Purchase and sale agreement - Reliant Realty Agent Dashboard 2025

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The document is a comprehensive Purchase and Sale Agreement outlining the terms and conditions for the sale of real estate between a buyer and seller. It includes details on the property being sold, purchase price, payment methods, closing costs, inspection rights, earnest money deposits, and contingencies related to financing and appraisals. Additionally, it addresses responsibilities of both parties regarding disclosures, inspections, warranties, and legal obligations. The agreement emphasizes the importance of consulting professionals for various aspects of the transaction and includes provisions for potential defaults by either party.

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Click ‘Get Form’ to open it in the editor.
Begin by filling in the Buyer and Seller information. Ensure that all names are spelled correctly and include any necessary middle initials.
In the Property section, provide the complete address, including city, state, and zip code. This is crucial for identifying the property involved in the transaction.
Detail any included fixtures or items that will remain with the property. Use checkboxes where applicable to clarify what is included or excluded from the sale.
Specify the Purchase Price and method of payment. Be sure to select appropriate options regarding financing contingencies if applicable.
Complete sections on closing costs, earnest money deposits, and any special stipulations that may apply to your agreement.
Review all entries for accuracy before saving or sending for signatures. Utilize our platform's features to ensure everything is clear and professional.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What happens after a purchase and sale agreement is signed?

Once the purchase agreement is signed, the home is officially under contract. Before you can officially move out of your old house, there are a few more steps you need to take, which include making an earnest money deposit, scheduling a home inspection, and eventually, closing on your new house.

Can a buyer pull out after signing contracts?

Once youve signed the Contract of Purchase and Sale (CPS), youre legally bound to the contract terms. However, the CPS often includes conditions (like financing or inspection) that, if not met, may allow the buyer to back out without penalty.

What is next after signing a contract?

When contracts are signed by both parties you will be required to pay a deposit, which is usually 10% of the purchase price. The deposit is paid to the sellers real estate agent or solicitor who will place the money into a trust account until settlement when the balance of the purchase price is paid.

What is a purchase and sale agreement in real estate?

A purchase and sale agreement, or PSA, is a document that is written up and signed after a buyer and seller mutually agree on the price and terms of a real estate transaction.