"Real Estate Purchase Agreement Template" - Maryland

A Maryland Real Estate Purchase Agreement is a binding contract signed by the property owner and an individual or company that wants to purchase buildings or land for commercial or residential use. To create a valid agreement that will be accepted by the authorities and courts in case of disagreements, the parties must negotiate and put in writing the following details:

1. Identification of the seller and buyer.
2. The legal description of the real estate in question.
3. Price of the real property, the date of payment, and the payment method.
4. Financing information if the buyer needs to take out a loan to afford the payment.
5. Contingencies - list circumstances that may lead to the termination of the agreement. For instance, the buyer discovers information hidden from them by the seller related to the condition of the house which drastically reduces the price of the property and makes the contract invalid.
6. Signatures of the parties.

Since there are no state-specific forms to transfer real property in Maryland, you can make your own Maryland Real Estate Purchase Agreement via our online form builder or download a ready-made form through the link below.

Potential buyers of the residential property must obtain two documents from the real estate owner:

• Residential Property Disclosure and Disclaimer Form describes all visible defects and potential issues with the house or apartment;
• Lead Disclosure is required for residences built before 1978 to inform the purchaser about lead-based paint used in the process of construction.