Common Contracts
1 similar California Residential Purchase Agreement contracts
California residential purchase agreement 2019 pdfCalifornia Residential Purchase Agreement • October 27th, 2024
The California residential purchase and sale agreement is a binding contract outlining terms and conditions for property transactions between buyers and sellers. Prior to signing, parties negotiate essential aspects such as price, financing, inspections, and contingencies until both are satisfied with the arrangement's overall outline. Key elements of the agreement include: - Purchase price - Earnest money - Financing options - Inspection costs - Closing date and terms - Contingencies Only when both parties agree on these terms will they sign the document. The 2015 California Realtors Association purchase agreement is available, providing a standardized framework for residential real estate transactions. sellers are required to disclose: - Environmental hazards (relieved of duty by providing an environmental hazards pamphlet) - Industrial uses adjacent or zoned for - Earthquake safety measures - Lead-based paint (if the property was built before 1978) - Local option property disclosure
