What is a PAR form?
We are currently working with a real estate agent who sent us the following text:
“Hi Aman. The sellers side is asking if you want to have them draw up the agreement on a PAR form. I don’t recommend this with this type of property. Please let me know. Thank you.”
However, she LOVES LOIs. I think she is referring to a purchase contract, but I want to be perfectly clear regarding what she is talking about. There are a lot of new acronyms I haven’t encountered yet.