Fillable Real Estate Purchase Agreement Template for California Access This Form

Fillable Real Estate Purchase Agreement Template for California

The California Real Estate Purchase Agreement is a legally binding document that outlines the terms and conditions of a property sale in California. This form serves as a crucial tool for buyers and sellers, detailing important aspects such as purchase price, contingencies, and closing dates. Understanding this agreement is essential for anyone involved in a real estate transaction in the state.

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Overview

The California Real Estate Purchase Agreement form serves as a vital document in the home-buying process, outlining the terms and conditions agreed upon by both the buyer and the seller. This comprehensive agreement includes essential details such as the purchase price, the closing date, and any contingencies that must be met before the sale can be finalized. Additionally, it specifies the property description, ensuring both parties are clear on what is being sold. Buyers will find provisions regarding earnest money deposits, which demonstrate their serious intent to purchase, while sellers can outline any disclosures required by law. The form also addresses potential repairs or improvements to the property, providing a framework for negotiations. By clearly defining the rights and responsibilities of each party, the California Real Estate Purchase Agreement helps to facilitate a smoother transaction, minimizing misunderstandings and protecting the interests of everyone involved.

California Real Estate Purchase Agreement Preview

California Real Estate Purchase Agreement

This California Real Estate Purchase Agreement ("Agreement") is entered into by and between the Buyer and Seller under the terms and conditions set forth herein. This document is specific to transactions within the State of California and adheres to all relevant state laws including, but not limited to, the California Civil Code.

Date: ___________________

Property Address: _____________________________

Buyer's Name: ___________________________________

Seller's Name: _________________________________

Purchase Price: $______________________

This Agreement outlines the terms and conditions under which the property located at the address specified above will be transferred from the Seller to the Buyer. The parties agree to the following:

  1. Legal Description of the Property: ________________________________________.
  2. Personal Property Included: _____________________________________________.
  3. Initial Deposit: An initial deposit of $______________ to be held in escrow.
  4. Financing: This purchase is ☐ contingent upon the Buyer obtaining financing ☐ not contingent upon financing.
  5. Closing Date: The closing of this sale shall take place on ____________________.
  6. Disclosures: Seller agrees to provide all required disclosures related to the property's condition, including any known defects, within ___ days of this Agreement's effective date.
  7. Home Inspection: Buyer has the right to conduct a home inspection within ___ days of the effective date of this Agreement.
  8. Repairs: Any agreed repairs to be made by the Seller must be completed by the closing date.
  9. Title: Seller agrees to transfer clear and marketable title to the Buyer using a ____ Deed.
  10. Closing Costs: The parties agree that closing costs will be allocated as follows: ________________________________________.
  11. Prorations: Property taxes, utility bills, and other costs will be prorated as of the closing date.
  12. Possession: Buyer shall take possession of the property on the day of closing, unless otherwise agreed.
  13. Termination: This Agreement may be terminated under the following conditions: ______________________________________.
  14. Governing Law: This Agreement shall be governed by the laws of the State of California.

IN WITNESS WHEREOF, the parties have executed this agreement on the date first above written.

Buyer's Signature: ___________________________ Date: _______________

Seller's Signature: __________________________ Date: _______________

This document is intended to provide a basic structure for a real estate purchase agreement. It is highly recommended that both Buyer and Seller consult with a qualified real estate attorney before finalizing this agreement.

⇓ Real Estate Purchase Agreement PDF Form

File Characteristics

Fact Name Details
Governing Law The California Real Estate Purchase Agreement is governed by California state law.
Purpose This form is used to outline the terms and conditions of a real estate transaction between a buyer and a seller.
Parties Involved The agreement identifies the buyer and seller, including their legal names and contact information.
Property Description A detailed description of the property being sold is included, such as the address and legal description.
Purchase Price The total purchase price is clearly stated, along with any deposit amounts and payment terms.
Contingencies Common contingencies, such as financing and inspections, are outlined to protect both parties.
Closing Date The agreement specifies a closing date, which is the date when the property transfer is finalized.
Signatures Both parties must sign the agreement for it to be legally binding, along with the date of signing.
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