Real Estate Purchase Agreement Template

Real Estate Purchase Agreement Template

This Real Estate Purchase Agreement ("Agreement") is made and entered into on [Date], by and between:

Seller: [Full Name / Company Name]
Address: [Seller Address]
Phone: [Phone Number]
Email: [Email Address]

and

Buyer: [Full Name / Company Name]
Address: [Buyer Address]
Phone: [Phone Number]
Email: [Email Address]

Together referred to as the "Parties."

1. Property Description

The Seller agrees to sell, and the Buyer agrees to purchase, the real property located at:
[Full Property Address]

Legal Description (if available):
[Insert legal land description or attach as Appendix A]

2. Purchase Price

The total purchase price for the property is $[Amount] ("Purchase Price"), to be paid as follows:

• Initial deposit (earnest money): $[Amount]

• Remaining balance at closing: $[Amount]

  
  

3. Financing Contingency

☐ This Agreement is contingent upon the Buyer obtaining financing.
☐ The Buyer agrees to provide a pre-approval letter within [X] days of signing.

4. Closing Date

The closing shall take place on or before [Closing Date], at a location agreed upon by the Parties or as required by the title company.

5. Closing Costs

☐ Each Party shall pay their respective costs.
☐ The following costs shall be paid by:

• Seller: [e.g., title insurance, transfer taxes]

• Buyer: [e.g., loan fees, appraisal, inspection]

  
  

6. Property Condition and Inspection

The property is being sold:
☐ As-is, with no warranties
☐ Subject to satisfactory inspection by the Buyer within [X] days

☐ The Buyer may request repairs or cancel the Agreement based on findings.

7. Title and Deed

The Seller agrees to provide:

• Marketable title free of liens and encumbrances

• A general warranty deed or equivalent legal conveyance

  
  

8. Possession

Possession of the property shall be delivered to the Buyer:
☐ At closing
☐ On [Specific Date]
☐ With existing tenant lease(s) in place (attach copies)

9. Disclosures

The Seller has provided the following disclosures:
☐ Property Disclosure Statement
☐ Lead Paint Disclosure (if built before 1978)
☐ Other: ___________________________

10. Default and Termination

If the Buyer defaults, the Seller may retain the earnest money as liquidated damages.

If the Seller defaults, the Buyer may seek a return of earnest money and/or specific performance.

11. Governing Law

This Agreement shall be governed by the laws of [State/Country] where the property is located.

12. Entire Agreement

This Agreement constitutes the entire understanding between the Parties and supersedes any prior agreements or negotiations.

IN WITNESS WHEREOF, the Parties have executed this Real Estate Purchase Agreement as of the date first written above.

Seller Signature
Name:
Date:

Buyer Signature
Name:
Date:

Witness or Agent (if required)
Name:
Date: