Real Estate Purchase Agreement

A Real Estate Purchase Agreement (also known as a Purchase and Sale Agreement, PSA, or Real Estate Contract) is a legally binding contract between a buyer and a seller that defines the terms and conditions of a real estate transaction. To transfer of real property, terms like consideration (also known as purchase price), conditions, contingencies, legal descriptions and parties must all be documented. Closing cannot occur until the terms are satisfied

A Real Estate Purchase Agreement is more than a formality, it’s the roadmap to a successful transaction. We prepare purchase agreements to align with industry standards and meet the specific expectations of all parties. From initial preparation to finalization, we provide the framework you need for a seamless sale. As part of the real estate purchase agreement preparation process, we provide the corresponding disclosure documents for completion so that both parties are fully informed and prepared to meet their statutory obligations. 

Retainer Fee: $2000.00

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Purpose of a Purchase Agreement

  • Defines the terms and conditions of a sale
  • Protects both buyer and seller from disputes
  • Provides legal enforcement for agreed-upon terms
  • Outlines payment, delivery, and contingencies

Key Parties Involved in the Agreement

  • Buyer – Individual/Entity purchasing the property
  • Seller – Current owner transferring the property
  • Real Estate Agent/Broker – Represent the buyer and/or seller and facilitate the transaction
  • Escrow Holder – Neutral third party that holds funds and documents until conditions are met
  • Lender – Financial institution providing loan funding(if applicable)
  • Title Company – Verifies property ownership and clears title issues

Key Components of a Purchase Agreement

  • Parties Involved (Buyer & Seller Details)
  • Property Information
  • Purchase Price & Payment Terms
  • Earnest Money Deposit
  • Closing Date & Conditions
  • Contingencies & Due Diligence

Services Offered by RELAWDOC

  • Flat fee pricing for peace of mind with a clear, upfront cost
  • Easy online ordering
  • Simple information collection process
  • Consultation to verify information and terms
  • Drafting of the Affidavit of Death in compliance with legal requirements
  • Review by an attorney
  • Coordination of document execution and recording as requested (for additional fees)