In Massachusetts, the purchase and sale agreement is typically signed:
Question & Answer
Review the question and all answer choices
Immediately after offer
After the offer is accepted, usually 1-2 weeks later
At closing
Closing occurs after all contingencies are satisfied and financing is finalized, which happens after the P&S agreement is signed. The P&S is a prerequisite for closing, not something signed at the closing table.
Before viewing property
Property viewing occurs before any offer is made and signed. It's part of the due diligence process that happens prior to the formal offer and P&S agreement.
Why is this correct?
In Massachusetts, it's standard practice to sign the initial offer first, then execute the detailed Purchase and Sale Agreement 1-2 weeks later. This allows time for inspections, financing contingencies, and other due diligence before parties are bound by the comprehensive contract terms.
Continue Learning
Explore this topic in different formats
More Contracts Videos
Continue learning with related video lessons
Ready to Ace Your Real Estate Exam?
Access 2,000+ free video lessons covering all 11 exam topics.