What is a Real Estate Purchase agreement? 

Or purchase and sale agreements are legally binding documents that govern the sale and purchase of a property. This contract, signed by a buyer and seller, specifies the conditions under which the sale will take place, as well as the terms of the transaction.

The transaction involving a purchase and sale agreements begin with the buyer proposing conditions of the sale in addition to important financial details, such as their offer. Once the offer is made to the seller, the seller has the ability to accept, reject, or negotiate the terms of the contract.

How do I write a Purchase agreement, is there a template?

You can use our available template to make your purchase agreement with ease. By doing so, you will ensure that your business is legally secured. Our templates are easy to use and can be downloaded instantly. These real estate contract templates are perfect for people selling their homes independently without a real estate agent. 

Are Purchase agreements legally binding? 

As long as your property purchase agreement is a certified legal document, then it is legally binding. Our selection of verified documents can help you ensure the validity of your contract. We ensure that each document we provide you with is a certified legal document. For further review and advice, you may discuss with an attorney that specializes in real estate law in your area. State laws differ widely, and these matters should be discussed with local legal counsel. 

What should be included in purchase and sale agreements? 

Some basic features you will want to have in your Real Estate Purchase agreement are the conditions the sale will take place under as well as the specifying the terms of the agreement. 

The property purchase agreement helps you state all of the important details, including:

• the full names of the parties
• the location of the property
• the purchase price
• the closing date
• mortgage and escrow specifications
• and any other specific promises of the parties