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Blank Real Estate Purchase Agreement Form for Washington State

The Washington Real Estate Purchase Agreement form is a legal document that outlines the terms and conditions of a real estate transaction between a buyer and a seller. This agreement serves as a binding contract, detailing the purchase price, property description, and other essential elements of the sale. To ensure a smooth transaction, it is crucial to complete this form accurately.

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Table of Contents

Document Overview

Fact Name	Details
Governing Law	The Washington Real Estate Purchase Agreement is governed by Washington state law.
Purpose	This form is used to outline the terms of a real estate transaction between a buyer and a seller.
Parties Involved	The agreement includes information about the buyer, seller, and property being sold.
Property Description	A detailed description of the property, including the address and legal description, is required.
Purchase Price	The purchase price must be clearly stated, along with any earnest money deposits.
Contingencies	Buyers can include contingencies, such as financing or inspection requirements, to protect their interests.
Closing Date	The agreement specifies a closing date, which is the date when the property transfer is finalized.
Disclosures	Sellers are required to provide certain disclosures about the property's condition and history.
Signatures	Both parties must sign the agreement for it to be legally binding.

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Discover More Real Estate Purchase Agreement Templates for Specific States

Pennsylvania Purchase Agreement - This document is vital in the negotiation process, setting the framework for discussions between parties.

Buyer Agreement - Can include information on inspections and repairs.

Georgia Residential Purchase Agreement - It specifies the purchase price and payment terms for the property being sold.

Generic Home Purchase Agreement - May have terms related to the property's lease or rental agreements.

Documents used along the form

When engaging in a real estate transaction in Washington, several important documents accompany the Real Estate Purchase Agreement. Each of these forms serves a unique purpose and helps ensure a smooth process for both buyers and sellers.

Seller Disclosure Statement: This document provides information about the property's condition. Sellers must disclose any known issues, such as structural problems or past repairs, to inform potential buyers.
Lead-Based Paint Disclosure: For homes built before 1978, this form is required. It informs buyers about the potential risks of lead-based paint and requires sellers to disclose any known lead hazards.
Title Report: This report outlines the legal ownership of the property and any liens or encumbrances. It ensures that the buyer receives clear title upon purchase.
Earnest Money Agreement: This document outlines the amount of money the buyer will put down as a good faith deposit. It shows the seller that the buyer is serious about the purchase.
Closing Disclosure: Provided before closing, this form details the final loan terms and closing costs. It allows buyers to understand their financial obligations before completing the sale.
Affidavit of Title: This document is a sworn statement by the seller affirming their ownership of the property and that there are no undisclosed liens or claims against it.
Purchase and Sale Agreement Addendum: This addendum modifies specific terms of the original purchase agreement. It may include contingencies or additional provisions agreed upon by both parties.
Property Inspection Report: Often conducted by a professional inspector, this report assesses the property's condition. Buyers use it to identify potential issues before finalizing the purchase.
Deed: The deed transfers ownership of the property from the seller to the buyer. It is a crucial document that must be recorded to establish legal ownership.

Understanding these documents can help both buyers and sellers navigate the real estate process more effectively. Each form plays a significant role in ensuring transparency and protecting the interests of everyone involved.

Document Sample

Washington Real Estate Purchase Agreement

This Real Estate Purchase Agreement is made and entered into as of the ______ day of __________, 20____, by and between:

Seller: ________________________________________________

Address: ______________________________________________

City, State, Zip: ________________________________

Buyer: ________________________________________________

Address: ______________________________________________

City, State, Zip: ________________________________

This Agreement is governed by the laws of the State of Washington.

1. Property Description:

The property that is the subject of this Agreement is located at:

____________________________________________________________

2. Purchase Price:

The total purchase price agreed upon by both parties is $_________________.

3. Earnest Money:

The Buyer shall deposit earnest money in the amount of $____________________, to be held in trust until closing.

4. Closing Date:

The closing date for the transaction shall be on or before the ______ day of __________, 20____.

5. Contingencies:

This Agreement is contingent upon:

A satisfactory home inspection within ____ days of acceptance.
Financing approval obtained by Buyer within ____ days of acceptance.
Any additional contingencies agreed upon by both parties: __________________.

6. Possession:

Possession of the property shall be delivered to the Buyer on the closing date, unless otherwise agreed in writing.

7. Additional Terms:

Any additional terms can be outlined as follows: ____________________________________________.

8. Signatures:

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written:

Seller's Signature: _____________________________ Date: _______________

Buyer's Signature: _____________________________ Date: _______________