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When signing a purchase agreement in home buying process, make sure that the agreement says that your deposit is refundable in case there is a problem with your mortgage or if the seller does not live up to his end of the agreement.
Usually the purchase agreement is a four page document and one can add many additional clauses for the buyer and seller. When signing a purchase agreement, it is important to seek legal advice so that you know what you are signing.
A purchase agreement can be changed but this usually happens during the negotiation stage. A final purchase agreement contains terms and conditions that are acceptable to both the buyer and seller. As a buyer, you should understand the terms of the agreement, the consequences of your actions and the protection that is in place for the deposit you have put down.
In a purchase agreement, a buyer needs protection in many areas including the following:
- Mortgage details
- Title problems
- Deposit details
- Repairs to be completed by the seller
- Access to the house before closure of the purchase
- Inclusion of any modified terms since the offer was accepted
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When purchasing a home, it is important to ask your realtor some crucial questions. Realtors are there to assist you in an important financial matter and therefore, you need to certain that the home buying decision is in your best interests. 
