Real Estate Purchase Agreement Template: Price & Closing Terms

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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]

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]

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

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:

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Real Estate Purchase Agreement Template: Price & Closing Terms

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Reviewed July 2026 Free download, PDF & DOCX

What is a Real Estate Purchase Agreement?

A real estate purchase agreement is a legally binding contract between a buyer and seller that outlines all the essential terms of a property sale. It specifies the purchase price, property description, contingencies, financing arrangements, timelines, and other key conditions that must be met before the transaction can close. This document serves as the formal roadmap for the real estate transaction from offer to closing.

Why do you need a Real Estate Purchase Agreement?

You need a real estate purchase agreement to protect the interests of both the buyer and seller, clearly documenting the rights, duties, and obligations of each party. It minimizes misunderstandings, provides a legal basis for resolving disputes, and ensures that important terms — such as inspections, financing deadlines, and closing requirements — are mutually agreed upon in writing.

When should you use a Real Estate Purchase Agreement?

Use a real estate purchase agreement whenever you are buying or selling residential, commercial, or vacant land. It should be executed once both parties agree on the purchase terms but before any funds or property change hands. This is especially critical in higher-value transactions or where financing, contingencies, or special conditions apply.

How to write a Real Estate Purchase Agreement?

Include a complete legal description of the property, the purchase price, payment and financing terms, earnest money requirements, closing date and location, inspection and appraisal contingencies, warranties or disclosures, prorations of taxes or utilities, and remedies for breach. Both parties should sign and date the agreement, and it should comply with state and local real estate laws.

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