Purchase Agreement
A fully executed purchase and sale agreement that specifies buyer and seller details, property address, purchase price, contingencies, and closing date; forms the contract foundation for closing and title transfer.
A complete Alaska Home Sale Package reduces closing delays by consolidating required forms, standardizing disclosures, and documenting seller warranties. Properly executed packages support timely recording and title transfer and meet ESIGN and UETA legal standards when electronic consent and retention are satisfied.
Typical participants in an Alaska Home Sale Package include sellers, buyers, listing and buyer brokers, title companies, escrow officers, and mortgage lenders involved in closing.
The seller provides seller disclosures, executes the deed and affidavit of title, delivers payoff information for existing liens, and confirms legal-name consistency. Accurate identity and marital status information are essential for recording and avoiding post-closing title challenges.
The title agent orders the title commitment, prepares the settlement statement, reconciles payoffs and prorations, coordinates escrow instructions, and records the deed and supporting affidavits with the county recorder on behalf of the parties.
A fully executed purchase and sale agreement that specifies buyer and seller details, property address, purchase price, contingencies, and closing date; forms the contract foundation for closing and title transfer.
The deed conveying title (usually a warranty deed) with accurate legal description, grantor/grantee names, notarization/acknowledgement, and signed by authorized parties for recorder acceptance.
State-required property condition disclosures and lead-based paint statements where applicable; these must be completed and delivered per Alaska and federal disclosure requirements.
An itemized settlement statement (closing disclosure or HUD-1 style) showing purchase price, prorations, payoffs, title charges, and net proceeds for clear accounting at closing.
Affidavit of title, affidavit of consideration, and any non-foreign status forms (if applicable) required to support recording and to meet lender/title insurer conditions.
Recorded lien or mortgage payoff letters and signed releases or subordinations needed to deliver marketable title at or after closing.
| Field | Configuration |
|---|---|
| Template | Create reusable package templates for each property type. |
| Conditional Fields | Show lender or seller addenda only when applicable. |
| Signature Order | Set sequential or parallel signing per escrow instructions. |
| Authentication | Choose email, SMS code, or higher KBA authentication. |
Electronic completion and distribution depend on platform support for secure file types, signer authentication, and integration with title or escrow systems.
Date stated in contract; parties must perform closing obligations by then.
Record the deed promptly after funding to ensure priority of title.
Clear title exceptions before closing per title commitment requirements.
Seller should consult tax counsel for 1099-S and capital gains timing.
Release funds per escrow instructions after recording and lender conditions.
Offer accepted and deposit placed with escrow; contract becomes binding.
Inspections and title review occur; objections must be raised now.
Execution of closing documents and lender disbursement of funds.
Deed recorded and recorded copies delivered to parties and lender.
Provides an insurer’s statement of exceptions and requirements necessary before issuance of a title policy; often required by lenders.
A recent property survey identifies boundaries, easements, and encroachments that can affect insurable title and recording language.
Official lender payoffs and release documents are needed to clear existing mortgages prior to recording.
Government-issued IDs and entity-authorizing documents (e.g., corporate resolutions) verify signer authority for recording acceptance.
Signers must present government ID acceptable to the notary or to remote identity-proofing.
For in-person notaries, signers must appear before the notary for acknowledgement.
Notary completes acknowledgement block with seal and date required by recorder.
If state requires witnesses, have them sign and provide printed names and addresses.
Use Remote Online Notarization only when the state and title insurer accept RON.
Some RON regimes require audio/video retention under state rules.
Notaries should make journal entries as required by state law for each act.
Deliver the fully executed, notarized deed and any affidavits to the county recorder.
| 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 | Yes, 7-day trial | No | No | Yes, limited | Yes, limited |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |