An Alabama Real Estate Purchase Agreement is a contract between parties who wish to implement a transaction with a piece of property, which states that a purchaser acquires the vendor's right, title, and interest in that property.
Usually, the agreement involves the following sections:
The state of Alabama does not provide an official Real Estate Purchase Agreement for those looking to buy real estate. Make your own Alabama Real Estate Purchase Agreement via our online form builder or download a ready-made form through the link below.
A filled-out and notarized Lead Disclosure is required for all residences built before 1978. Additionally, according to § 6-9-142 of the state, Alabama is a "buyer beware" or "caveat emptor" state. This means that the buyer agrees to take possession of the property on an "as-is" basis. There are no guarantees made by the seller.