Sale By Owner Purchase Agreement Template – US

Disclaimer

The information provided here is intended solely as a general example for a private property transaction agreement within the United States. It does not constitute legal advice and should not be relied upon as a substitute for consulting a qualified attorney specializing in real estate or contractual law. Laws and regulations may vary depending on the jurisdiction, and adjustments may be required to ensure compliance with local requirements. The use of this example is the sole responsibility of the user, and we assume no liability for any errors, omissions, or consequences arising from its use without professional review.

Please note: This is a sample Sale By Owner Purchase Agreement template for the United States, provided for illustrative purposes only. Actual terms should be tailored to specific transactions and legal requirements.

Sale By Owner Purchase Agreement Sample

Parties Involved:

Seller: John Doe
Address: 123 Main Street, Anytown, USA

Buyer: Jane Smith
Address: 456 Elm Street, Othertown, USA

Property Description:

The property subject to this agreement is located at 789 Oak Avenue, Anytown, USA, including all fixtures and appurtenances as detailed herein.

Purchase Price:

The total purchase price for the property shall be $300,000, payable as detailed in this agreement, upon closing.

Payment Terms:

Buyer shall deposit an earnest money amount of $5,000 within 3 days of signing this agreement. The balance shall be paid at closing via wire transfer or other mutually agreed method.

Seller’s Representations and Warranties:

Seller warrants that they are the legal owner of the property, free of liens and encumbrances, and have the authority to sell the property under this agreement.

Closing and Possession:

The closing shall occur within 30 days of the effective date of this agreement. Possession shall transfer to the Buyer upon completion of closing procedures.

Governing Law:

This agreement shall be governed by the laws of the State of the relevant jurisdiction. Any disputes shall be resolved in courts located therein.

Additional Provisions:

• Both parties agree to execute all necessary documents to complete the sale.
• This agreement may be amended only in writing signed by both parties.
• Risk of loss shall pass to the Buyer upon transfer of possession.

Othertown, ________________________