Real Estate Purchase Agreement

Description

Our very simple one page real estate purchase agreement is a legally binding contract between a buyer and a seller that outlines the terms and conditions of a property sale. It includes the following key sections:

Property Description: Identifies the property being sold, including its address and legal description.
Purchase Price: Specifies the agreed-upon price for the property and any earnest money deposits.
Financing Terms: Details how the buyer will finance the purchase, whether through a mortgage or cash.
Contingencies: Lists all conditions including assignments, inspection period, taxes, closing date, repair costs, and clear title that must be met for the sale to proceed, such as financing approval, inspections, or appraisals.
Closing Date: Indicates when the transaction will be finalized and ownership transferred.
Indemnifications: Includes all the legal disclosures to hold you harmless against any and all claims. This section is worth its weight in gold alone.

REI.School and/or it’s officers, affiliates or related companies are not providing legal advice through the use of this agreement. The document purchased should be reviewed, revised and approved by your own legal counsel or attorney before using it with outside parties. By purchasing this document, you acknowledge, agree, indemnify and hold harmless REI.School and/or it’s officers, affiliates or related companies.