Establishing secure connection…Loading editor…Preparing document…

Accepted Real Estate Purchase Agreement

This template is fully customizable. Edit the text, fill out the fields, and send it for signature. Give it a try!

ACCEPTED REAL ESTATE PURCHASE AGREEMENT

This Accepted Real Estate Purchase Agreement ("Agreement") is entered into on Acceptance Date: and evidences the material terms agreed by the parties below for the purchase and sale of the Property identified in this Agreement.

Parties

Property Identification

Purchase Terms

Purchase Price: $ payable as follows: Earnest Money of $ deposited with within days of acceptance.

Financing Contingency: Yes No

Inspection Period: days from acceptance. Inspection Deadline: Appraisal Contingency: Yes No

Closing Date: Possession Date:

Inclusions, Exclusions, and Condition

Seller Disclosures

Lead-Based Paint Disclosure (where applicable): Yes No

Known Mold or Hazardous Conditions: Yes No

Prior Material Damage or Repairs (structural, water, fire): Yes No

Inspections, Repairs, and Remedies

Buyer shall have the right to conduct inspections during the Inspection Period. Seller shall disclose known defects and permit reasonable access for inspections and testing. Seller's obligation to repair is limited to items mutually agreed in writing prior to Closing.

Default and Remedies: If Buyer fails to perform, Seller may retain Earnest Money as liquidated damages or pursue other remedies permitted by law. If Seller fails to convey good and marketable title at Closing, Buyer may terminate and receive return of Earnest Money or seek specific performance where permitted.

Risk of Loss; Insurance

Risk of loss or damage to the Property shall remain with Seller until Closing. In the event of substantial loss prior to Closing, Buyer may elect to proceed to Closing, accept repaired property, or terminate with prompt return of Earnest Money.

Representations, Warranties, and Covenants

Seller represents that Seller has full authority to sell the Property, that no actions or proceedings are pending that would impair transfer, and that no material undisclosed defects exist to Seller's actual knowledge, except as disclosed herein. Buyer represents Buyer has authority to enter into this Agreement and will proceed with good faith efforts to close as provided.

Allocation of Closing Costs

Governing Law; Entire Agreement

This Agreement shall be governed by and construed in accordance with the laws of the state in which the Property is located. This Agreement constitutes the entire agreement between Buyer and Seller with respect to the subject matter and supersedes all prior agreements and understandings, whether written or oral. Amendments must be in writing and signed by both parties.

Notices shall be given in writing and delivered to the addresses set forth in this Agreement. Time is of the essence for all dates stated in this Agreement unless otherwise expressly agreed in writing.

Buyer Printed Name:

By:

Date:

Seller Printed Name:

By:

Date:

Enter text✕

What the Accepted Real Estate Purchase Agreement Is

An Accepted Real Estate Purchase Agreement is the contract that reflects mutual assent between buyer and seller to transfer real property on agreed terms. It records price, earnest money, financing and inspection contingencies, closing date, and allocation of closing costs. Once accepted by all parties, it creates binding obligations subject to contingencies and state contract law. The agreement often incorporates exhibits—legal description, financing addendum, and disclosures—and serves as the primary roadmap for title work, lender conditions, and closing logistics until deed transfer.

Why this Agreement Matters for Buyers and Sellers

A clear, correctly completed accepted purchase agreement reduces closing delays, protects deposit funds, and allocates risk for inspections, financing, and title issues. It sets the timeline for contingencies and defines remedies if a party defaults.

Why this Agreement Matters for Buyers and Sellers

Who Typically Completes and Relies on This Agreement

The Accepted Real Estate Purchase Agreement is used by parties involved in a residential or commercial sale: buyers, sellers, agents, lenders, and title companies.

  • Real estate agents and brokers — prepare, present, and negotiate terms while ensuring required disclosures and local addenda are attached.
  • Buyers and sellers — confirm legal names, contingencies, deposit amounts, and signatory authority before acceptance.
  • Title companies and lenders — use the executed agreement to open title, order searches, and prepare closing deliverables.

Proper completion benefits all stakeholders by creating a single authoritative document that drives title, financing, and closing workflows.

Step-by-Step: From Offer to Accepted Contract

Follow these sequential steps to move an offer to an accepted purchase agreement ready for title and lender processing.

  • 01
    Prepare Offer: Draft terms, contingencies, and deposit instructions.
  • 02
    Submit to Seller: Present offer through agent or in writing with supporting disclosures.
  • 03
    Negotiate Terms: Exchange counteroffers until mutual agreement reached.
  • 04
    Execute Agreement: All parties sign the finalized agreement and confirm deposit delivery.

Customize an Online Workflow for This Agreement

Configure fields and routing to match your typical closing sequence and ensure required attachments are collected automatically.

Field Configuration
Buyer Signature Required, date-stamped, signer order set to first
Seller Signature Required, signer order set after buyer
Escrow Instructions Attach PDF exhibit; required before final signing
Contingency Dates Date fields with reminders and conditional alerts

Digital Delivery and Technical Requirements

Ensure your eSignature platform supports secure routing, audit trails, and common file formats before sending an accepted agreement.

  • Document Formats: PDF and DOCX supported
  • Integrations: Works with title and CRM systems
  • Security: TLS in transit; AES-256 at rest

Choose a platform that supports conditional fields, in-person signing options for witnesses or notaries, and industry integrations such as title or mortgage systems to streamline closing.

Where to Send the Accepted Agreement and Next Steps

After execution, distribute the agreement immediately to relevant parties to start title work, lender processing, and deposit handling.

  • Title Company: Open title order and start search
  • Lender: Use agreement to issue loan conditions
  • Escrow Agent: Receive and hold earnest money
  • All Parties: Provide fully executed copy and exhibit attachments

Common Deadlines and Timing Expectations

Key dates are typically set in the agreement; track them closely to preserve termination rights and contingency remedies.

Earnest Money Delivery:

Within 3–5 business days unless contract specifies otherwise

Inspection Period:

Commonly 7–15 days from acceptance for residential deals

Financing Contingency:

Deadline tied to lender preapproval and loan condition clearance

Title Commitment:

Title company issues commitment typically within 10–20 days

Closing Date:

Date parties agree to transfer deed and settle funds

Key Milestones from Acceptance to Closing

A sequential milestone view helps parties and counsel monitor progress and avoid missed deadlines that could affect the closing.

01

Acceptance

Mutual signatures complete the contract; contingency clocks begin

02

Inspections

Buyer completes inspections and decides to proceed or terminate

03

Loan Approval

Lender issues clear-to-close or identifies outstanding conditions

04

Settlement

Funds exchanged and deed recorded with county

Common Preparation Mistakes to Avoid

  • Using informal or shortened names for entities that differ from title/record creates delays and may require corrective documents.
  • Failing to attach required state or local disclosures can void acceptance or expose parties to statutory penalties.
  • Vague contingency language or unspecified deadlines gives rise to disputes over termination rights and deposit refunds.
  • Misstating earnest money payee or escrow handling instructions often leads to misapplied funds and workarounds at closing.

Consequences of Errors or Missing Information

Deposit Disputes: Loss of deposit or litigation
Title Issues: Delays in recording deed
Financing Failures: Buyer may lose contractual rights
Statutory Exposure: Potential local or state penalties
Tax Reporting: Incorrect 1099 reporting risk
Invalid Signatures: Contract enforcement doubts

How eSignature Vendors Compare for Real Estate Purchase Agreements

Compare common plan features and compliance capabilities for signing and distributing accepted purchase agreements; signNow listed first per vendor comparison conventions.

signNow DocuSign Adobe Sign PandaDoc HelloSign
Starting Price $8/user/mo $15/user/mo $14/user/mo $19/user/mo $15/user/mo
Free Trial 7-day trial Varies Varies Varies Varies
Bulk Send Yes Yes Yes Yes No
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes Yes Yes No No
Envelope Cap No cap 100 envelopes/user/year Varies by plan Varies by plan Varies by plan

Practical Tips to Complete and Manage Accepted Agreements

Follow procedural best practices to reduce risk, speed closing, and maintain an auditable record.

Confirm Identity and Authority
Verify signer identities and signatory authority for entities before acceptance; obtain corporate authorizations or power of attorney documentation when an entity signs.
Use Clear, Fixed Dates
Set specific MM/DD/YYYY contingency and closing dates. Avoid relative language such as 'within a reasonable time' to minimize disputes over deadlines.
Attach Required Exhibits
Include legal description, disclosures, escrow instructions, and any lender-required exhibits at execution to prevent later omissions that could delay recording.
Retain an Audit Trail
Keep copies of all signed versions, electronic audit logs, and communications showing acceptance to preserve evidence for title, lender, or dispute resolution needs.

Frequently Asked Questions and Troubleshooting

Common questions about execution, enforceability, and digital handling of accepted real estate purchase agreements are addressed below.


Need help? Contact support

be ready to get more
Join over 28 million airSlate SignNow users