Real Estate

Residential Purchase Agreement

Contract of sale with financing, inspection and appraisal contingencies.

What you get

  • An editable Word document, drafted from your answers and the state's official text.
  • A proof of sources: every citation in the draft with the words it quotes, the official source, the date the text was saved and its fingerprint.
  • Notes for counsel listing each point marked [VERIFY], each blank and each choice left for the client.

What the intake asks

Plain questions, in the order an attorney would take the facts. Anything left blank stays a marked blank in the draft; nothing is invented to fill it.

The parties and the property

  • Our client is the
  • Buyer(s)
  • Seller(s)
  • Property address
  • Property and transaction details
  • First signed offer or purchase contract date
  • Legal description or tax parcel ID

Money

  • Purchase price
  • Earnest money deposit
  • Who holds the deposit
  • Deposit payment, custody and release terms
  • Agreed remedies for buyer and seller default

Financing and contingencies

  • Financing
  • Loan amount or percentage
  • Financing contingency deadline
  • Loan and financing-contingency terms
  • Seller-financing terms
  • Appraisal contingency
  • Appraisal shortfall and notice terms
  • and 4 more

Closing

  • Closing date
  • Possession
  • Possession terms
  • Deed, title standard and closing deliveries
  • Prorations and surviving terms

What conveys

  • Items included
  • Items excluded
  • Closing cost allocation

Condition and disclosures

  • Was the home built before 1978
  • Disclosure documents and delivery
  • Is the home in a homeowners association, condominium or co-op
  • Association type
  • Type of sale
  • Association documents and sale details
  • Is anyone renting the home now
  • and 9 more

Where it is offered

Every state Lawsmith has official sources for:

Official sources on file

The drafter works from the texts Lawsmith has saved for this document in the state you choose, plus federal law where it applies. Each is read from the official publisher and dated.

StateSources for this document
California31
Connecticut32
Delaware41
District of Columbia38
Florida27
Maryland38
Massachusetts24
New Jersey39
New York52
Ohio21
Pennsylvania52
Texas26
Virginia39

Among them, for New Jersey:

  • N.J.S.A. 46:3-13 Fee simple; creation by deed; construction favorable to creation
  • N.J.S.A. 46:26A-3 Prerequisites for recording.
  • N.J.S.A. 56:8-19.1 Exemption from consumer fraud law, certain real estate licensees, circumstances.
  • N.J.S.A. 2A:18-61.1 Grounds for removal of tenants.
  • N.J.S.A. 2A:18-61.2 Removal of residential tenants; required notice; contents; service

How the draft is checked

Before it writes, the drafter must quote the official text behind each citation. Lawsmith compares every quotation with the text on file, character for character; a citation with no checked quotation reaches you marked [VERIFY]. The draft still needs your review before it is signed, filed or sent. How citations are checked

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