreement includes all relevant information relating to the transaction, including the price, financing conditions, rights and obligations of both parties and a closing clause. If problems arise during the sale, the agreement is reached to make the situation understood and to ensure that the transaction is fair to both parties. Once the agreement is signed, it cannot be terminated unless both parties agree. This is by far the most important legal contract when buying a detached home. The contract for the purchase and sale of residential real estate in Georgia covers everything necessary for a contract to be considered complete and enforceable. When a person begins the journey to buy a home, it is often an emotional experience. They imagine living in the ideal space where they can be completely relaxed. They imagine how their lives will improve and what they will do to add their personal touch.

They think about how they will celebrate milestones with their loved ones. The Georgia Residential Real Estate Purchase Agreement (Residential Purchase and Sale Agreement) is a contract that defines the terms of residential real estate activity between a buyer and a seller. It can only be used for residential real estate for which construction is completed. Like the seller side, an exclusive buyer brokerage agreement means that the buyer agrees to work with a single agent to buy a home. The buyer cannot benefit from the assistance of another agent until the exclusive contract expires or is terminated.