Common Contracts
1 similar Residential Purchase Agreement contracts
How to fill out residential purchase agreementResidential Purchase Agreement • May 24th, 2021
In real estate, a purchase contract is a contract between a buyer who wants to buy a house or another piece of real property and a seller who owns that property and wants to sell it. A real estate purchase contract is usually proposed by a buyer, and subject to the acceptance of the terms of the seller. A real estate purchase contract does not actually transfer the title of a house, building, or lot. Instead, it provides a framework for the rights and responsibilities of each party before the legal transfer of the title may occur. Content Table 1. Details of the real estate purchase contract A simple purchase agreement for real estate will identify the following basic elements: Detail buyer and seller: Full names and contact information of the parties to the contract. Property details: The address of the property, as well as a legal description of the land to accurately identify the location of the property. A legal description of the land will be commonly in destinations and limits an
