Can a Purchase Agreement be signed electronically?

Yes. Electronic signatures are legally enforceable under the ESIGN Act (15 U.S.C. §7001) and UETA where adopted, provided intent, consent, attribution, and retention requirements are satisfied. Exceptions may apply for specific document types.

What contingencies should a buyer include?

Common contingencies include inspection, financing, appraisal, and clear title. Specify deadlines and notice procedures for each contingency to preserve the right to terminate or renegotiate.

What happens if financing falls through?

If a valid financing contingency exists and buyer timely notifies seller, the buyer may terminate and recover earnest money per the contract. Absent an enforceable contingency, the buyer may be in breach and face damages.

Is notarization required for this agreement?

Purchase agreements themselves typically do not require notarization; deeds and recording instruments often do. Check local requirements and whether a notarized buyer affidavit is needed for closing.

Who is authorized to sign for an entity buyer?

An authorized corporate officer or other signatory with documented authority should sign. Include title and authority reference; lenders and title companies may request a board resolution or officer certification.

How can a signed agreement be revoked or canceled?

Revocation depends on contractual termination clauses and applicable law; mutual rescission or exercise of contingencies are common. Unilateral revocation without contractual basis can lead to breach damages.

Electronic Signature
Templates
Real estate
Buyer's Purchase Agreement

Buyer's Purchase Agreement

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

BUYER'S PURCHASE AGREEMENT

PARTIES

Buyer Name:

Buyer Contact Information

Seller Name:

Seller Contact Information

PROPERTY IDENTIFICATION

Property Address Parcel / APN Number Legal Description

PURCHASE PRICE AND TERMS

Purchase Price: $

Earnest Money Deposit: $ to be deposited with Escrow Holder: on or before .

FINANCING CONTINGENCY

This Agreement is conditioned upon Buyer obtaining loan approval in the amount of $ or greater within days after effective date. If Buyer fails to secure financing by the financing deadline, Buyer may terminate and receive return of earnest money in accordance with escrow instructions.

INSPECTIONS AND CONDITIONS

Inspection Period: Buyer shall have days after effective date to complete inspections. Seller shall allow reasonable access. If material defects are discovered, Buyer must deliver written objections to Seller prior to the expiration of the inspection period. Failure to timely object is a waiver of inspection contingencies.

Items to Convey with Sale

CLOSING, POSSESSION, AND PRORATIONS

Closing Date: The closing shall occur on or before . Possession shall be delivered to Buyer upon closing and funding unless otherwise agreed in writing:

Taxes, assessments, rents, and utilities shall be prorated as of the closing date. Buyer shall pay customary lender and buyer closing costs; Seller shall pay customary seller closing costs unless otherwise provided herein.

TITLE AND ESCROW

Seller shall convey marketable title by general warranty deed (or other agreed instrument) free of liens and encumbrances except those approved by Buyer in writing. Title shall be insurable by a recognized title insurer at normal rates. Buyer and Seller shall open escrow with: .

SELLER REPRESENTATIONS AND DISCLOSURES

Seller represents that, to Seller's knowledge, the Property is unless otherwise disclosed below free from material defects affecting habitability and is in substantially the same condition as on the effective date of this Agreement, subject to ordinary wear and tear.

Disclosures (mark Yes or No)

Lead-based paint present? Yes No

Known mold or water intrusion? Yes No

Prior structural or foundation damage? Yes No

Seller Additional Disclosures

DEFAULT, REMEDIES, AND LIMITATIONS

If Buyer defaults, Seller may retain the earnest money as liquidated damages or pursue other remedies at law or in equity; retention of earnest money shall not preclude Seller from seeking specific performance where available. If Seller defaults, Buyer may elect to terminate and receive return of earnest money, seek damages, or seek specific performance. Remedies available to either party shall be cumulative and subject to limitations otherwise stated in this Agreement.

INSURANCE AND RISK OF LOSS

Risk of loss shall remain with Seller until closing. Seller shall maintain hazard insurance until conveyance. If substantial damage to the Property occurs before closing, Buyer may terminate and receive return of earnest money or accept insurance proceeds and close.

GOVERNING LAW; ENTIRE AGREEMENT

This Agreement shall be governed by the laws of the state in which the Property is located. This Agreement, including all attachments and addenda, constitutes the entire agreement between the parties and supersedes prior negotiations and understandings. No modification shall be binding unless in writing and signed by both Buyer and Seller.

NOTICES

Notices required or permitted under this Agreement shall be in writing and delivered to the addresses set forth above or such other address as a party designates in writing, and shall be effective upon personal delivery, confirmed facsimile, confirmed electronic transmission, or three days after deposit with the United States Postal Service, postage prepaid.

Additional Terms or Contingencies

EFFECTIVE DATE

Effective Date of this Agreement is the date of the last signature below. Execution by electronic or facsimile signature shall be binding and of the same force and effect as original signatures.

Buyer Printed Name:

By:

Date:

Seller Printed Name:

By:

Date:

What a Buyer's Purchase Agreement Is and why it matters

A Buyer's Purchase Agreement is a legally binding contract that records the buyer's offer to purchase real property and the seller's acceptance of specific terms. It sets the purchase price, earnest money, closing date, contingencies (inspection, financing, title), and allocation of costs. The agreement coordinates escrow, title review, disclosures, and the timeline to closing; when properly signed by authorized parties it creates enforceable obligations that survive to closing and, if needed, litigation.

Why using a clear Purchase Agreement reduces risk

A well-drafted Buyer's Purchase Agreement clarifies obligations, preserves contingencies, allocates risk, and provides a written record for lenders, title companies, and courts. It reduces ambiguity that can cause delays, deposit disputes, or failed closings.

Primary parties and professionals who work with this agreement

Typical users include buyers, sellers, real estate agents, lenders, title officers, and attorneys involved in residential or commercial transactions.

Home buyers — Individuals or entities making the purchase; responsible for contingencies, deposit, financing, and signature execution.
Real estate agents and brokers — Draft and submit offers, negotiate terms, and coordinate inspection and closing logistics on behalf of clients.
Lenders and title companies — Rely on the contract to underwrite loans, order title work, and prepare closing documents.

Each participant has distinct responsibilities; the agreement coordinates their actions and documentation from offer through settlement.

Essential sections to include in a professional Purchase Agreement

A complete agreement groups information into consistent sections so parties and third parties (lenders, title) can verify requirements quickly.

Purchase Price

State the total purchase price, payment method, and any seller credits or prorations. Include timing and conditions for additional deposits or price adjustments.

Earnest Money

Specify deposit amount, escrow holder, instructions for deposit and disbursement, and conditions that allow forfeiture or return of funds.

Closing Date

Set the proposed closing/settlement date and procedures for extension, delay, or acceleration including costs and notice requirements.

Contingencies

List inspection, financing, appraisal, and title contingencies with explicit deadlines and steps to satisfy, waive, or terminate the agreement.

Property Description

Include legal description or tax parcel ID, street address, included fixtures, and any known exclusions or accessory items.

Representations

State seller and buyer representations about authority, condition, disclosures, and any required warranties or indemnities.

Step-by-step: completing and executing the agreement

Follow these sequential steps to prepare, review, and execute a Buyer's Purchase Agreement correctly.

01

Prepare contract: Complete all mandatory fields and attach required disclosures.
02

Review contingencies: Confirm inspection, financing, and title timelines and responsibilities.
03

Sign and deliver: Obtain signatures and deliver executed copies to escrow and lender.
04

Proceed to closing: Coordinate payoff, title affidavit, and final settlement statements.

How executed agreements move through escrow and closing

A signed agreement triggers escrow, underwriting, and title processes that culminate in settlement; the flow below summarizes common steps.

Upload document: Sender uploads final executed contract to escrow and lender.
Add signers: Include buyer, seller, agent, and any guarantors or officers.
Authenticate signer: Use agreed authentication method and capture audit trail.
Finalize record: Escrow closes after title clearance and funding; record deed.

Common online workflow settings for handling purchase agreements

Configure the digital workflow to mirror your paper process and meet lender or title company requirements.

Field	Configuration
Signature fields	Required, include date and initials fields for each party
Authentication	Email link by default; enable SMS or KBA for higher assurance
Reminders	Automatic reminders can be set at specified intervals
Bulk send	Use for mass disclosures or investor transactions

Technical considerations for eSigning and eDelivery

Ensure the chosen platform supports secure signatures, audit trails, required authentication, and the file formats you use.

File formats: PDF, DOCX supported
Integrations: Salesforce, NetSuite, Google Workspace
Security: TLS/AES encryption

Typical deadlines included in a Purchase Agreement

Agreements list key dates that trigger rights and obligations; strict adherence prevents waiver or termination by default.

Offer expiration:

Time by which seller must accept the buyer's offer.

Inspection contingency deadline:

Date by which buyer must complete inspections and request repairs.

Financing contingency deadline:

Date to secure mortgage commitment or notify of financing failure.

Title objection deadline:

Deadline to review title report and raise objections.

Closing or settlement date:

Final date for funding and deed recording.

Key transaction milestones from offer to recording

This sequential milestone view helps teams track progress and identify bottlenecks toward closing.

01

Offer Submission

Buyer submits executed offer and earnest money to seller or listing agent.

02

Acceptance

Seller signs and returns counteroffer or acceptance to buyer.

03

Inspection & Appraisal

Inspections and appraisal scheduled; issues may trigger renegotiation.

04

Loan Approval & Closing

Lender issues final approval and escrow schedules settlement and recording.

Common mistakes that delay or void a transaction

Using an incorrect party name or omitting a corporate title can prevent lender acceptance and title transfer, causing delays.
Failing to list explicit deadlines for contingencies creates ambiguity and can lead to unintended waiver of critical protections.
Unclear instructions for earnest money handling or escrow recipient may result in disputes over deposit disposition.
Omitting required disclosures or local addenda (lead paint, material defects) increases risk of regulatory noncompliance and buyer rescission.

Consequences of errors or unmet contractual obligations

Deposit Forfeiture: Buyer may lose earnest money

Breach Damages: Monetary liability to non-breaching party

Title Defects: Costs to cure or indemnify

Financing Failure: Contract termination risk

Missed Deadlines: Automatic waiver or default

Regulatory Risk: Disclosure violations and rescission

Comparing eSignature vendors for executing Purchase Agreements

Platform choice affects authentication, audit trails, HIPAA compliance, bulk workflows, and cost; signNow appears first for neutral comparison of core features and pricing.

	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	Varies by vendor	Varies by vendor	Varies by vendor	Varies by vendor
Bulk Send	Yes	Yes	Yes	Yes	No
Audit Trail	Yes	Yes	Yes	Yes	Yes
Envelope Cap	No cap	100 envelopes/user/year	Varies by plan	Varies by plan	Varies by plan

Real-world examples of online execution and workflow improvements

These compact case notes illustrate practical outcomes when teams move purchase agreements through digital workflows.

Optica Ventures LLC

Optica optimized execution across remote investors and buyers with a simple interface that lowered friction.

Centralized signatures and templates reduced turnaround.
The team reported consistent completion for remote closings and fewer follow-ups, enabling faster coordination between buyer, lender, and title services while preserving audit logs.

Martin Properties

A single broker processed multiple purchase agreements online to close deals without in-person meetings.

Mobile signing and offline capabilities helped remote buyers.
The broker cited consistent compliance and security across mobile and desktop signing, which reduced in-person appointments and improved document traceability for later audits.

Frequently asked questions about Buyer's Purchase Agreements

Answers to common questions on eSigning, contingencies, notarization, revocation, and signatory authority for Purchase Agreements.

Need help? Contact support

Can a Purchase Agreement be signed electronically?
Yes. Electronic signatures are legally enforceable under the ESIGN Act (15 U.S.C. §7001) and UETA where adopted, provided intent, consent, attribution, and retention requirements are satisfied. Exceptions may apply for specific document types.
What contingencies should a buyer include?
Common contingencies include inspection, financing, appraisal, and clear title. Specify deadlines and notice procedures for each contingency to preserve the right to terminate or renegotiate.
What happens if financing falls through?
If a valid financing contingency exists and buyer timely notifies seller, the buyer may terminate and recover earnest money per the contract. Absent an enforceable contingency, the buyer may be in breach and face damages.
Is notarization required for this agreement?
Purchase agreements themselves typically do not require notarization; deeds and recording instruments often do. Check local requirements and whether a notarized buyer affidavit is needed for closing.
Who is authorized to sign for an entity buyer?
An authorized corporate officer or other signatory with documented authority should sign. Include title and authority reference; lenders and title companies may request a board resolution or officer certification.
How can a signed agreement be revoked or canceled?
Revocation depends on contractual termination clauses and applicable law; mutual rescission or exercise of contingencies are common. Unilateral revocation without contractual basis can lead to breach damages.

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