A real estate purchase contract is a written document that is made during the purchase of a real estate. This document is made and signed between two parties known as BUYER and SELLER and is enforceable under law. It contains certain detailed terms and conditions which have to be followed by the parties under the contract period.
Sample real estate purchase contract
This real estate purchase contract is made on the 27th of January of the year 2011 by and among the parties called as the ‘SELLER’ and the ‘BUYER’ throughout the contract document.
Mr. Paul Lesley is herein referred to as the SELLER in the contract and his residential address is 34-F, Martin Avenue, London. He can be reached at 4739895895545.
Mr. Dan Black is herein referred to as the BUYER in the contract and his residential address is 12-IJF, Hedley district, London. He can be reached at 478930893055.
Seller’s company name: Lesley estate.
Address of real estate: W-9K, Main street road, London
Area: 1000 acres
Purchase price: $ 3000
The following are the terms and conditions of the contract:
- The BUYER agrees to purchase the real estate by paying the amount on the possession date which is 1st March, 2011.
- The SELLER’s real estate firm is a validly existing company since the last 20 years and false information shall be met with implications that come under law.
- The BUYER would have to pay the purchase price on the right time and the failure to do so will entitle the SELLER to take actions against the BUYER.
Dan Black Paul Lesley