Real Estate Purchase Agreement Template - Vermont

A Vermont Real Estate Purchase Agreement is a legally binding contract signed by two Vermont residents (individuals or entities) that wish to formalize the transfer of the real property. You can use this document to outline the terms and conditions of the sale and purchase of residential and commercial property. To compose a valid agreement, you must add the names and contact information of the parties, describe the real estate to distinguish it from other similar places, indicate the purchase price and the negotiated payment method, state the condition of the property (usually sold "as is" without any renovations or guarantees from the seller), determine who will pay for the inspection of the premises, and sign the document to confirm the intention to enter into a deal.

Even though there are no official forms and templates you can use to transfer real estate in Vermont, you can make your own Vermont Real Estate Purchase Agreement via our online form builder or download a ready-made form through the link below{class="scroll_to"}.

If you legitimize the sale and purchase of the residential property, the seller must provide the purchaser with two more documents:

• Property Disclosure Statement. Notify the buyer about all material issues related to the current condition of the property;
• Lead Disclosure. If the house or apartment was built before 1978, inform the prospective purchaser about the potential presence of lead-based paint on the surfaces of the residence.