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 __________.