Residential Purchase Agreement
This Purchase Agreement is made between __________ ("Seller") and __________ ("Buyer").
1. Property
Seller agrees to sell and Buyer agrees to buy the real property at __________, with all fixtures and improvements.
2. Purchase Price
The purchase price is $__________, payable at closing. Financing: __________.
3. Earnest Money
Buyer shall deposit $__________ as earnest money within three (3) business days, to be credited toward the purchase price.
4. Inspection
Buyer may inspect the property within __________ days of acceptance and may cancel this agreement in writing within that period if dissatisfied, with earnest money refunded.
5. Title
Seller shall convey marketable title by warranty deed, free of liens and encumbrances except those accepted by Buyer.
6. Closing
Closing shall occur on or before __________. Possession transfers at closing.
7. Governing Law
This agreement is governed by the laws of the State of __________.
Seller: __________
Date: ____________
Buyer: __________
Date: ____________
This document was generated by Nexus Docs and is not legal advice. Laws vary by state; consult a licensed attorney for your situation.