When it comes to making a big purchase, such as a new home or a car, there are a lot of important documents that need to be signed. One of the most important of these is the purchase agreement. This document outlines the terms of the sale, including the price, payment schedule, and any other important details.

But who signs the purchase agreement first? This is a common question among both buyers and sellers, and the answer is not always clear. In general, it is usually the buyer who signs the purchase agreement first. This is because the agreement is typically prepared by the seller or the seller`s agent, and then presented to the buyer for review and signature.

However, there are some situations where the seller may be the first to sign the purchase agreement. For example, if the seller has already agreed to a specific set of terms and conditions with the buyer before the agreement is drafted, they may sign first to show their commitment to the sale. Similarly, if there are certain contingencies or conditions that need to be met before the sale can be finalized, the seller may need to sign first to indicate their willingness to proceed with the sale once those conditions are met.

Regardless of who signs first, it is important for both parties to carefully review the purchase agreement before signing. This is especially true for buyers, who may be putting down a significant amount of money and taking on significant financial obligations in the form of a mortgage or other loan. Buyers should make sure that all of the terms and conditions are clearly spelled out in the agreement, and that they understand their rights and responsibilities as outlined in the document.

In summary, there is no hard and fast rule about who signs the purchase agreement first. In general, it is usually the buyer who signs first, but there are some situations where the seller may need to sign first instead. The most important thing is for both parties to carefully review the agreement before signing, to ensure that they are comfortable with all of the terms and conditions of the sale. By doing so, they can protect themselves and ensure a smooth and successful transaction.