Real Estate Purchase Agreement Template - Missouri

A Missouri Real Estate Purchase Agreement is an agreement between a vendor and a purchaser who wishes to implement a real property purchase. This document includes a property description, its location, purchase price, and the details of closing the transaction.

Usually, the agreement involves the following sections:

1. Assumption of Loan. Specify if a purchaser agrees to assume a vendor's existing mortgage and enter its present balance. Indicate who is obliged to pay all fees associated with the mortgage transfer.
2. Vendor's and Purchaser's Closing Costs. Specify which fees parties should pay. For example, you may indicate that a vendor has to pay transfer taxes and conveyance fees.
3. Delayed Closing. Indicate that the transaction closing may be extended and provide probable reasons for the extension.
4. Assumption of Leases. If the property is subject to a lease, indicate that a vendor must notify existing tenants of the change in ownership and provide a purchaser an assignment of the Lease Agreement.

Missouri does not provide an official Real Estate Purchase Agreement for those looking to buy real estate. Make your own Missouri 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, Missouri 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. This being the case, many sellers may choose to voluntarily provide a Disclosure Statement for Residential Property (Form DSC-8000). This can give buyers more peace of mind when conducting real estate transactions.