Real Estate Offer To Purchase Contract Template for United States

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Real Estate Offer To Purchase Contract

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Real Estate Offer To Purchase Contract

"I need a Real Estate Offer To Purchase Contract for a residential property in California, with specific contingencies for property inspection and loan approval, and a proposed closing date of March 15, 2025."

Document background

The Real Estate Offer To Purchase Contract is a crucial document in U.S. property transactions that initiates the formal purchase process. This contract is used when a potential buyer wishes to make a formal offer on a property and needs to outline specific terms of the proposed purchase. It includes critical information such as purchase price, earnest money amount, contingencies, and closing timeline. The document must comply with both federal regulations and state-specific requirements, which can vary by jurisdiction. It serves as the foundation for negotiations and, once accepted, becomes a legally binding agreement between parties.

Suggested Sections

1. Parties: Identification of buyer and seller with complete legal names and addresses

2. Background: Context of the transaction and property overview

3. Definitions: Key terms used throughout the contract

4. Property Description: Detailed legal description of the property being sold

5. Purchase Price: Amount and payment terms including earnest money details

6. Closing Date: Specified date and location for closing

7. Title Requirements: Requirements for clear title and title insurance

8. Representations and Warranties: Statements of fact and guarantees by both parties

9. Default and Remedies: Consequences and available remedies if either party defaults

10. Governing Law: Specification of applicable state law and jurisdiction

Optional Sections

1. Financing Contingency: Conditions related to buyer obtaining financing - used when buyer requires mortgage financing

2. Home Inspection Contingency: Terms for property inspection and potential negotiations - used when buyer wants to conduct inspections

3. Sale of Existing Home Contingency: Conditions relating to buyer's need to sell current property - used when buyer needs to sell existing property

4. Repairs and Improvements: Specific repairs or improvements to be completed before closing - used when property requires specific work

5. Occupancy and Possession: Terms for when and how property possession transfers - used when specific possession arrangements are needed

Suggested Schedules

1. Schedule A - Property Disclosure Statement: Seller's disclosure of property condition and known defects

2. Schedule B - Lead-Based Paint Disclosure: Required disclosure for properties built before 1978

3. Schedule C - Personal Property Inventory: List of included and excluded personal property items

4. Schedule D - Survey or Plot Plan: Property boundaries and improvements documentation

5. Schedule E - Inspection Reports: Results of any property inspections conducted

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate
Banking and Finance
Insurance
Construction

Relevant Teams

Real Estate
Legal
Finance
Compliance
Operations

Relevant Roles

Real Estate Agent
Real Estate Broker
Property Manager
Real Estate Attorney
Title Officer
Mortgage Loan Officer
Compliance Officer

Industries

Truth in Lending Act (TILA): Federal law that requires lenders to provide standardized disclosures about terms and costs associated with real estate transactions

Real Estate Settlement Procedures Act (RESPA): Federal law governing real estate settlement processes, requiring specific disclosures and prohibiting certain practices in real estate transactions

Fair Housing Act: Federal law prohibiting discrimination in real estate transactions based on race, color, religion, sex, national origin, familial status, or disability

Americans with Disabilities Act: Federal law ensuring accessibility requirements are met, applicable in certain real estate transactions involving commercial or public properties

Lead-Based Paint Hazard Reduction Act: Federal law requiring disclosure of known lead-based paint hazards in properties built before 1978

State Real Estate Laws: State-specific regulations governing real estate transactions, varying by jurisdiction

State Property Laws: Laws governing property rights, transfers, and obligations specific to the state where the property is located

State Disclosure Requirements: State-mandated disclosures about property condition, defects, and other material facts

State Contract Laws: State-specific laws governing contract formation, enforcement, and remedies

State Licensing Requirements: Regulations regarding real estate professional licensing and obligations in the transaction

State Environmental Regulations: State-specific environmental protection laws affecting real estate transactions

Property Description Requirements: Legal requirements for accurately describing the property being transferred

Earnest Money Regulations: Laws governing the handling and disposition of earnest money deposits

Contingency Clauses: Legal requirements and limitations regarding conditions that must be met for the contract to proceed

Due Diligence Periods: Legal timeframes and requirements for buyer investigation of the property

Closing Requirements: Legal requirements for completing the real estate transaction and transfer of ownership

Title Search and Insurance Requirements: Legal requirements regarding property title verification and insurance coverage

Financing Conditions: Legal requirements regarding mortgage and financing arrangements in the purchase contract

Inspection Requirements: Legal requirements regarding property inspections and related contingencies

Default and Remedy Provisions: Legal requirements for addressing contract breaches and available remedies

Find the exact document you need

No items found.

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.

Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research

Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.

How a Sales & Marketing Lead uses Genie AI to reduce contract drafting time by 95%

private

sovereign

Careers

Real Estate Offer To Purchase Contract Template for United States

Let's create your Real Estate Offer To Purchase Contract

Real Estate Offer To Purchase Contract

Authors

Alex Denne

Find the exact document you need

Download our whitepaper on the future of AI in Legal

Genie’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security

Innovation in privacy:

Want to know more?

Draft quality legal agreements or review documents in 3 minutes

Templates

Commercial

Employment

IP

Administration

Finance

R&D

Industries

Legal Services

Manufacturing

Construction

Solutions

Use Cases

Company Types

Comparisons

Business Categories

Teams

Information