Acknowledgement: This sample document is for educational purposes only, and not intended for legal use under
any circumstances
for Real Estate Related Activities (which for the purpose of this document shall include but shall not be limited to the sale, purchase,
brokerage, assignment, leasing, management, and any other activities pertaining to real estate and real estate related businesses). We
strongly recommend that you consult your advisors before engaging in any Real Estate Related Activities. Furthermore, we recommend
seeking legal counsel to draft, review, advise on, negotiate, and perform in accordance to any and all legal instruments pertaining to
Real Estate Related Activities.
REAL PROPERTY PURCHASE AGREEMENT
SUBJECT PROPERTY: Full property address
LEGAL DESCRIPTION: Copy and paste from county records
Seller, Seller Name exactly as appears on county record and/or their heirs, successors, and administrators
agrees on this day to sell the Subject Property to Buyer, Buyer Name and/or assigns in consideration of the
covenants and agreements set forth herein.
SALE PRICE: $ 0000.00. Buyer agrees to pay all closing costs.
CLOSING: Closing will occur 60 days after acceptance of this agreement or sooner. Closing will be facilitated
by a third party title and escrow company of Buyer’s choosing, hereinafter “the Title Company”.
Buyer shall submit a deposit of $1000 with the Title Company as earnest money to be applied towards the sale
price at closing. In the event of Buyer default, earnest money will be disbursed to Seller as sole remedy.
INSPECTIONS: Seller agrees to provide Buyer's representatives access to Subject Property for inspection.
This agreement is contingent upon Buyer's approval of condition, income, expenses, and value of Subject
Property prior to closing. In the event of cancellation, earnest money deposit will be returned to Buyer.
PRORATIONS: Property taxes shall be prorated through the date of closing. Rents shall be current and
prorated through the date of closing. Tenant security deposits and leases will transfer to Buyer at closing.
RISK OF LOSS: In the event that Subject Property is substantially damaged while this agreement is active,
Buyer has the option to accept any proceeds of Seller’s insurance claims and purchase Subject Property in “as
is” condition or to cancel this agreement and receive refund of earnest money deposit submitted.
POSSESSION: Possession of the Subject Property shall be delivered to Buyer when title transfers. Seller
agrees to deliver all keys to Buyer or Buyer’s authorized representative at closing.
Additional Terms:
● Parties agree to sale of property in "As Is" Condition.
● This agreement is contingent upon acceptable valuation by a third party appraiser.
● Closing shall be contingent upon certification of clear title by the Title Company.
● Sale or transfer of title to any party other than the Buyer is prohibited while this agreement is active.
TIME IS OF THE ESSENCE. Seller and Buyer agree to diligently pursue the completion of contingencies
contained herein or this agreement extends so that the contingencies contained herein can be reasonably
completed.
_________________________________ _________ _________________________________ _________
Seller: _________________________ Date Buyer: _________________________ Date
_________________________________ __________
Co-Seller: ________________________ Date
