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

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The document is a contract for the sale and purchase of real estate in Illinois, outlining the agreement between the Seller and Buyer regarding the sale of a specified property. It details terms such as the sales price, financing options, earnest money deposit, property condition disclosures, closing procedures, title conveyance, and responsibilities of both parties. Additionally, it includes provisions for inspections, appraisals, and legal compliance related to lead-based paint hazards for properties built before 1978.

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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 options such as earnest money or seller financing.
Complete the 'PROPERTY CONDITION' section. Acknowledge any inspections and repairs needed, ensuring you understand your rights regarding lead-based paint if applicable.
Fill out the 'CLOSING' details, including the date and any necessary extensions. Ensure all parties are aware of their responsibilities regarding closing costs.
Review all sections carefully before finalizing. Make sure all initials and signatures are present where required.

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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.

Can I make my own purchase agreement?

Some states, like California, have created real estate purchase agreements you can download and change. You can also get a template from PandaDoc, as well as benefiting from real estate contract management software functionality.

Does a purchase agreement need to be notarized?

Though notarization is not required, it may still be a good idea to have a notary present in order to verify the identities of all signers.

What is the most commonly used residential sales contract?

A real estate sales contract and purchase agreement is a detailed document breaking down the specifics of the property transaction. Within its pages, youll find several common elements, such as: Buyer and seller information: Full names and contact information for all buyers and sellers involved in the transaction.

What makes a purchase agreement legally binding?

A purchase agreement is a legal document that is signed by both the buyer and the seller. Once it is signed by both parties, it is a legally binding contract. The seller can only accept the offer by signing the document, not by just providing the goods.

Can a real estate agent sell a house without a brokerage?

Listing As For Sale By Owner (FSBO) The agent will still need to disclose their status as a licensed real estate professional when conducting business with potential buyers. Because the agent isnt involving their brokers services with a FSBO home sale, they are considered the seller and not the listing agent.

real estate purchase agreement illinois

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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.