This is an agreement that acts as a contract between the buyer and the seller. To the buyer, it is an agreement to purchase a home, while to the seller it is an agreement to sell the home. Both parties are bound by the contract under certain terms and conditions.
Home Purchase Agreement Form
I ____________________________ (Seller), hereby agree to sell to _____________________ (Buyer), the property as described below and any associated property, and I ________________Buyer agree to purchase the property from the Seller as per the terms and conditions of this contract.
Description:
The property is located in _______________________________ (County) _________________________ (City/State) ______________________ (address), has dimensions of _________ x ___________ and is legally described as follows:
____________________________________________________________________________________________________________________________________
Purchase Price:
Initial deposit______________________________________________________
1st Installment after the period of _____months amounting to_________________
Additional payment on acceptance of contract ___________________________
Proceeds of property such as mortgage given _____________________________
Total purchase price_________________________________________________
Others Terms & Conditions
Buyer will pay for _____________________________as will be transferred to buyer at closing, including__________________________________________
Seller will ensure good order as regards the condition of the house and appliances as follows________________________________________________________
Closing date and transfer of title scheduled for_______________, 20___.
Additional terms and conditions_______________________________________
SELLER: BUYER:
__________________ ___________________
