The Real Estate Buyers Agreement Form serves as the primary contract document in U.S. property transactions. It is essential when any party seeks to purchase residential or commercial real estate, providing legal protection for both buyers and sellers. This standardized form includes crucial elements such as property details, purchase price, contingencies, and closing requirements. It must comply with both federal regulations and state-specific real estate laws, making it a fundamental document in the property acquisition process.
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1. Parties: Identification of buyer and seller, including legal names and addresses
2. Background: Context of the transaction and property details
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed description of the property being purchased, including address, legal description, and included fixtures
5. Purchase Price: Amount and payment terms, including deposit structure and payment schedule
6. Earnest Money: Details of deposit amount, handling, and escrow arrangements
7. Closing Date: Timeline, closing requirements, and conditions for completion of sale
8. Representations and Warranties: Statements of fact and promises made by both parties regarding the property and transaction
9. Default and Remedies: Consequences and available remedies if either party fails to perform
10. Governing Law: Specification of applicable state law and jurisdiction
1. Financing Contingency: Terms and conditions for buyer obtaining mortgage financing, including timeline and requirements
2. Home Inspection Contingency: Terms for property inspection, timeline, and right to terminate based on findings
3. Sale of Existing Home Contingency: Conditions related to buyer needing to sell current home before completing purchase
4. HOA Provisions: Terms related to homeowners association membership, fees, and regulations
5. Environmental Matters: Provisions dealing with environmental issues, testing, and remediation requirements
1. Schedule A - Property Disclosure Statement: Seller's mandatory disclosure of property condition and known issues
2. Schedule B - Lead-Based Paint Disclosure: Federally required disclosure for properties built before 1978
3. Schedule C - Property Survey: Official property boundaries, measurements, and easements
4. Schedule D - Title Report: Current status of property title, liens, and encumbrances
5. Schedule E - Inspection Reports: Results of any property inspections conducted
Relevant legal definitions
Agreement
Buyer
Seller
Property
Purchase Price
Closing Date
Closing
Earnest Money
Earnest Money Holder
Effective Date
Escrow Agent
Fixtures
Improvements
Inspection Period
Personal Property
Real Property
Settlement Statement
Title Company
Title Insurance
Title Report
Business Day
Contingencies
Due Diligence
Good Faith Deposit
Marketable Title
Material Defect
Permitted Exceptions
Property Disclosure Statement
Purchase and Sale Agreement
Recording
Special Assessments
Survey
Warranty Deed
Zoning Laws
Deed Restrictions
Encumbrances
Force Majeure
Possession Date
Prorations
Transfer Tax
Buyer
Seller
Property
Purchase Price
Closing Date
Closing
Earnest Money
Earnest Money Holder
Effective Date
Escrow Agent
Fixtures
Improvements
Inspection Period
Personal Property
Real Property
Settlement Statement
Title Company
Title Insurance
Title Report
Business Day
Contingencies
Due Diligence
Good Faith Deposit
Marketable Title
Material Defect
Permitted Exceptions
Property Disclosure Statement
Purchase and Sale Agreement
Recording
Special Assessments
Survey
Warranty Deed
Zoning Laws
Deed Restrictions
Encumbrances
Force Majeure
Possession Date
Prorations
Transfer Tax
Clauses
Property Description
Purchase Price
Payment Terms
Earnest Money
Due Diligence
Inspection Rights
Financing Contingency
Title and Survey
Representations and Warranties
Closing Conditions
Closing Costs
Property Condition
Default and Remedies
Risk of Loss
Property Access
Assignment
Agency Disclosure
Notices
Time of Essence
Force Majeure
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Counterparts
Survival
Property Transfer
Possession
Prorations and Adjustments
Disclosure Requirements
Environmental Matters
Termination Rights
Insurance
Indemnification
Purchase Price
Payment Terms
Earnest Money
Due Diligence
Inspection Rights
Financing Contingency
Title and Survey
Representations and Warranties
Closing Conditions
Closing Costs
Property Condition
Default and Remedies
Risk of Loss
Property Access
Assignment
Agency Disclosure
Notices
Time of Essence
Force Majeure
Governing Law
Dispute Resolution
Severability
Entire Agreement
Amendment
Counterparts
Survival
Property Transfer
Possession
Prorations and Adjustments
Disclosure Requirements
Environmental Matters
Termination Rights
Insurance
Indemnification
Relevant Industries
Relevant Teams
Relevant Roles
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