Connecticut Residential Purchase and Sale Agreement
A Connecticut purchase and sale agreement form is a contract between a buyer and seller in Connecticut. It includes the price and terms of the transaction. When both parties (buyer and seller) sign the agreement form, it then becomes legally binding and can only be terminated if both the buyer and seller agree.
Buyer inspects property. Seller discloses current state, including known defects as required by law. No further inspections are needed. Seller only discloses current problems.
Purchase Agreement Timeline
- Day 1 – The Seller accepts the buyer’s offer.
- Day 2-14 – The agreement is drafted then both parties sign the purchase agreement.
- Day 15-25 – The buyer usually schedules the home inspection and the Title Search begins.
- Day 26-70 – Financing is secured. The seller starts to move out (vacate) the property.
- Closing Day – The home sale is complete once both parties sign the purchase agreement.
Lead-Based Paint Disclosure – Any housing structure built before 1978 requires lead paint disclosure under federal law.
Condo Community Disclosure – Disclosure of common-interest community required for condominiums.
Source: § 830