Washington State Property Purchase Agreement

Note: This article is not legal advice and should not be considered as such. Different facts are likely to lead to different legal conclusions. If you need help with real estate matters, call Macomber Law, PLLC for a forty-five minute toll-free consultation to see if we can help. Water. Water rights in Washington are obtained by diverting water from a natural source to a useful use, and regardless of whether the diversion comes from surface water or a well, a permit from the Washington State Department of Ecology (DOE) is required. If there is a well on your potential property, you will need to contact the doE to get the drill information. The priority of the mission in Washington is “first in time, first in law.” In Washington, water scarcity has been more visible recently, as drought conditions have affected the state. Vacant parcels that are not served by an existing diversion probably don`t have water rights, so don`t look for them or expect them. C.

Mandatory Seller Disclosures: Washington requires relatively extensive seller disclosures prior to any sale of real estate, whether residential or commercial. The disclosure form required varies depending on whether the property is commercial, “enhanced residential” or “unregistered residential”. The commercial property disclosure form must contain at least the information listed in section 64.06.013 of the Revised Washington Code. Disclosure forms for improving home ownership and improving home ownership must be set out in sections 64.06.015 and 64.06.015 respectively. 64.06.020 of the Revised Washington Code. The seller must provide the buyer with the declaration within five working days of the mutual acceptance of a contract for the sale of the land by the parties. The Buyer will then have three working days from the date on which the Seller makes the Disclosure Statement to withdraw from the contract (unless the Seller corrects the problem at least three working days after the closing date). The Washington Residential Purchase and Sale Agreement is used when an offer to purchase real estate is made. The agreement initiates the negotiation process by indicating the buyer`s proposal to buy the property. The offer includes the purchase price requested and other conditions set by the buyer. The seller has a certain period of time to be able to respond to the offer before it expires.

During this time, the Seller may modify the Terms by making a counter-offer to the Buyer. .

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