Hello, welcome to our interactive web page that explains the differences between the PRDS and car purchase contracts. This site is intended to help you understand the two most commonly used purchase contracts here in the Peninsula of the Bay Area. The first contract is the California Association of Realtors or CAR contract. Most realtors across the state are familiar with this form as it's the one that's primarily used statewide. The other form we'll talk about on this web page is the PRDS contract. The PRDS contract has been specifically tailored and made for the Peninsula and is oftentimes used anywhere from South San Francisco down to Campbell and Cupertino. Over the last few years, these contracts have gotten much closer to one another. It's evident that the creators of the contracts use and borrow ideas from each other in order to make the best possible contract for our real estate transactions. Some of the biggest differences we see are in the as-is provision. The CAR contract actually has the as-is provision built in as a default provision. On the other hand, the PRDS contract has the as-is provision as an optional issue. So, whether you select the as-is provision or not in the PRDS contract will greatly affect other portions of the contract. Another difference comes to the demand to close escrow. The PRDS contract does not have any such form or requirement for the seller to demand the purchase or close escrow. On the other hand, the CAR contract has a specific form that's required to be used if the purchaser is failing to close. There are some other stylistic and technical differences with the contract, such as the size of the font, the appearance, and also the organization. For example, the PRDS contract actually has all the contingency periods and timing...
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Vehicle purchase agreement template word Form: What You Should Know
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