Get Your Real Estate Purchase Agreement Now

Legal Real Estate Purchase Agreement Template for California State

The California Real Estate Purchase Agreement is a legal document that outlines the terms and conditions for buying and selling real estate in California. This form serves as a crucial tool for both buyers and sellers, ensuring that all parties understand their rights and obligations. By clearly defining the details of the transaction, it helps facilitate a smooth process from offer to closing.

Get Your Real Estate Purchase Agreement Now

Article Guide

Other Common Real Estate Purchase Agreement State Templates

How to Write a Purchase Agreement - Sets conditions for seller financing or lease-to-own options.

When navigating the complexities of legal documents, understanding the nuances of a responsible Durable Power of Attorney arrangement can empower you to make informed decisions that protect your interests and ensure your voice is heard, even in challenging situations.

Florida Purchase Agreement - Provides information on how disputes will be resolved between the parties.

Trec Texas - Allows for personal property to be included in the sale subject to negotiation.

➤ PDF File

Example - California Real Estate Purchase Agreement Form

California Real Estate Purchase Agreement

This Real Estate Purchase Agreement (“Agreement”) is made this ___ day of __________, 20__, by and between:

Seller: ________________________________
Address: ________________________________
City, State, Zip Code: ________________________________
Email: ________________________________
Phone Number: ________________________________

and

Buyer: ________________________________
Address: ________________________________
City, State, Zip Code: ________________________________
Email: ________________________________
Phone Number: ________________________________

This Agreement is governed by the laws of the State of California.

1. Property Description:
The property that is the subject of this Agreement is located at:

_______________________________________________
City: _______________ Zip Code: _______________
APN: _______________

2. Purchase Price:
The total purchase price for the property shall be $_________________ (the “Purchase Price”).

3. Earnest Money Deposit:
Buyer shall deliver an earnest money deposit of $_________________ (the “Deposit”) within ___ days of the execution of this Agreement.

4. Closing Date:
The closing date for this sale shall occur on or before the ___ day of __________, 20__ unless otherwise agreed by both parties.

5. Conditions Precedent:

This Agreement is contingent upon the Buyer obtaining financing for the Purchase Price.
The Buyer’s inspection of the property must be satisfactory.

6. Additional Terms:
___________________________________________________
___________________________________________________

7. Signatures:
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

_____________________________
Seller’s Signature

_____________________________
Buyer’s Signature

This Agreement may be executed in counterparts and by electronic signatures, which shall constitute a valid and binding agreement.

Documents used along the form

When navigating the process of buying or selling real estate in California, several important documents accompany the California Real Estate Purchase Agreement. Each of these documents serves a specific purpose, ensuring that both parties are protected and that the transaction proceeds smoothly. Below is a list of commonly used forms and documents.

Disclosure Statement: This document informs buyers about any known issues with the property, such as structural problems or environmental hazards. Sellers are legally required to disclose certain information, helping buyers make informed decisions.
Title Report: A title report provides details about the property’s ownership history and any liens or encumbrances. This ensures that the seller has the legal right to sell the property and that the buyer will receive clear title.
Contingency Addendum: This form outlines specific conditions that must be met for the sale to proceed. Common contingencies include home inspections, financing approval, or the sale of the buyer's current home.
Escrow Instructions: These instructions guide the escrow company on how to handle the funds and documents during the transaction. They ensure that all parties understand their responsibilities and the timeline of the sale.
Home Inspection Report: This report is generated after a professional inspects the property. It highlights any issues that may need addressing, allowing buyers to negotiate repairs or price adjustments.
Loan Estimate: If the buyer is financing the purchase, this document provides a detailed breakdown of the estimated costs associated with the mortgage. It includes interest rates, monthly payments, and closing costs.
Closing Disclosure: This form is provided to the buyer and seller at least three days before closing. It outlines the final terms of the loan and all closing costs, ensuring transparency before the transaction is finalized.
Divorce Settlement Agreement: This legal document outlines the terms agreed upon by both spouses during the divorce process, including crucial aspects such as asset division and child custody, and can be found at Florida PDF Forms.
Grant Deed: A grant deed is the legal document that transfers ownership of the property from the seller to the buyer. It includes a description of the property and guarantees that the seller has the right to sell it.

Understanding these documents is crucial for anyone involved in a real estate transaction in California. Each one plays a vital role in protecting the interests of both buyers and sellers, ensuring a smooth and legally sound process. Always consider seeking professional advice when dealing with real estate agreements and transactions.