90 Best Real Estate Purchase Agreement Templates

1. Clarity of Terms
Ensure the purchase price, deposit, payment schedule, and closing date are explicit in the template. Include handling of prorations, escalation clauses, and any rent-back or occupancy provisions to prevent future disputes.

2. Contingencies and Deadlines
Incorporate common contingencies (financing, appraisal, inspections) with defined deadlines and remedy options if conditions are not met. Specify who bears costs and what happens if contingencies are waived or extended.

3. Representations, Disclosures, and Remedies
Require seller disclosures for known defects and material facts, and outline buyer remedies for misrepresentation. Include warranty exclusions and dispute resolution processes to protect both parties.