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Blank Real Estate Purchase Agreement Form for Florida State

The Florida Real Estate Purchase Agreement is a legally binding document that outlines the terms and conditions of a real estate transaction between a buyer and a seller. This form serves to protect the interests of both parties by detailing the sale price, property description, and contingencies. Understanding this agreement is crucial for anyone looking to engage in real estate transactions in Florida.

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Table of Contents

Document Overview

Fact Name	Description
Governing Law	The Florida Real Estate Purchase Agreement is governed by the Florida Statutes, particularly Chapter 475, which covers real estate transactions.
Standardized Form	This agreement is a standardized form widely used in Florida, ensuring consistency and clarity in real estate transactions.
Offer and Acceptance	The form outlines the process of making an offer, which must be accepted by the seller for the agreement to be binding.
Deposit Requirements	Typically, a deposit is required to demonstrate the buyer's commitment, and the agreement specifies how and when this deposit should be made.
Contingencies	Buyers can include contingencies in the agreement, such as financing or inspection contingencies, which must be satisfied for the sale to proceed.
Closing Date	The agreement specifies a closing date, which is the date when ownership of the property is officially transferred to the buyer.
Disclosure Requirements	Sellers are required to disclose certain information about the property, including any known defects or issues, as part of the agreement.

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Discover More Real Estate Purchase Agreement Templates for Specific States

Real Estate Commission in Texas - The document tracks important disclosures required by law around property issues.

Purchase Agreement Real Estate - The purchase agreement can source additional negotiations post-offer acceptance.

Free for Sale by Owner Contract Form - Once signed, the agreement becomes a legally binding document, enforceable in a court of law.

Wb-11 Residential Offer to Purchase - This document must be kept secure until the deal is finalized.

Documents used along the form

When entering into a real estate transaction in Florida, several forms and documents often accompany the Florida Real Estate Purchase Agreement. Each document serves a specific purpose and helps ensure a smooth transaction process. Below is a list of common forms used alongside the purchase agreement.

Seller's Disclosure Statement: This document provides potential buyers with important information about the property's condition and any known issues. It helps buyers make informed decisions.
Lead-Based Paint Disclosure: Required for homes built before 1978, this form informs buyers about the potential presence of lead-based paint, ensuring they understand the risks involved.
Title Commitment: This document outlines the terms under which a title insurance policy will be issued. It verifies the ownership and any liens or encumbrances on the property.
Closing Statement: Also known as a HUD-1 or ALTA statement, this document details all the financial aspects of the transaction, including closing costs, fees, and the final amount due at closing.
Property Appraisal: An independent assessment of the property's value is often required by lenders. This document helps ensure the buyer is paying a fair price.
Loan Estimate: For buyers financing their purchase, this document provides a detailed estimate of the loan terms, monthly payments, and closing costs, allowing for better financial planning.
Purchase Money Mortgage: If the buyer is financing part of the purchase price, this document outlines the terms of the loan secured by the property itself.
Affidavit of Title: This is a sworn statement by the seller affirming their ownership of the property and that there are no undisclosed liens or claims against it.
Homeowners Association (HOA) Documents: If the property is part of an HOA, these documents outline the rules, regulations, and fees associated with the community.

Each of these documents plays a crucial role in the real estate transaction process. Understanding their purpose can help both buyers and sellers navigate the complexities of purchasing or selling property in Florida. Being prepared with the right forms can make a significant difference in achieving a successful transaction.

Document Sample

Florida Real Estate Purchase Agreement

This Florida Real Estate Purchase Agreement ("Agreement") is made as of the ______ day of __________, 20____ (“Effective Date”), by and between the following parties:

Seller: ________________________________
Address: ___________________________________
City, State, Zip: ____________________________
Phone Number: _______________________________

Buyer: ________________________________
Address: ___________________________________
City, State, Zip: ____________________________
Phone Number: _______________________________

This Agreement is governed by the laws of the state of Florida.

RECITALS:

This Agreement sets forth the conditions under which the Seller agrees to sell and the Buyer agrees to buy the property described below:

Property Address: ___________________________________________
Legal Description: _________________________________________________

Purchase Price: $____________________

The Purchase Price shall be payable by the Buyer as follows:

Earnest Money Deposit: $____________________ due upon acceptance of this Agreement.
Balance of Purchase Price: $____________________, to be paid at closing.

CLOSING:

Closing shall take place on or before the ______ day of __________, 20____ at a location agreed upon by both parties.

INSPECTION PERIOD:

The Buyer shall have a period of ______ days from the Effective Date to conduct inspections. If the condition of the property is unsatisfactory, the Buyer may terminate this Agreement.

CONTINGENCIES:

This Agreement is contingent upon the following:

Financing approval.
Clear title search.
Successful completion of inspections.

DEFAULT:

In the event of a default by either party, the non-defaulting party may seek legal remedies available under Florida law.

By signing below, both parties acknowledge that they have read this Agreement and agree to its terms.

Seller Signature: _______________________ Date: _____________

Buyer Signature: _______________________ Date: _____________