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Real Estate Purchase and Sale Agreement

Also known as: Residential Purchase and Sale Agreement, Land Purchase and Sale Agreement, Commercial Purchase and Sale agreement.


Real Estate Purchase and Sale Agreement

A legal agreement (or contract) in which property is transferred from the seller to the buyer for a fixed price in money and/or compensation (paid or agreed to be paid by the buyer) which includes price and terms.

Real Estate Purchase and Sale Agreement/partial sample

STATE OF__________COUNTY OF ___________

1. PARTIES: ______________________ (Seller) 

agrees to sell and convey to ____________________ (Purchaser), and Purchaser agrees to buy from Seller the Property described below.

2. PROPERTY: 
(a) Land: Address: __________________ or more specifically described as: ______________, or as described in the attached exhibit. 
(b) Improvements: The house, garage and all other fixtures and improvements attached to the above described real property, including without limitation, the following permanently installed and built-in items, if any: all equipment and appliances, valances, screens, shutters, awnings, wall-to-wall carpeting, mirrors, ceiling fans, attic fans, mail boxes, television antennas and satellite dish system and equipment, heating and air-conditioning units, security and fire detection equipment, wiring, plumbing and lighting fixtures, chandeliers, water softener system, kitchen equipment, garage door openers, cleaning equipment, shrubbery, landscaping, outdoor cooking equipment, and all other property owned by Seller and attached to the above described real property. 
(c) Accessories: The following described related accessories, if any: window air conditioning units, stove, fireplace screens, curtains and rods, blinds, window shades, draperies and rods, controls for satellite dish system, controls for garage door openers, entry gate controls, door keys, mailbox keys, above ground pool, swimming pool equipment and maintenance accessories, and artificial fireplace logs. 
(d) Exclusions: The following improvements and accessories will be retained by Seller and excluded....

All Provisions of the Real Estate Purchase and Sale Agreement

    Topics covered include:

    • Full legal names and addresses of both buyer and the seller
    • Full legal description of the property
    • Amount of the Deposit
    • Sale Price
    • Amount of cash down payment and details as to how the remainder of the purchase will be financed
    • Date of the offer
    • Completion, adjustment and possession dates of the property
    • A list of conditions which must be fulfilled before the sale can take place
    • A list of items not attached to the building but included in the sale.
    • Termination
    • Date and time offer expires
    • Signature of the buyer and his/her occupation

Before you sign the Real Estate Purchase and Sale Agreement . . .

    • Does the agreement (offer) contain earnest money and is the earnest money refundable?
    • Does the agreement contain the legal description of the property?
    • Does it contain a termination date?

    Save yourself time, expense, and headache by thoroughly checking out your prospective tenant in advance!

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