Purchase Agreement
A purchase and sale agreement is a contract between a buyer and seller for the transfer of a property in exchange for a specific amount. Once the contract is signed, the buyer is required to pay an earnest money deposit, which is non-refundable if their contingencies are met.
Purchase Agreement Templates By State
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington D.C.
- West Virginia
- Wisconsin
- Wyoming
Legally Binding Contract
When does a purchase agreement become legally binding?
The purchase and sale agreement becomes legally binding when both parties sign the contract and the buyer gets the notice that the seller has accepted the deal. The buyer can get the notice in-person, by phone, and/or email.
Most Recent US Home Facts
- Population (2023): 334,914,895
- Median Households (2022): 125,736,353
- Median Household Income (2022): $75,149
- Owner-occupied Households (2022): 64.8%
Source: U.S. Census Bureau
Frequently Asked Questions
What is a share purchase agreement?
A share purchase agreement is a contract that outline the purchase of shares in a company.
Sample Purchase and Sale Agreement Template
When does a purchase agreement become legally binding?
The purchase and sale agreement becomes legally binding when both parties sign the contract and the buyer gets the notice that the seller has accepted the deal. The buyer can get the notice in-person, by phone, and/or email.
Most Recent US Home Facts
- Population (2023): 334,914,895
- Median Households (2022): 125,736,353
- Median Household Income (2022): $75,149
- Owner-occupied Households (2022): 64.8%
Source: U.S. Census Bureau
Alabama Laws ⚖️
Buyer Beware
The “buyer beware” or “caveat emptor” is when the buyer makes the purchase “as is” and the seller does not guarantee the property.
Source: § 6-9-142
Any Known Defects of the Property
The seller has to disclose the facts if and when the buyer asks a question. This is called “Known Defects.”
Source: Moore v. Prudential Residential Services Ltd. Partnership, § 6-5-102
Required Disclosures
- Lead Based Paint Disclosure Form
- Property Disclosure Statement Form (Optional)
Frequently Asked Questions
How binding is a lease agreement in Alabama?
The agreement becomes legally binding once the Landlord and Tenant have signed the form.
How to evict someone without a lease agreement in Alabama?
The Landlord must notify the Tenant in writing to vacate the property after seven days of no rent payments in a rental without a lease (tenancy-at-will).
When does a guest become a Tenant in Alabama?
A guest becomes a Tenant when staying on the rental property for an extended period of time.
What are Tenant rights in Alabama?
The right to rental a dwelling that is habitable, privacy, non-discrimination, and the right of security deposit returns.
Sample Alabama Purchase and Sale Agreement
Most Recent US Home Facts
- Population (2023): 334,914,895
- Median Households (2022): 125,736,353
- Median Household Income (2022): $75,149
- Owner-occupied Households (2022): 64.8%
Source: U.S. Census Bureau
When does a purchase agreement become legally binding?
The purchase and sale agreement becomes legally binding when both parties sign the contract and the buyer gets the notice that the seller has accepted the deal. The buyer can get the notice in-person, by phone, and/or email.
Frequently Asked Questions
How much do real estate agents make in Alaska?
As of 2020, the average annual wage for real estate agents was $63,720.
How much is real estate in Alaska?
The average home price in Alaska is around $293,000.
How to become a real estate agent in Alaska?
Must be at least 19 years old to apply through the Alaska Real Estate Commission.
Are there real estate taxes in Alaska?
Yes.
When is the best time to travel to Alaska?
Summer months: June to August.
When to travel to Alaska?
Summer months for warmer weather and longer days but winter months for the winter sports and northern lights experiences.
Do you get paid to live in Alaska?
Yes, through the Alaska Permanent Fund.
Is Alaska a state?
Yes.
When did Alaska become a state?
January 3, 1959.
When did Alaska become a state in the United States?
Alaska became United States 49th state on January 3rd, 1959.
Alaska Purchase and Sale Agreement Sample
A Connecticut residential sale agreement form is a written contract between a buyer and seller. They negotiate the price and conditions of the transaction.
Most Recent US Home Facts
- Population (2023): 334,914,895
- Median Households (2022): 125,736,353
- Median Household Income (2022): $75,149
- Owner-occupied Households (2022): 64.8%
Source: U.S. Census Bureau
When does a purchase agreement become legally binding?
The purchase and sale agreement becomes legally binding when both parties sign the contract and the buyer gets the notice that the seller has accepted the deal. The buyer can get the notice in-person, by phone, and/or email.
Connecticut Residential Purchase and Sale Agreement Example
https://simpleforms.com/wp-content/uploads/2024/04/Connecticut-Residential-Real-Estate-Purchase-Agreement-1.pdf
A Colorado residential purchase and sale agreement is a contract between a buyer and a seller for an agreed-upon sales price. An earnest money deposit is commonly required by the buyer and is held in a trust account until the closing or if the agreement terminates.
When does a purchase agreement become legally binding?
The purchase and sale agreement becomes legally binding when both parties sign the contract and the buyer gets the notice that the seller has accepted the deal. The buyer can get the notice in-person, by phone, and/or email.
By Type (6)

Commercial Lease
Download:
Month-to-Month
Download:

Rent-to-Own-Option
Download:
Room (Roommate)
Download:
Sublease Agreement
Download:
Most Recent US Home Facts
- Population (2023): 334,914,895
- Median Households (2022): 125,736,353
- Median Household Income (2022): $75,149
- Owner-occupied Households (2022): 64.8%
Source: U.S. Census Bureau
State Laws ⚖️
- Common Interest Community (§ 38-35.7-102)
- Methamphetamine Production (§ 25-18.5-102)
- Radon Disclosure (§ 38-35.7-112)
- Potable Water (§ 38-35.7-104)
- Oil and Gas Activity (§ 38-35.7-108)
- Transportation Projects (§ 38-35.7-105)
- Special Taxing Districts (§ 38-35.7-101)
Colorado Residential Purchase and Sale Agreement Example
https://simpleforms.com/wp-content/uploads/2024/04/Colorado-Residential-Real-Estate-Purchase-Agreement-1.pdf
Delaware purchase and sale agreement is used as a contract when buying and selling property.
Most Recent US Home Facts
- Population (2023): 334,914,895
- Median Households (2022): 125,736,353
- Median Household Income (2022): $75,149
- Owner-occupied Households (2022): 64.8%
Source: U.S. Census Bureau
When does a purchase agreement become legally binding?
The purchase and sale agreement becomes legally binding when both parties sign the contract and the buyer gets the notice that the seller has accepted the deal. The buyer can get the notice in-person, by phone, and/or email.
State Laws ⚖️
Delaware Residential Purchase and Sale Agreement Example
https://simpleforms.com/wp-content/uploads/2024/04/Delaware-Residential-Real-Estate-Purchase-Agreement-1.pdf
A California residential purchase and sale agreement is a contract between a buyer and a seller for the sale of real estate. It includes all terms and contingencies. The buyer usually provides an earnest money deposit at the time of purchase.
State Laws ⚖️
- Death on Premises
- Notice of “Supplemental” Property Tax Bill
- Local Option Real Estate Transfer Disclosure Statement
- Megan’s Law
- Water-Conserving Plumbing Fixtures and Carbon Monoxide Detector Notice
- Water Heater and Smoke Detector Statement of Compliance
- Title Insurance
- Military Ordnance
- Methamphetamine Contamination
- Community Facilities District (CFD)
- Industrial Use
- Seller Property Questionnaire
Most Recent US Home Facts
- Population (2023): 334,914,895
- Median Households (2022): 125,736,353
- Median Household Income (2022): $75,149
- Owner-occupied Households (2022): 64.8%
Source: U.S. Census Bureau
When does a purchase agreement become legally binding?
The purchase and sale agreement becomes legally binding when both parties sign the contract and the buyer gets the notice that the seller has accepted the deal. The buyer can get the notice in-person, by phone, and/or email.
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California Residential Purchase and Sale Agreement Example
Idaho Residential Real Estate Purchase and Sale Agreement form is a legal contract used when selling residential real estate between a buyer and seller for an agreed amount.
Form Options By Type
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When does a purchase agreement become legally binding?
The purchase and sale agreement becomes legally binding when both parties sign the contract and the buyer gets the notice that the seller has accepted the deal. The buyer can get the notice in-person, by phone, and/or email.
Required Disclosure Forms
Idaho Realtors Agreement
- Realtors Version – PDF
Frequently Asked Questions
Do property defects have to be disclosed?
Yes, any known property defects must be disclosed in Idaho.
Source: Property Condition Disclosure Act
Idaho Residential Real Estate Purchase and Sale Agreement
Preview Sample
https://simpleforms.com/wp-content/uploads/2024/05/Idaho-Commercial-Lease-Agreement-1-1.pdf
Indiana Residential Real Estate Purchase and Sale Agreement form is a legal contract used when selling residential real estate between a buyer and seller for an agreed amount listed in the agreement.
Form Options By Type
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When does a purchase agreement become legally binding?
The purchase and sale agreement becomes legally binding when both parties sign the contract and the buyer gets the notice that the seller has accepted the deal. The buyer can get the notice in-person, by phone, and/or email.
State Law ⚖️
Homeowners Association – Seller must provide all governing documents to the buyer.
Source: § 32-21-5-8.5
Required Disclosure Forms
Indiana Residential Real Estate Purchase and Sale Agreement: Sample
Preview PDF Example:
https://simpleforms.com/wp-content/uploads/2024/05/Indiana-Residential-Real-Estate-Purchase-Agreement-1.pdf