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The contract must be in writing, contain the full names of the buyer(s) and seller(s), identify the property address or legal description, identify the sales price, and include signatures by the parties.

At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.

Identifying the Address and Parties Involved First and foremost, a purchase agreement must outline the property at stake. It should include the exact address of the property and a clear legal description. Additionally, the contract should include the identity of the seller and the buyer or buyers.

The character of the offer must be explicit, the property must be accurately defined to identify the subject matter, and the price must be exact. Ultimately, both parties must agree to all terms mutually in an official offer and acceptance.

The essence of a real estate contract is offer and acceptance. The requirement of offer and acceptance applies to each of the major elements of the transaction, which typically include identity of the property and price.

How to write a real estate purchase agreement Identify the address of the property being purchased, including all required legal descriptions. Identify the names and addresses of both the buyer and the seller. Detail the price of the property and the terms of the purchase. Set the closing date and closing costs.

Valid Contracts First, it must include a valid home purchase agreement in writing. Second, the contract must contain an offer from the buyer and an acceptance from the seller. Third, the purpose of the contract must be legal. Finally, it must include an exchange of things that have value, like money for property.