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  • How To Fill Out An Offer To Purchase

Get How To Fill Out An Offer To Purchase

How to fill out the OFFER TO PURCHASE REAL ESTATE OTP 1. OTP is used only after the seller and buyer have verbally agreed to both the purchase price and the closing date. 2. Purchase Price The price at which the seller agrees to sell the property. 3. Deposit Earnest money collected at signing of OTP in the form of a check made payable to SUPERIOR TITLE ESCROW OF KANSAS CITY usually 1 of sales price which will be held in escrow and credited to .

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How to fill out the Offer To Purchase online

Filling out an Offer To Purchase (OTP) is a critical step in real estate transactions. This guide will help you navigate the process seamlessly, ensuring you complete each section accurately and confidently.

Follow the steps to complete the Offer To Purchase efficiently.

  1. Click ‘Get Form’ button to obtain the form and open it in the editor.
  2. Begin by entering the agreed purchase price, which is the amount the seller has consented to sell the property for.
  3. Enter the deposit amount, typically around 1% of the purchase price, in the form of a check made payable to SUPERIOR TITLE & ESCROW OF KANSAS CITY. This earnest money will be held in escrow and is usually refundable if the sale does not close.
  4. Indicate that the offer is conditional. Clarify to the buyer that the OTP acts as a binder, and that a formal sales contract will be prepared by the seller’s attorney based on the information in the OTP. The seller should present this contract within 5 days.
  5. Specify that the buyer must prove their ability to secure a loan within 5 days for the purchase of the property, as this is a condition set by the seller.
  6. If the buyer opts for a home inspection, note that the seller should allow up to 15 days for its completion, and the buyer will be responsible for the cost.
  7. The seller needs to guarantee that the property is free of liens and encumbrances, which will be stated through the title insurance acquired at closing.
  8. Identify the closing date, which will also serve as the possession date for the buyer.
  9. Clarify if the buyer’s offer is contingent upon the sale of their current home. A non-contingent agreement is generally preferable for both parties.
  10. In the section for other terms, jot down any verbal agreements made between the buyer and seller, such as inclusions like appliances, or any repairs that will be addressed. If more space is required, attach a separate sheet with additional notes.
  11. Once all sections are filled out, review the information for accuracy. After confirming everything is correct, save your changes; you may download, print, or share the completed form as needed.

Start filling out your Offer To Purchase online today for a smooth real estate transaction experience.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232