Real estate purchase agreement template
Set the terms for buying or selling a home in one written agreement.
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About Real estate purchase agreement
A real estate purchase agreement sets out the terms for buying or selling a property. It records the parties, the property, the price, the deposit, the closing date, and the conditions each side must meet before the sale goes through.
This page is a general template and a convenience for drafting, not legal advice, and for important matters consult a qualified professional in your jurisdiction. Real estate rules and required disclosures vary by state, so confirm what applies where the property sits before you rely on this document.
Who needs to complete it
- Buyers and sellers agreeing on the terms of a home sale.
- Private parties selling a property without an agent.
- People who want the price, deposit, and closing date in writing.
- Anyone setting conditions such as financing or an inspection.
How to fill out Real estate purchase agreement
- 1Enter the names and addresses of the buyer and the seller and the date of the agreement.
- 2Add the property address and legal description.
- 3State the purchase price and the deposit or earnest money amount.
- 4Set the closing date and describe how and when the balance is paid.
- 5List the conditions that must be met, such as financing, an inspection, or an appraisal.
- 6Note what is included in the sale, such as fixtures or appliances, and any items excluded.
- 7Cover any required disclosures and how each side handles a default.
- 8Have both the buyer and the seller review, sign, and date the agreement, and keep a copy each.
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Frequently asked questions
What is a real estate purchase agreement?
It is the contract that sets the terms for buying or selling a property, including price, deposit, closing date, and conditions. This page is a general template and a convenience, not legal advice, and for important matters consult a qualified professional in your jurisdiction.
What is earnest money?
It is a deposit the buyer puts down to show they are serious. It is usually held and then applied to the purchase, or handled as the agreement describes if the deal falls through.
What conditions are common?
Buyers often include conditions such as getting financing, a satisfactory inspection, or an appraisal. If a condition is not met by its date, the buyer may be able to end the deal.
Do I still need a deed?
Yes. The purchase agreement sets the terms, and a deed such as a warranty deed transfers ownership at closing. They are separate documents that work together.