The California Real Estate Purchase Agreement form is a legal document used to outline the terms and conditions of a property sale in California. This form serves as a binding contract between the buyer and seller, detailing essential information such as purchase price, financing, and contingencies. Understanding this agreement is crucial for both parties to ensure a smooth transaction and protect their interests.
California Real Estate Purchase Agreement
This California Real Estate Purchase Agreement ("Agreement") is made and entered into as of the ___ day of __________, 20___, by and between:
Buyer: ____________________________________ Address: ___________________________________ ____________________________________ Phone: ________________________ Email: _________________________
Seller: ___________________________________ Address: ___________________________________ ____________________________________ Phone: ________________________ Email: _________________________
This Agreement is subject to the laws of the State of California and governs the purchase of the property located at:
Property Address: ____________________________________________________ Legal Description: ______________________________________________________
1. Purchase Price: The total purchase price for the property is $_____________.
2. Earnest Money Deposit: The Buyer agrees to pay an earnest money deposit of $_____________ upon the execution of this Agreement.
3. Financing Contingency: This Agreement is contingent upon the Buyer obtaining financing in the amount of $_____________ or more.
4. Inspection Period: The Buyer shall have ___ days to conduct inspections of the property. The Buyer must notify the Seller of any issues within this timeframe.
5. Closing Date: The closing of the sale shall occur on or before the ___ day of __________, 20___.
6. Disclosures: The Seller agrees to provide all required disclosures as mandated by California law.
Both parties acknowledge the following:
In witness whereof, the parties hereto have executed this Agreement as of the date first above written.
Buyer Signature: ___________________________ Date: ________________
Seller Signature: __________________________ Date: ________________
This Agreement represents the full understanding between the parties and supersedes all prior negotiations, discussions, or agreements.
When filling out and using the California Real Estate Purchase Agreement form, consider the following key takeaways:
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Completing the California Real Estate Purchase Agreement form is an important step in the property transaction process. Once you have filled out the form, it will serve as a legal document that outlines the terms and conditions of the sale. Follow these steps carefully to ensure accuracy and clarity.
After completing the form, review it carefully to ensure all information is accurate. Once confirmed, share the signed agreement with all parties involved and keep a copy for your records.