Document background
The Real Estate Pre-Sale Agreement is essential in property transactions within England and Wales where parties wish to formalize their intentions before proceeding to exchange of contracts. This document is particularly valuable when dealing with complex property transactions, chain-dependent sales, or when either party requires certain conditions to be met before proceeding to completion. It typically includes property details, price agreements, timeline commitments, and any special conditions, while allowing sufficient time for surveys, searches, and mortgage arrangements to be completed. The agreement helps reduce uncertainty and provides a clear framework for proceeding to final sale.
