Real Estate Purchase Agreement Template

Created April 6, 2026

This Real Estate Purchase Agreement (the "Agreement") is entered into and made effective as of [Effective Date] (the "Effective Date"), by and between [Seller Name], a [Entity Type and Jurisdiction] with a principal address at [Seller Address] ("Seller"), and [Purchaser Name], a [Entity Type and Jurisdiction] with a principal address at [Purchaser Address] ("Purchaser"). Seller and Purchaser may be referred to collectively as the "Parties" or individually as a "Party."

WHEREAS, Seller is the legal and beneficial owner of certain real property, together with all improvements thereon, located at [Property Address] and more particularly described below (the "Property");

WHEREAS, Purchaser desires to purchase the Property from Seller, and Seller desires to sell the Property to Purchaser, on the terms and conditions set forth in this Agreement;

NOW, THEREFORE, in consideration of the mutual covenants, representations, warranties, and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows:

  1. Purchase Price and Payment Terms

    1. The total purchase price for the Property (the "Purchase Price") shall be [Purchase Price Amount] in lawful currency of [Jurisdiction].

    2. Purchaser shall pay the Purchase Price as follows: (a) an initial deposit as set forth in Section 3 below; and (b) the balance of the Purchase Price at Closing by wire transfer of immediately available funds to the account designated by Seller.

    3. Purchaser shall deliver the entire Purchase Price at the Closing, subject to adjustments, prorations, and credits as provided in this Agreement.

    4. Any financing to be obtained by Purchaser shall be at Purchaser’s sole cost and risk, and this Agreement shall not be contingent upon Purchaser obtaining such financing unless expressly stated herein.

    5. Purchaser shall provide Seller with evidence of funds or financing commitment within [Number] days following the Effective Date.

    6. In the event of any failure by Purchaser to pay the Purchase Price as required herein, Seller shall be entitled to all remedies set forth in Section 12.

    7. Purchaser may, at its election, pay all or part of the Purchase Price through escrow, and Seller agrees to cooperate with any escrow arrangements reasonably requested by Purchaser.

    8. The Purchase Price may be amended only by written agreement executed by both Parties.

  2. Deposit and Earnest Money Provisions

    1. Purchaser shall deposit earnest money in the amount of [Earnest Money Amount] (the "Deposit") with [Escrow Agent Name or "an escrow agent mutually agreeable to the Parties"], within [Number] business days after the Effective Date.

    2. The Deposit shall be held in escrow pursuant to the terms of a separate escrow agreement and shall be applied to the Purchase Price at Closing.

    3. If Purchaser fails to deposit the Deposit within the specified period, Seller shall have the right to terminate this Agreement by written notice to Purchaser.

    4. If the transaction contemplated herein is consummated, the Deposit shall be credited against the Purchase Price as set forth in this Agreement.

    5. If this Agreement is terminated due to the failure of a condition precedent set forth in Section 8, the Deposit shall be promptly returned to Purchaser, unless otherwise expressly provided.

    6. If Purchaser defaults under this Agreement, the Deposit shall be paid to Seller as liquidated damages, as further detailed in Section 12.

    7. If Seller defaults, the Deposit shall be returned to Purchaser and Purchaser shall be entitled to pursue any remedies set forth in Section 12.

    8. The Parties agree that the Deposit constitutes earnest money and not a penalty.

  3. Description of Real Property and Improvements

    1. The Property subject to this Agreement is located at [Property Address], consisting of [Legal Description of Real Property], together with all buildings, structures, fixtures, improvements, and appurtenances thereon (collectively, the "Improvements").

    2. The Property includes all rights, privileges, easements, permits, licenses, hereditaments, and appurtenances belonging or pertaining thereto, whether recorded or unrecorded.

    3. All fixtures and items of personal property affixed to, located on, or used in connection with the Property as of the Effective Date, including but not limited to [list major fixtures, HVAC, lighting, elevators, etc.], shall be included in the sale, unless expressly excluded in writing by Seller.

    4. Seller represents that the Property is comprised of approximately [Number] square feet of land and [Number] square feet of improvements.

    5. All utility connections, service lines, and related equipment serving the Property shall be included, and Seller shall not remove or alter any such improvements prior to Closing without Purchaser’s written consent.

    6. The legal description of the Property shall be as set forth in the public records of [County/City, Jurisdiction], or as otherwise agreed by the Parties in writing.

    7. In the event of any discrepancy between the street address and the legal description, the legal description shall control.

    8. Purchaser acknowledges that it has had the opportunity to review the physical and legal aspects of the Property and accepts the Property in its current condition, subject to the terms of this Agreement.

  4. Title and Title Insurance

    1. Seller shall deliver to Purchaser, at Seller’s sole cost and expense, good, marketable, and insurable fee simple title to the Property, free and clear of all liens, encumbrances, claims, covenants, restrictions, and easements except those specifically approved by Purchaser in writing (the "Permitted Exceptions").

    2. Seller shall, within [Number] days after the Effective Date, order and deliver to Purchaser a current commitment for an owner’s title insurance policy (the "Title Commitment") issued by [Title Company Name], together with legible copies of all documents referenced in the Title Commitment.

    3. Purchaser shall have [Number] days after receipt of the Title Commitment and underlying documents to provide Seller with written notice of any objections to title ("Title Objections").

    4. If Purchaser raises any Title Objections, Seller shall have [Number] days to cure such objections, and if unable or unwilling to do so, Purchaser may elect to (a) accept title subject to such exceptions, or (b) terminate this Agreement and receive a return of the Deposit.

    5. At Closing, Seller shall deliver to Purchaser an owner’s title insurance policy in the full amount of the Purchase Price, issued by the Title Company, insuring Purchaser’s title to the Property, subject only to the Permitted Exceptions.

    6. Seller shall pay the premium for the owner’s title insurance policy; Purchaser shall pay for any lender’s title insurance, if required.

    7. Any survey required by the Title Company or Purchaser shall be at Purchaser’s expense, unless the survey reveals a material defect, in which case Seller shall bear such cost.

    8. In the event of any defect in title not constituting a Permitted Exception, Seller shall be obligated to cure such defect at its sole cost before the Closing Date.

  5. Due Diligence and Inspection Rights

    1. Purchaser shall have the right, at its sole cost and expense, to enter the Property and conduct any inspections, studies, surveys, tests, and investigations deemed necessary or desirable, including but not limited to structural, environmental, zoning, and soil testing.

    2. Purchaser’s inspection rights shall commence on the Effective Date and continue for a period of [Number] days (the "Due Diligence Period").

    3. Seller shall cooperate fully with Purchaser and Purchaser’s agents in facilitating all inspections and shall provide reasonable access to the Property during normal business hours.

    4. Purchaser shall provide Seller with advance written notice of at least [Number] business days prior to entering the Property for inspections.

    5. Purchaser shall restore the Property to its prior condition following completion of any inspections and shall indemnify and hold Seller harmless from any damages, claims, or liabilities arising from Purchaser’s inspection activities.

    6. Purchaser may terminate this Agreement by delivering written notice to Seller on or before the expiration of the Due Diligence Period if Purchaser is unsatisfied with the results of its investigations, in which case the Deposit shall be returned to Purchaser.

    7. Purchaser shall have the right to review all existing reports, warranties, permits, and governmental notices relating to the Property, which Seller shall provide upon request.

    8. In the event Purchaser does not provide written notice of termination prior to the expiration of the Due Diligence Period, Purchaser shall be deemed to have accepted the condition of the Property, subject to Seller’s representations and warranties herein.