Can an offer be signed electronically?

Yes. Under the ESIGN Act (15 U.S.C. §7001) and UETA, electronic signatures are enforceable when intent, consent, attribution, and record retention are satisfied.

What happens if the buyer misses a contingency deadline?

Missing a contingency deadline can result in waiver of the contingency or breach; parties should document extensions or mutual written consent to avoid disputes.

Is notarization required for the offer itself?

Offers are typically not notarized. Notarization is usually required for conveyance documents like deeds; verify state-specific deed or affidavit rules when preparing closing documents.

How are HOA documents handled in the offer?

Attach seller-provided HOA documents and state the buyer review period; failure to include required disclosures may give buyers rescission rights in some states.

Who can sign for an entity buyer?

An authorized officer or agent with documented signing authority should sign. Include corporate resolution or power of attorney when required by title or lender.

How do I amend or withdraw an offer?

Amend with a written addendum signed by both parties. To revoke before acceptance, deliver notice to the seller or their agent per the offer’s method of delivery.

Electronic Signature
Templates
Real estate
Condominium Purchase Offer

Condominium Purchase Offer

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

Condominium Purchase Offer

Parties

Buyer Name: Buyer Contact Information: Seller Name: Seller Contact Information:

Property Identification

Property Address: Condominium Name / Complex: Unit / Lot / APN / Parcel Number: Legal Description:

Offer and Purchase Terms

Buyer offers to purchase the Property on the terms set forth below for the total purchase price of $ (Purchase Price). This offer is conditioned upon the express terms in this document.

Earnest Money Deposit: Deposit Payable To / Escrow Holder:

Additional deposit installments, if any, shall be delivered to Escrow according to the following schedule:

Closing shall occur on or before (Closing Date). Possession shall be delivered to Buyer on unless otherwise agreed in writing.

Financing

This offer is contingent on Buyer obtaining financing or cash purchase (no financing contingency).

Loan Amount / Approximate Financing:

Buyer shall have days from mutual acceptance to deliver written loan approval to Seller. If Buyer fails to timely deliver loan approval, Seller may terminate or accept alternative provisions.

Inspections and Condominium Documents

Buyer shall have the right to inspect the unit and common areas and to review condominium association documents, financial statements, meeting minutes and resale certificate. Buyer shall have days from mutual acceptance to complete inspections and approve or disapprove in writing. If Buyer disapproves within the inspection period, Buyer may terminate or request cure; Seller shall have a reasonable opportunity to cure defects disclosed.

Condominium Documents Review Period (Days):

Buyer acknowledges that review of condominium documents may reveal assessments, reserves, or restrictions that affect Buyer's decision to proceed. Seller shall disclose known pending assessments or litigation affecting the association below.

Known Special Assessments / Litigation:

Included and Excluded Items

Fixtures and Personal Property Included: Fixtures and Personal Property Excluded:

Disclosures

Lead-Based Paint (if applicable): Yes No

Known material defects, prior structural damage, or water intrusion: Yes No If yes, describe:

Prior insurance claims on the unit within the last five years: Yes No If yes, describe:

Prorations, Costs, and Title

Real estate taxes, condominium assessments, homeowner association dues, rents (if any), and other customary items shall be prorated as of the Closing Date. Buyer shall pay escrow and lender charges customarily borne by Buyer; Seller shall pay outstanding liens and amounts customarily borne by Seller unless otherwise agreed herein.

Escrow / Title Company: Title to be vested in Buyer as:

Default, Remedies, and Risk Allocation

If Buyer fails to perform, Seller may retain the earnest money as liquidated damages or pursue specific performance or other remedies provided by law. If Seller fails to convey title in accordance with this Agreement, Buyer may seek specific performance, recover deposits, and pursue available remedies. Reasonable attorney's fees and costs incurred in enforcing this Agreement shall be recoverable by the prevailing party as provided by law.

Miscellaneous Provisions

This Offer constitutes the entire agreement between the Parties with respect to the purchase of the Property. Any amendments must be in writing and signed by both Parties. Time is of the essence for all dates and deadlines stated in this Offer. This Agreement shall be governed by and construed in accordance with the laws of the state where the Property is located, and the Parties submit to the jurisdiction of courts in that state.

Governing Law State:

This Offer shall remain open for acceptance until at local time, unless earlier revoked in writing by Buyer.

Acknowledgements

Buyer acknowledges receipt of existing condominium disclosure documents provided by Seller and understands Buyer's obligation to further examine the association documents and property condition. Buyer certifies that the representations made in this Offer are true and correct to the best of Buyer's knowledge.

Additional Terms or Contingencies:

Buyer Printed Name:

By:

Date:

Seller Printed Name:

By:

Date:

What a Condominium Purchase Offer Is

A Condominium Purchase Offer is a written proposal from a prospective buyer to purchase a condominium unit under specified terms, including price, deposit, financing, contingencies, and proposed closing date. It sets the starting point for negotiation and, when signed by both parties, becomes an enforceable contract subject to any contingency removals and state property law. The document typically attaches condominium association documents, seller disclosures, and any addenda that govern the unit and common elements.

Why a Clear Purchase Offer Matters

A well-drafted offer clarifies buyer and seller expectations, protects deposit funds, and narrows negotiation points. It creates a contract framework that enables inspections, lender review, and title work to proceed efficiently while preserving legal remedies for breach.

Who Prepares and Responds to These Offers

In many transactions attorneys, escrow officers, or closing agents also review the offer to confirm legal compliance and to prepare closing documents.

Buyers and buyer agents preparing the initial offer and specifying contingencies and deposit terms.
Sellers and listing agents who evaluate, negotiate, and accept or counter offers on behalf of the seller.
Lenders, title companies, and condominium associations that review financing conditions, title restrictions, and HOA documents.

Core Sections to Include in a Professional Offer

Standard offers include the transaction essentials and clear deadlines so both parties know next steps. Including these sections reduces ambiguity and speeds underwriting, title review, and HOA approval.

Purchase Price

Exact dollar amount offered, payment method, and whether amounts are contingent on appraisal or financing approval.

Earnest Money

Deposit amount, escrow holder name, and deadlines for delivering funds; indicates buyer’s commitment and potential forfeiture terms.

Financing

Type of loan, lender cooperation clause, loan contingency deadline, and consequences if financing is not approved.

Inspections

Inspection period length, allowed inspections (pest, structural, HVAC), and how repair requests are handled.

HOA Documents

Seller-provided condo association bylaws, budgets, pending assessments, and buyer review period with right to rescind.

Closing Terms

Proposed closing date, possession timing, prorations, and which closing costs each party will pay.

Step-by-Step: Filling and Submitting an Offer

Follow these sequential steps to prepare a complete, enforceable Condominium Purchase Offer and reduce the chance of counterparty rejection.

01

Draft Offer: Complete all material fields and attach HOA documents.
02

Review with Agent: Confirm financing and inspection contingencies with your agent or attorney.
03

Deliver Earnest Money: Send deposit to the escrow agent by the stated deadline.
04

Send to Seller: Provide signed copy to seller or listing agent for review or counteroffer.

Online Workflow Settings for Digital Completion

Configure these options when using an eSignature platform to collect signatures, validations, and attachments for the offer.

Field	Configuration
Document Upload	Accept PDF or DOCX; attach HOA and seller disclosures
Field Placement	Add signature, date, and initial fields for each signer
Signer Order	Specify sequence or allow parallel signing
Authentication	Use email link or SMS code for signer verification

Typical Digital Submission Flow

A standard eSubmission process reduces friction and preserves an audit trail for enforceability and lender review.

Prepare Document: Upload the offer and attach HOA and disclosure PDFs.
Place Fields: Insert signature, initials, and date fields for each party.
Send to Signers: Deliver by secure link or email with authentication.
Capture Audit Trail: Record timestamps, IP addresses, and completion certificates.

Technical Considerations for eSigning and eSubmission

Confirm the platform complies with ESIGN and UETA, preserves audit logs, and allows retrieval of the signed record for lenders and title companies.

File Formats: PDF and DOCX support
Authentication: Email or SMS code options
Integrations: CRM, title, or document storage

Essential Offer Data Elements at a Glance

Buyer Name: Legal full name

Seller Name: Legal full name

Unit Number: Condo unit identifier

Offer Amount: Full dollar amount

Deposit: Earnest money amount

Closing Date: MM/DD/YYYY

Common Preparation Mistakes to Avoid

Leaving financing or appraisal contingencies blank, which can expose the buyer to unnecessary risk and deposit loss.
Failing to attach condominium association bylaws, budgets, or pending assessment notices required for buyer review.
Using inconsistent party names between offer, lender application, and ID documents, causing title or underwriting delays.
Not specifying deadlines clearly (inspection, financing, closing), which can lead to disputes over contingency timing.

Risks and Consequences of Errors

Deposit Forfeiture: Buyer may lose earnest money if contractually obligated

Breach Claims: Seller may seek damages for unjustified contract termination

Loan Denial: Financing contingency failure can void the sale

Title Exceptions: Incomplete legal description causes title defects

HOA Rejection: Association denial can block closing

Recording Delays: Late recording can affect ownership and liens

Key Deadlines to Track in the Offer

Include clear dates for contingencies, deposit delivery, and closing to avoid disputes and keep financing and title timelines on schedule.

Offer Expiration:

Date and time the offer lapses if not accepted

Inspection Period:

Deadline to complete inspections and submit objections

Financing Deadline:

Date by which loan approval must be obtained

Deposit Due Date:

When earnest money must be delivered to escrow

Planned Closing Date:

Target date for closing and recording the transfer

Transaction Milestones from Offer to Closing

A typical sequence links offer submission, acceptance, contingency removal, and closing with clear timeframes and responsibilities.

01

Offer Submitted

Buyer delivers signed offer and deposit instruction

02

Seller Response

Seller accepts, rejects, or counters the offer

03

Contingency Period

Inspections, appraisal, and financing must conclude

04

Closing and Recording

Final documents signed and deed recorded

eSignature Pricing and Feature Comparison

Comparing starting prices and core features can guide tool selection for high-volume condominium offer workflows; signNow is listed first for comparison purposes.

	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 free trial	Varies by vendor	Varies by vendor	Varies by vendor	Varies by vendor
Bulk Send	Yes	Varies by plan	Varies by plan	Varies by plan	Varies by plan
Audit Trail	Yes	Yes	Yes	Yes	Yes
HIPAA Compliant	Yes	Yes	Yes	No	No

FAQs and Troubleshooting: Common Offer Questions

Answers to frequent practical questions about preparing, submitting, and revising a Condominium Purchase Offer.

Need help? Contact support

Can an offer be signed electronically?
Yes. Under the ESIGN Act (15 U.S.C. §7001) and UETA, electronic signatures are enforceable when intent, consent, attribution, and record retention are satisfied.
What happens if the buyer misses a contingency deadline?
Missing a contingency deadline can result in waiver of the contingency or breach; parties should document extensions or mutual written consent to avoid disputes.
Is notarization required for the offer itself?
Offers are typically not notarized. Notarization is usually required for conveyance documents like deeds; verify state-specific deed or affidavit rules when preparing closing documents.
How are HOA documents handled in the offer?
Attach seller-provided HOA documents and state the buyer review period; failure to include required disclosures may give buyers rescission rights in some states.
Who can sign for an entity buyer?
An authorized officer or agent with documented signing authority should sign. Include corporate resolution or power of attorney when required by title or lender.
How do I amend or withdraw an offer?
Amend with a written addendum signed by both parties. To revoke before acceptance, deliver notice to the seller or their agent per the offer’s method of delivery.

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