Real Estate Purchase Agreement Templates by State

60
total templates

What Is a Real Estate Purchase Agreement?

A Real Estate Purchase Agreement - commonly confused with a Real Estate Bill of Sale - is a legally binding contract between the seller of a home and the buyer of a home that lists the agreed-upon terms of the sale.

Alternate Name:

  • Real Estate Sales Contract.

These agreements must be outlined in writing and signed by both parties before being notarized. The agreement protects the interests of both the buyer and the seller and helps facilitate an easy closing of the deal.

A Land Contract is a related type of agreement used when the seller grants the buyer with a real estate loan with the deed transferred only after the debt is paid in full.

Real Estate Purchase Agreement Templates by State

Each state has its own specific laws regarding the clauses necessary in a real estate purchase agreement. Although the law may vary significantly from one state to the next, every real estate contract must meet three basic requirements in order to be valid:

  1. There must be an exchange of money (or any other thing of value) for the property.
  2. The agreement must describe an offer and an acceptance of that offer.
  3. A legally-binding home purchase agreement must be done in writing.

If you are ready to draft your own house purchase agreement, look to our library of state-by-state templates and locally-issued forms or make a Real Estate Purchase Agreement from scratch with our form builder.

Alabama

Hawaii

Massachusetts

New Mexico

South Dakota

Alaska

Idaho

Michigan

New York

Tennessee

Arizona

Illinois

Minnesota

North Carolina

Texas

Arkansas

Indiana

Mississippi

North Dakota

Utah

California

Iowa

Missouri

Ohio

Vermont

Colorado

Kansas

Montana

Oklahoma

Virginia

Connecticut

Kentucky

Nebraska

Oregon

Washington

Delaware

Louisiana

Nevada

Pennsylvania

West Virginia

Florida

Maine

New Hampshire

Rhode Island

Wisconsin

Georgia

Maryland

New Jersey

South Carolina

Wyoming

 

Is a Real Estate Purchase Agreement Binding?

The parties identified in a contract for the purchase and sale of a home are subject to conditions called contingencies - or contingency clauses. These clauses describe certain conditions that can allow the buyer to change the agreed-upon details or back out of the sale without any legal consequences.

There are three main types of contingency clauses:

  1. The subject-to-financing clause, which allows the buyer to back out of the sale if they cannot secure the loan, the desired mortgage terms or interest rates.
  2. The subject-to-inspection clause, which allows the buyer to change their offering price if the results of a professional inspection of the home prove the property to be worse for wear than originally described by the seller.
  3. The sale-of-home clause, which allows the buyer to back out of buying a new home if they are unable to sell their current home for its asking price.

If the buyer decides to back out of the sale with all contingency clauses satisfied, they will - at the very least - lose their deposit money. The buyer will also then be liable for any monetary damages the seller may suffer, including attorneys' fees and the difference in price if the seller is forced to sell the property at a lower cost.

What Does a Real Estate Purchase Agreement Look Like?

Besides some state-specific clauses, any simple Real Estate Purchase Agreement should include the following information:

  1. The names and signatures of both parties.
  2. A description of the property and included fixtures being sold.
  3. The rights and obligations of the parties.
  4. The deposit amount, insurance, and the asking price for the property.
  5. The financing and actions regarding the seller’s existing mortgage.
  6. The prospective date of closing.
  7. The terms of possession.
  8. Conflict resolution.
  9. An option to terminate (contingencies) - as described above.
  10. A lead-based paint disclosure. This clause is mandatory for all homes built before 1978 and is meant to protect the buyer from lead hazards within the home.

An agreement with the aforementioned clauses can be used for the purchase or sale of any residential property, as long as the house is ready for sale before the closing date specified in the contract. Consider consulting an agent or an experienced real estate attorney if you decide to handle the sale on your own.

What to Look for in a Real Estate Purchase Agreement?

A Real Estate Purchase Contract must meet the following basic requirements:

  • The U.S. Statute of Frauds requires a real estate sales contract to be done in writing, otherwise, it will be considered non-enforceable and non-binding. A real estate rental agreement, on the other hand, may be verbal and enforceable as per the law in several U.S. states;
  • The contract must be physically signed by both parties - the buyer and the seller;
  • The contract must feature the full legal names of both the buyer and the seller;
  • The contract must explicitly state the agreed-upon purchase price.

Documents

60

TREC Form 9-13 "Unimproved Property Contract" - Texas

Rate (4.3 / 5) 48 votes
Size: 1 MB
9 pages

TREC Form 24-15 "New Home Contract (Completed Construction)" - Texas

Rate (4.5 / 5) 16 votes
Size: 1 MB
10 pages

TREC Form 20-14 "One to Four Family Residential Contract (Resale)" - Texas

Rate (4.7 / 5) 41 votes
Size: 1 MB
10 pages

TREC Form 30-13 "Residential Condominium Contract (Resale)" - Texas

Rate (4.3 / 5) 15 votes
Size: 502 KB
9 pages

TREC Form 23-15 "New Home Contract (Incomplete Construction)" - Texas

Rate (4.7 / 5) 27 votes
Size: 1 MB
10 pages

Form 10807 "Manufactured Home Purchase Contract" - Wisconsin

Rate (4.4 / 5) 67 votes
Size: 188 KB
4 pages

"Louisiana Residential Agreement to Buy or Sell" - Louisiana

Rate (4.8 / 5) 6 votes
Size: 4 MB
9 pages

"Oklahoma Uniform Contract of Sale of Real Estate - Residential Sale" - Oklahoma

Rate (4.5 / 5) 10 votes
Size: 131 KB
6 pages

"Oklahoma Uniform Contract of Sale of Real Estate - New Home Construction" - Oklahoma

Rate (4.6 / 5) 13 votes
Size: 143 KB
6 pages

"Real Estate Purchase Agreement Form - Commercial/Agricultural" - South Dakota

Rate (4.6 / 5) 24 votes
Size: 11 KB
2 pages

"Real Estate Purchase Contract" - Utah

Rate (4.8 / 5) 46 votes
Size: 274 KB
6 pages

"Survey Addendum to Real Estate Purchase Contract" - Utah

Rate (4.8 / 5) 13 votes
Size: 6 KB
1 page

"Addendum to Real Estate Purchase Contract" - Utah

Rate (4.6 / 5) 28 votes
Size: 47 KB
1 page

"Fha/VA Loan Addendum to Real Estate Purchase Contract" - Utah

Rate (4.8 / 5) 13 votes
Size: 65 KB
2 pages

"Residential Contract of Sale" - New York City

Rate (4.7 / 5) 15 votes
Size: 127 KB
16 pages

"Real Estate Purchase Agreement Template" - Alabama

Rate (4.7 / 5) 25 votes
Size: 140 KB
12 pages

"Real Estate Purchase Agreement Template" - Alaska

Rate (4.8 / 5) 17 votes
Size: 140 KB
12 pages

"Real Estate Purchase Agreement Template" - Arizona

Rate (4.3 / 5) 13 votes
Size: 140 KB
12 pages

"Real Estate Purchase Agreement Template" - Arkansas

Rate (4.4 / 5) 7 votes
Size: 140 KB
12 pages

"Real Estate Purchase Agreement Template" - California

Rate (4.5 / 5) 28 votes
Size: 140 KB
12 pages

"Real Estate Purchase Agreement Template" - Colorado

Rate (4.6 / 5) 9 votes
Size: 140 KB
12 pages

"Real Estate Purchase Agreement Template" - Connecticut

Rate (4.7 / 5) 22 votes
Size: 140 KB
12 pages

"Real Estate Purchase Agreement Template" - Delaware

Rate (4.8 / 5) 22 votes
Size: 140 KB
12 pages

"Real Estate Purchase Agreement Template" - Florida

Rate (4.3 / 5) 26 votes
Size: 140 KB
12 pages

"Real Estate Purchase Agreement Template" - Georgia (United States)

Rate (4.4 / 5) 15 votes
Size: 140 KB
12 pages

"Real Estate Purchase Agreement Template" - Hawaii

Rate (4.5 / 5) 12 votes
Size: 140 KB
12 pages

"Real Estate Purchase Agreement Template" - Idaho

Rate (4.6 / 5) 10 votes
Size: 140 KB
12 pages
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"Real Estate Purchase Agreement Template" - Illinois

Rate (4.7 / 5) 18 votes
Size: 140 KB
12 pages

"Real Estate Purchase Agreement Template" - Indiana

Rate (4.8 / 5) 12 votes
Size: 140 KB
12 pages

"Real Estate Purchase Agreement Template" - Iowa

Rate (4.3 / 5) 21 votes
Size: 140 KB
12 pages
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"Real Estate Purchase Agreement Template" - Kansas

Rate (4.4 / 5) 7 votes
Size: 141 KB
12 pages

"Real Estate Purchase Agreement Template" - Kentucky

Rate (4.5 / 5) 24 votes
Size: 141 KB
12 pages

"Real Estate Purchase Agreement Template" - Maine

Rate (4.6 / 5) 23 votes
Size: 140 KB
12 pages
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"Real Estate Purchase Agreement Template" - Maryland

Rate (4.7 / 5) 29 votes
Size: 140 KB
12 pages

"Real Estate Purchase Agreement Template" - Massachusetts

Rate (4.8 / 5) 14 votes
Size: 140 KB
12 pages

"Real Estate Purchase Agreement Template" - Michigan

Rate (4.3 / 5) 29 votes
Size: 140 KB
12 pages

"Real Estate Purchase Agreement Template" - Minnesota

Rate (4.4 / 5) 11 votes
Size: 140 KB
12 pages

"Real Estate Purchase Agreement Template" - Mississippi

Rate (4.5 / 5) 16 votes
Size: 140 KB
12 pages

"Real Estate Purchase Agreement Template" - Missouri

Rate (4.6 / 5) 13 votes
Size: 140 KB
12 pages

"Real Estate Purchase Agreement Template" - Montana

Rate (4.7 / 5) 16 votes
Size: 140 KB
12 pages