The first paragraph of the Massachusetts Offer to Purchase identifies the real property that the Buyer is offering to purchase. It includes the address of the property, the selling broker (that is the broker that showed you the property; the purchase price and the deposit amount.
In Plain English:
This section answers the two most important questions in a real estate deal:
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What is being sold? - Clearly identify all of the property (there might be multiple parcels described in multiple deeds - these parcels may technically have more than one address.)
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For how much? - Total sale price
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How much of a deposit? - This is the amount that the Buyer is willing to "ut up" as security for the transaction (it is not the same as a down payment.)
Attorney's Note:
As a Massachusetts real estate attorney, I can’t stress enough how important it is that this section is accurate. The description of the property, the amount offered, and deposit must match the Buyer’s intentions exactly. A mistake here—like leaving out a parcel—can result in serious closing delays or even litigation. The financial terms also set expectations for escrow deposits and final closing costs, so clarity and precision are crucial.
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