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Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement - Virginia 2026

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The document is a contract for the sale and purchase of real estate in Virginia, outlining the agreement between the Seller and Buyer regarding the property, sales price, financing options, property condition disclosures, closing procedures, title transfer, and responsibilities of both parties. It includes provisions for earnest money, inspections, and legal obligations related to lead-based paint hazards for properties built before 1978. The contract emphasizes that it is not contingent on broker involvement and establishes terms for default and dispute resolution.

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How to use or fill out Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement - Virginia

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Click ‘Get Form’ to open it in the editor.
Begin by filling in the 'AGREEMENT TO SALE AND PURCHASE' section. Clearly identify the property by entering the county, address, and legal description.
In the 'SALES PRICE' section, input the agreed purchase price and detail any financing arrangements such as earnest money or seller financing.
Complete the 'PROPERTY CONDITION' section by indicating whether a Residential Disclosure Statement has been provided and if lead-based paint disclosures are applicable.
Fill out the 'CLOSING' section with a proposed closing date and any necessary extensions based on financing approvals.
Review all sections carefully, ensuring that initials are placed where required, particularly in areas concerning buyer and seller agreements.

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Got questions?

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 is the simple agreement between buyer and seller?

A sales and purchase agreement is a legally binding agreement obligating a buyer and a seller to terms of a transaction. The SPA outlines all of the terms and conditions of the exchange and must be signed by both parties.

How do you write a simple purchase agreement?

A basic 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.

Can a buyer back out of a contract in Virginia?

Most, but not all, contracts in Virginia do provide for valid reasons to cancel the contract and if one of those reasons are available to the Buyer, then the decision not to close will not constitute a bdocHub.

What is the basic purchase and sales agreement?

This legally enforceable document details the transaction, including the specific assets being transferred, payment terms, timelines, and conditions that must be met before the sale is finalized. Purchase and sale agreements are foundational to complex transactions, especially in real estate and business acquisitions.

Can I write my own purchase and sale agreement?

Buyers and sellers: In private sales, parties may draft their own agreements (though professional review is highly recommended)

for sale by owner contract

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What type of contract is a seller obligated to sell but the buyer is not obligated to buy?

Even though the buyer has the option to purchase the property, under an option contract, theyre by no means obligated to do so.