Property sale agreements
The seller's agreement for the sale of a property: price, deposit, title, inspections and closing.
Set the terms for selling a property.
- Personal & business / Legal document
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Key features
The property and what is included
Street address, county, state and legal description copied from the existing deed, parcel reference, and lists of what is and is not included in the sale.
Price, deposit and financing
The price, deposit and further instalments, who holds the deposit, and whether the buyer is using a loan with a date by which a commitment is needed.
Title, survey and inspections
The kind of deed agreed, what the property is subject to, the buyer's right to search title, raise objections and inspect, and what happens if the parties do not agree.
Repairs, risk and condition at closing
Repairs the seller will make, who bears the risk of damage before closing, and the condition the property is delivered in.
Costs, tenants, brokers and default
Apportioned taxes and closing costs, existing tenants and deposits, brokers and commission, and what each side may do if the other does not complete.
About this document
An agreement for the sale of property records that a seller will sell, and a buyer will buy, a described property on stated terms: the legal description, what is included, the price and deposit, how the buyer is paying, title and surveys, inspections, repairs, closing and possession, costs, existing tenants and what happens if either side does not complete.
This blank form is signed by seller and buyer and leaves every figure, date and period for them to agree. Real estate sales are governed by state law and local practice, including how a contract must be signed, what disclosures must be made, who holds the deposit and how closing works, and many sales use state-specific forms or an agent or attorney. Ask a lawyer before you sign.
Is this document right for you?
Useful when
- You are selling a property to a known buyer
- You want terms written down before instructing a closing agent
- A sale between family or friends needs more than a handshake
Commonly used by
- Private sellers and buyers
- Landowners and small investors
- Families selling to a relative
Not sure? about your situation first.
Alternatives
These are separate documents, for different jobs.
- Property purchase agreementsSet the terms for buying a property.View document
- Real-estate disclosure documentsDisclose what a buyer or tenant needs to know.View document
- Grant DeedTransfer ownership of real property from one party to another.View document
- Purchase and sale legal reviewHave a lawyer check a property purchase or sale.View document
When to use this
- A homeowner sells directly to a neighbour
- A landowner sells a plot with a deposit and loan condition
- A seller agrees repairs and a holdback from the price
What happens next
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More in Real Estate Transactions & Transfers
- Gift deedFormally give property to someone as a gift.View document
- Property purchase agreementsSet the terms for buying a property.View document
- Property transfer documentsTransfer ownership of a property to someone else.View document
- Real-estate disclosure documentsDisclose what a buyer or tenant needs to know.View document
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Questions
About the property sale agreements
It is written as the agreement for the sale, signed by both. If you are the buyer making an offer first, see Property purchase agreements.
Still have a question? .