Real Estate Purchase Agreement

Purpose: This Real Estate Purchase Agreement ("Agreement") is a legally binding contract for the sale and purchase of the real estate property described below. This document outlines the terms, conditions, and obligations of both the buyer and the seller.

1. Parties

This Agreement is entered into on {agreementDate} by and between:

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

2. Property Description

The property that is the subject of this Agreement is located at:
Address: {propertyAddress}
Legal Description: {legalDescription}
Parcel Number: {parcelNumber}

3. Purchase Price

The total purchase price for the Property shall be ${purchasePrice}, to be paid as follows:

• Deposit: ${depositAmount} upon signing this Agreement
• Balance: ${balanceAmount} at closing

4. Financing

{#isFinanced}

The Buyer agrees to obtain financing for the purchase of the Property under the following terms:

• Loan Amount: ${loanAmount}
• Lender: {lenderName}
• Type of Loan: {loanType}

{/isFinanced}

{^isFinanced}

The Buyer will be paying the full amount in cash and will not obtain financing.

{/isFinanced}

5. Closing

The closing of the purchase and sale of the Property shall occur on {closingDate}, at {closingLocation}.

6. Conditions and Contingencies

• Seller to provide clear title
• Inspection period ends on {inspectionDate}
• Appraisal to be completed by {appraisalDate}

7. Included Items

The following items are included in the sale of the Property:

{#includedItems}

• {item}

{/includedItems}

8. Additional Terms and Agreements

{additionalTerms}

9. Signatures

This Agreement is acknowledged and agreed to by the following parties:

10. Governing Law

This Agreement shall be governed by and interpreted in accordance with the laws of the State of {governingState}.