Residential Purchase and Sale Agreement
A real estate purchase agreement is a contract for the purchase and sale of real estate. Sometimes called a "Purchase Agreement," or "Purchase Contract" and at times by other names.
It is usually a legally binding written contract that sets forth the terms and conditions of the purchase and sale of the agreed upon real estate between buyer and seller. Verbal promises should never be relied upon; all details of your verbal agreement should be written into your real estate purchase agreement.
The last update of our real estate purchase agreements was completed in May 2008 by a licensed real estate attorney.
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There is no standard real estate purchase and sales agreement that will be perfect for all buyers and sellers. In most cases buyers and sellers will modify, delete, and add parts to the purchase and sale agreement to satisfy their needs. And sometimes buyers and sellers will get advice from a real estate agent or an attorney when working on a purchase and sale agreement.
Offer to Purchase Real Estate Agreement
The popular offer to purchase real estate form is really an “Offer and Acceptance Agreement Form” - offer and acceptance being the two essential components of a valid contract; “a meeting of the minds”
Most offer to purchase real estate agreements are used as a preliminary agreement to set down the basic terms of the buyer for the purchase of real estate from the seller. If the seller accepts the offer to purchase with the deposit or “Earnest Money” the buyer has the right to purchase the real estate for the agreed upon terms listed in the agreement.
Once accepted, the buyer and seller usually follow up with a standard real estate purchase agreement that defines the details of the transaction. However, with our newly updated offer to purchase real estate agreement, buyers may now choose to use it as a completed purchase agreement if they wish to.
The offer to purchase real estate form is simple and easy-to-use. It is designed for making quick, efficient offers, and enables the buyer to make an offer and get a faster response from the seller without wasting time reviewing a lengthy purchase agreement. Once agreed upon, the buyer and seller may choose to replace the shorter offer to purchase with a more detailed real estate purchase agreement.
Real Estate Purchase Agreement
We offer you a professional real estate purchase and sale agreement that has been drafted by a licensed attorney and licensed real estate broker.
Our 14 page professional purchase agreement is designed for the buyer, seller, or attorney who is looking for a thorough, detailed real estate agreement. Drafted by a licensed attorney and real estate broker, this agreement lays out the essential and important details that a high quality,
up-to-date real estate purchase and sale agreement should contain.
Below are just some of the topics covered in our agreements:
Deposits, Escrow, Financing, Insurance
Taxes, Evidence of Title, Liens
Existing Mortgages
Joint Escrow Instructions
Property Inspections-(including pests)
Current Survey, Utilities
Environmental Laws
Restrictions, Easements
Expenses, Default by Seller or Buyer
Risk of Loss, Maintenance of Property
Leases (if property is currently being leased)
Property Inspection and Guarantee
Any Possible Pending Litigation
Default by Buyer or Seller
As-is Acquisition
Closing Procedures, Deliveries, and more.
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Ordering Options
- Professional Purchase Agreement - Includes lead disclosure statement and seller's disclosure statement.
- Offer to Purchase Real Estate
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Includes all the forms above.
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