Real Estate Purchase Agreement

A Real Estate Purchase Agreement is a formal contract that defines the terms and conditions of a property transaction between a buyer and a seller. It includes the agreed-upon purchase price, financing terms, closing date, property disclosures and any contingencies such as inspections or loan approval. This agreement protects both parties by ensuring all conditions are met before the transfer of ownership is completed.

The buyer and seller must complete a Real Estate Purchase Agreement to document the terms of the property sale. Both parties, along with their real estate agents or attorneys, may be involved in finalizing the agreement.

The completed Real Estate Purchase Agreement Template is submitted to the escrow agent, title company or real estate attorney handling the transaction. Submission procedures may vary based on state laws and the terms outlined in the agreement.