A Real Estate Purchase Agreement Form does not transfer a title to a building, lot, or home, but it does set out the parameters for doing so. It helps you determine the responsibilities of all parties involved before transferring the property in question. It is important to understand the legalities when writing contracts. This is not something we recommend you do without professional guidance. Always practice CYA when you are writing contracts.
When you have identified the property that you are going to be writing an offer on, it is important to know what documents you are going to need in order to submit a formal offer to purchase a property. If you are working with a Real Estate Agent / Broker, they will usually have a standard purchase agreement that they use to write offers. These documents are provided through zip forms or other, and are provided to agents by their association.
However, if you are not working with a real estate agent or broker, it is important that you draft a professional and legally binding purchase agreement that you understand thoroughly. We advise you to hire a Real Estate Attorney, who can help you draft a contract.
Here are other online resources where you can get a generic purchase agreement.
Always practice honesty and do not mislead clients. Adhere to qualities of fairness. Operate with the highest level of integrity, which entails acting honestly and ethically when dealing with all parties to reduce controversy and avoid going to court.
Best Practices -Always have a licensed real estate professional or attorney write the contracts for you. This will ensure that you are protected in the event there is disagreement between parties, it can be resolved without landing you in court and spending money on legal fees, or worse end up oil prison!
Be sure to check out the PDF file to see an example of a purchase agreement.