For Sale by Owner Contract

Purpose: This contract is used when a property owner wishes to sell their property without the assistance of a real estate agent. It sets the terms and conditions agreed upon by the Seller and the Buyer.

1. Parties

This Real Estate Purchase Agreement ("Agreement") is entered into on {date}, by and between the following parties:

• Seller: {sellerName}, residing at {sellerAddress}
• Buyer: {buyerName}, residing at {buyerAddress}

2. Property Description

The Seller agrees to sell, and the Buyer agrees to purchase, the property located at:

Property Address: {propertyAddress}

Legal Description: {legalDescription}

3. Purchase Price and Payment Terms

Total Purchase Price: ${totalPurchasePrice}

4. Earnest Money

The Buyer shall deliver earnest money in the amount of ${earnestMoney} to {earnestMoneyHolder} within {earnestMoneyDays} days of executing this Agreement.

5. Closing and Possession

Closing Date: {closingDate}

Possession of the property shall be delivered to the Buyer on {possessionDate}, unless otherwise agreed in writing.

6. Contingencies

{#hasFinancing}This Agreement is contingent upon the Buyer obtaining financing under the following terms:

• Loan Type: {loanType}
• Loan Amount: ${loanAmount}
• Interest Rate Not to Exceed: {interestRate}%

{/hasFinancing}

{^hasFinancing}This Agreement is not contingent on Buyer obtaining financing.{/hasFinancing}

{#hasInspection}This Agreement is contingent upon a satisfactory home inspection conducted by {inspectionDeadline}.{/hasInspection}

{^hasInspection}The Buyer waives the right to an inspection.{/hasInspection}

7. Disclosures

Seller acknowledges that they have provided the Buyer with all required state and federal disclosures, including the following:

{#disclosures}

• {disclosureItem}

{/disclosures}

8. Additional Terms

{additionalTerms}

9. Entire Agreement

This document contains the entire agreement between the parties. Any modifications must be made in writing and signed by both parties.

10. Signatures