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Check out "promissory note" at your local law library. You should be able to photocopy a form.

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17y ago

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What is the difference between purchase agreement and closing on a house?

A purchase agreement is, well, an agreement to purchase a property. It sets the price the buyer will pay to the seller. "Closing" on a house is signing all the paperwork (and there is a lot of it!). This includes not only the purchase price, but all the fees associated with a property transfer -- title searches, taxes and the like, the details of the mortgage (the agreement between the purchaser and the lending institution), the commission to be paid to the real estate agent, etc. All that stuff in addition to the actual purchase price is "closing costs" and there is usually a separate agreement specifying which of these costs will be paid by the buyer and which by the seller. You can get writer's cramp signing all the papers at a closing!


What is publicly private?

"Publicly private" refers to situations or spaces that are intended for public access but are designed to provide a sense of privacy or intimacy. This concept often applies to environments like cafes, parks, or shared workspaces, where people can engage in semi-private interactions or activities despite being in a public setting. It highlights the balance between openness and personal space, allowing individuals to feel comfortable while still being part of a larger community.


What does borrowed money mean?

Borrowed money refers to funds that an individual or entity receives from a lender with the agreement to repay the amount, usually with interest, over a specified period. This can come from various sources, including banks, credit unions, or private lenders. Borrowed money is often used for significant expenses like purchasing a home, financing education, or starting a business. The obligation to repay the borrowed amount is typically documented through a loan agreement or contract.


Is Bbc News a private limited company or a public limited company?

what is a private limited company? I would like some examples if experienced


Will you have a down payment on a sales agreement?

Yes, a down payment is typically required in a sales agreement, especially for significant purchases like real estate or vehicles. This initial payment shows the buyer's commitment and can help secure the transaction. The specific amount and terms of the down payment will vary depending on the agreement and the seller's policies. Always review the terms carefully before finalizing any sales agreement.

Related Questions

What does a private loan agreement look like?

What does a sample private loan look like?


What does a sample private loan agreement look like?

What does a sample private loan look like?


In PA will Domestic Relations honor a private agreement for child support?

If you have a private agreement you will not need to utilize the services of Domestic Relations. However, if you would like to utilize their services and you are not on public assistance if you tell them a predetermined amount, they will honor that.


What is the difference between executive agreement and the treaty?

The executive agreement is like setting the rules for the treaty.


What is the difference between private and public gyms?

Private gyms such are like the YMCA and Lucielle Roberts..Public gyms are like Worlds Gym and Blink..private will usually have less people and more restricted..public anyone can go


What is the difference between government action and private action?

i think that government action is something that you do with the government. private action is like something you do as a family or a small grupe of people.


What is meant by a free trade agreement?

A free trade agreement, or FTA, is an agreement made between two countries to make trading easier. Terms like lower taxes are negotiated into this agreement.


Who maintains a private road?

The owner(s) or user(s) that benefits from it's use. Like a HOA agreement in a condo.


What is the difference between public and private organisation?

The difference between private and public is that private is where their are certain people in groups, like when there are private schools for boys and girls. Public is when everyone can be involved and it doesn't matter who joins and if you want to join them or not!


What does little agreement mean?

Example: There was little agreement to be found between the Government and the Opposition over the Government's Immigration Policy. So, little agreement means that there is an unresolved difference of opinion.


What is roommate agreement?

A roommate agreement is the agreement between two roommates, including the rules, like no "don't touch my stuff", "you can only touch this". don't bring some girls/guys . something like that. http://www.tradingpost.com.au/Real-Estate/Browse?intref=nav110


What is a private college?

A college that is not public.Another Answer:A private college or university is funded by tuition, investments and private donors, not by taxpayers.a collage that people want to go to because its like a private school