Which parties are primarily involved in an Offer/Purchase Agreement?

The primary parties involved in an Offer/Purchase Agreement are the buyers and sellers. This agreement serves as a contract in which the buyer expresses an intention to purchase a property and the seller agrees to sell it under specified terms. The roles of buyers and sellers are essential in this context, as the buyer is looking to acquire ownership, while the seller is looking to transfer ownership, often in return for payment. This mutual consent and exchange are foundational to the transaction.

Real estate agents and inspectors, while integral to the process, are not the core parties of the agreement itself. Their roles involve facilitating the transaction and ensuring compliance with regulations, but they do not directly negotiate the terms of the agreement. Similarly, lenders and appraisers, as well as mortgage brokers and title companies, play supportive roles, related to financing and ensuring clear title, rather than being parties to the Offer/Purchase Agreement itself.