While you can technically draft your own agreement using templates from sites like PandaDoc , it is often recommended to have a professional handle it due to complex legal language and regional regulations.

Ensures the home is worth at least the agreed-upon price; if the appraisal comes in low, the buyer can walk away. Preparation and Costs

Full names and addresses of the buyer and seller, plus the legal description and physical address of the home.

Allows the buyer to cancel or renegotiate if a professional inspection reveals major structural issues.