A real estate purchase contract is a legal agreement between a buyer and seller for the transfer of property rights from the seller to the buyer in exchange for a price. The rules for purchase and sale of property usually vary from place to place. Both parties should have the legal capacity to enter into a real estate contract to make it legally binding.
184+ Real Estate Templates in PDF, Word, Excel, PSD, HTML5, WordPress, Google Docs, PowerPoint, InDesign, Apple Pages, Google Sheets, Publisher, Apple Numbers, Illustrator, Apple Keynote, Google Slides - START DOWNLOADING
5 Steps to Create a Real Estate Contract
Step 1: Identification of Parties
The real estate contract should clearly identify the buyer and seller by stating their complete names. Usually, the entire background work for real estate contracts is done by estate agents who are paid a fee or commission. Their names are included in the contract as intermediaries or brokers.
Step 2: Identification of Property
The contract must identify the property in detail as this is legally important, even though it seems unnecessary. Avoid giving a hazy outline of the property. The description should be complete and specific, with address and landmarks to avoid confusion and make a legally binding agreement to sale.
Step 3: Purchase Price and Consideration
The contract should state a reasonable price at which the property will be sold. It should also mention the consideration amount, a sum of money which is paid to the seller at the time of signing the contract to secure a promise from the buyer. The amount of consideration may vary from seller to seller.
Step 4: Signatures of Both Parties
The real estate contract must have the signatures of both the buyer and the seller to make it legally binding. The signature of one party does not make it a legal contract. If there is an emergency situation the signature obtained by fax is considered legal but under certain conditions only.
Step 5: Closing Costs and Terms of Possession
The contract should specify the closing costs and who will be paying them. It also give a statement regarding when the buyer can legally take possession of the property, that is formal handing over of keys. If there are certain contingencies, they should also be addressed in the contract.
15+ Real Estate Contract Templates
1. Private Sale Real Estate Contract Template
If you have little experience with writing and editing a contract document, this template can take off the burden from your shoulders. It has high quality content and covers all the necessary legal provisions that should be included in a sale agreement. The real estate contract template is fully customizable so you can personalize it to suit your needs.
2. Professional Estate Purchase Contract Template
Save yourself tons of hard work and make your transaction effortless by using this professionally outlined real estate purchase agreement template which is very easy to use. All you need to do is download the template and edit the suggestive text and headings to include your own details.
3. Real Estate Contract Amendment Template
Ensure hassle free amendments in your contract by making use of this real estate contract amendment template. The template will help you to make adjustable changes in your legal contract with ease and confidence. You can download, customize and edit the contents from any device at any time.
4. Basic Real Estate Contract Template
Lay down the terms and conditions for selling your property and set your standards by using this well researched and professionally formatted real estate property contract template. You can customize and edit the contents to personalize the document according to your specific requirements.
5. Asset Purchase Agreement for a Real Estate Property
This template is designed keeping in mind those people who own and handle multiple properties and may face questions regarding real estate purchases agreement and acquisitions. The contents contain suggestive text which can be modified suitably to ensure that you don’t have to worry about your rights being contested in the future.
6. Real Estate Purchase and Sale Template
Here is a real estate purchase and sale agreement template which either of the parties can use for the purpose of creating a legally-compliant document for transfer of property rights. This template is created in MS word. Therefore it is easy to edit and make minor alterations before printing.
7. Standard Real Estate Contract
This is a standard real estate purchase agreement contract form created to document the sale of property between two parties who are legally eligible to do so. You just have to fill up necessary details like the names of the buyer and seller, the purchase price of the property, contingency details and the closing date in the respective blank spaces provided.
8. Corporate Purchase Agreement
Go ahead and use this pre-formatted template to make your real estate purchase easy and effortless. The purchase contract sample given here covers all the necessary details in a proper and orderly manner so you can just make certain necessary changes to the document before it is ready to print.
9. Sample Contract to Buy and Sell Real Estate
Use this template to simplify the task of buying or selling property. It gives you the complete format including all the legal terms and conditions that make the contract a legal document. All the important points that need attention are highlighted to make them more prominent. The buy and sell agreement template is editable and easy to download and use.
10. Printable Purchase and Sale Contract
This is a purchase and buy sale agreement contract template which can be used to legalize a property transaction between a buyer and seller. It is a blank template which you can use after editing the headings and other important terms of sale like rate of taxes and mortgage rules which may vary from place to place.
11. Residential Real Estate Purchase Contract Layout
If you are planning to buy or sell real estate, this residential real estate purchase agreement template is the best choice to make your work much more easier and reduce the unnecessary stress involved in creating a contract document from scratch. You can directly use this template after downloading.
12. Agreement for the Sale of Real Estate
This is a sales agreement contract template used to specify the legal framework for buying and selling of property with the intervention of a broker. The template is available in PDF format and can be easily modified according to the local property rules and policies.
13. Purchase and Sale Contract Format
Avoid the deary task of framing a real estate contract on your own by using this purchase and sale contract template. The template gives you the complete outline for creating a sale agreement. You just need to go through the contents of the template and replace relevant information before downloading.
14. Purchase and Sale Contract of Commercial Property
Here again is a well drafted contract agreement which can be used for purchase and sale of real estate. The template uses simple but correct legal terms to describe all the transactions that lead up to the final sale of property between two parties. The property contract template can be easily customized and adapted to suit the needs of any real estate property dealer.
15. Real Estate Contract Example
This is another example of real estate sale deed, which can be used to frame a legal agreement to sale between two interested parties. The template has a ready-made framework that can be customized and edited easily, thus giving you enough time to focus on other important sale related issues.The real estate investment agreement template is easily customized and adapted to suit the need of real estate contractor.
16. Sample Agreement to Sell Real Estate
This is a purchase contract template which a seller or a broker can use if both the parties are interested to confirm and complete the legal formalities for transfer of property rights from the seller to the buyer. The template given here can be used after a little editing and replacing relevant text wherever necessary.