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Hi I'm Jack Gately from Jackie Lee real estate and owner of the all online real estate Academy and the Cape Cod online real estate Academy so just a quick walkthrough of Massachusetts Association of Realtors form 503 it is the standard residential purchase and sale agreement so you're gonna be using this for instance when selling a single-family home this is gonna be drafted originally by the listing agent in almost every case so it will solidify and advance the transaction after the offer is done and usually simultaneously or slightly thereafter the home inspection is done so right in that time slot thereafter the home inspection before the appraisal right in that time slot right there obviously an incredibly important step if you don't know how to access this form then you might want to check my other video on this exact same YouTube channel getting started with zip forms because that's what we're using to access this form that is zip forms so check that out at this particular channel getting started with YouTube getting started with zip forms so standard residential purchase and sale agreement you're just gonna throw the date up there at the top of the page that's pretty easy you're going to list the name of the seller and the list the name of the buyer now that's all pretty easy by the way it pretty darn helpful if you have your offer right printed out in front of you or on the screen because there might be occasionally we're gonna want to copy things right into this form from the offer so a description of the premises that should most certainly include the street address I also like to include the lot number which you can get from the assessor's field card now if you're the listing agent you probably got a copy of the assessor's field card before you even posted the listing many of you can access it right from the MLS by hitting the public record button some of you need to go on the and find it from your town website and some of you maybe even have to drive down to the tunnel but you should have your Assessors field card and that will include the lot number that the town uses to identify the property so you really should be using at least three things here the street address the lot number and then the book and page number which is how the Registry of Deeds refers to the property so that should also be on the Assessors field card so you're gonna fill in this information here you're probably going to click that a copy of their certificate is not attached in most cases and then down here where we have things that are included or excluded remember that is a very important thing to get right you want to get this right so there's no headaches at the very end of the transaction