Real Estate Purchase Contract Template

By | December 10, 2014

Whenever a person purchases a real estate property from another person or party, then involved parties enter into a formal contract to seal with terms of the arrangement. Such a contract is known as a real estate purchase contract. A document which acts as a ready to use real estate purchase contract is known as a real estate purchase contract template.

Such a document helps the parties as it consists of almost all the fields that are needed in such a contract and is highly customizable.  These templates not only help in saving time but also avoid the need of legal expertise. A sample is provided below:

Sample Real Estate Purchase Contract Template:

This is a real estate purchase contract which is formed between the property OWNER and the BUYER of the property.

Date of purchase: ______________________ [give the date of the purchase in dd/mm/yy format]

The following are the details of the parties involved in this contract:

OWNER DETAILS

Name: _____________________ [give the name of the OWNER of the property]

Address: ____________________ [give the address of the OWNER of the property]

Mobile number: ____________________ [give the mobile number of the OWNER of the property]

BUYER DETAILS:

Name: _____________________ [give the name of the BUYER of the property]

Address: __________________ [give the address of the BUYER of the property]

Mobile number: _____________________ [give the mobile number of the BUYER of the property]

Details of the property:

Real estate property address: ______________________ [give the full address with zip code of the real estate property that is being sold from the OWNER to the BUYER through this contract]

Type: _________________ [give the category into which the property falls viz. residential, commercial, mixed use etc.]

[Mention here the various other details of the property in this space]

Payment details

Total cost of the property: ___________________ [mention here the total cost of the property]

Amount to be paid as/on: _____________________ [give the distribution of amount payment and the dates of payment]

Terms and Conditions of the contract:

  • ____________________________________________[give the basic clause of the contract in this space]
  • ____________________________________________[mention the roles and responsibilities of the parties involved in the contract in this space]
  • ___________________________________________[mention the rules and regulations which the contract imposes on the property in this space]
  • ___________________________________________[mention all the other terms and conditions of the contract in this space]

Signatures of the parties:

______________________________ [signature of the OWNER must come here]

______________________________ [signature of the BUYER must come here]