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 published law.
  • A proof of sources: every citation in the draft with the words it quotes, the source and whether it is the official text, 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 sources for:

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 its government publisher and dated, and labelled official only where the state designates that text official.

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

The law on file, state by state

What the drafter reads for this document in each state, from the publisher's own pages. A listed text is on file; whether it governs your matter is your call. The collection does not establish complete legal coverage.

California

Connecticut

Delaware

District of Columbia

Florida

Maryland

Massachusetts

New Jersey

New York

Ohio

Pennsylvania

Texas

Virginia

How the draft is checked

Before it writes, the drafter must quote the saved 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

Questions attorneys ask

What does Lawsmith draft for a residential purchase agreement?
Contract of sale with financing, inspection and appraisal contingencies. You start from the matter's documents, describe it in your own words, or answer plain intake questions, and the draft comes back as an editable Word document for your review.
Which states is the residential purchase agreement offered in?
All 13 states Lawsmith covers: California, Connecticut, Delaware, District of Columbia, Florida, Maryland, Massachusetts, New Jersey, New York, Ohio, Pennsylvania, Texas and Virginia.
Where do the citations come from?
From the statutes, court rules, regulations and forms Lawsmith has saved from each state's government publishers, with the date each text was read and a label saying whether it is the official text. Before writing, the drafter must quote the saved text behind each citation; a citation with no checked quotation reaches you marked for verification.
Is it reviewed by an attorney?
No. Every draft is a first draft for a licensed attorney's review before it is signed, filed or sent. Each citation in it quotes the text Lawsmith has on file or is marked for verification.
What does it cost?
Five documents free, no card. After that, Professional is $499 a month for one attorney.

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