Real Estate Purchase Agreement

This Real Estate Purchase Agreement (the “Agreement”) is made and entered into on [insert date] by and between [insert name of seller], (the “Seller”), and [insert name of buyer], (the “Buyer”).

WHEREAS, the Seller desires to sell and the Buyer desires to purchase the property located at [insert address of property] (the “Property”).

NOW, THEREFORE, for and in consideration of the mutual promises and covenants contained herein, the parties agree as follows:

Purchase and Sale. The Seller agrees to sell the Property to the Buyer, and the Buyer agrees to purchase the Property from the Seller, for the purchase price of [insert purchase price] (the “Purchase Price”).
Closing Date. The closing of the sale and purchase of the Property (the “Closing”) shall take place on [insert closing date], or on such other date as may be agreed upon by the parties in writing (the “Closing Date”).
Payment of Purchase Price. At the Closing, the Buyer shall pay the Purchase Price to the Seller by [insert payment method]. The Seller shall provide evidence of title to the Property to the Buyer at the Closing.
Closing Costs. The parties agree to pay their respective closing costs, including, but not limited to, any fees charged by the title company, attorneys’ fees, and any other costs associated with the Closing.
Title to Property. The Seller shall provide the Buyer with a marketable title to the Property, free and clear of all liens and encumbrances, except as otherwise provided in this Agreement.
Property Condition. The Buyer acknowledges that the Property is being sold in its “as-is” condition, and the Buyer accepts the Property in its current condition.
Inspection Period. The Buyer shall have [insert number of days] days from the date of this Agreement to inspect the Property. If the Buyer is not satisfied with the condition of the Property, the Buyer may terminate this Agreement by providing written notice to the Seller prior to the expiration of the inspection period.
Default. In the event that either party defaults under this Agreement, the non-defaulting party shall have the right to terminate this Agreement and retain any deposits made by the defaulting party as liquidated damages.
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the [insert state/country].
Entire Agreement. This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements between the parties with respect to the subject matter hereof.
IN WITNESS WHEREOF, the parties have executed this Real Estate Purchase Agreement as of the date first above written.

Seller’s Signature: __________________________

Buyer’s Signature: __________________________