Purchase Terms
Specifies purchase price, financing arrangements, and earnest money deposit, including how funds are held and what constitutes forfeiture or return of deposit under contingencies.
Using the NABOR Sales Contract provides a consistent framework for negotiating and documenting key transaction terms while reducing ambiguity. The form reflects common local practice and helps ensure all customary contingencies and disclosures are considered before closing.
Agents, transaction coordinators, buyers, and sellers use this contract to document offer terms and obligations prior to closing.
Each party should confirm authority to sign and consider counsel for unusual provisions or complex title, tax, or zoning issues.
The listing agent completes seller-side sections, attaches required disclosures, and coordinates delivery of the signed contract to escrow and title; the agent must ensure seller authorization and accurate property data.
The buyer or buyer agent fills buyer-specific fields (offer price, financing terms, inspection choices), signs to form a binding offer, and must provide earnest money and any lender or proof-of-funds documentation as required.
Specifies purchase price, financing arrangements, and earnest money deposit, including how funds are held and what constitutes forfeiture or return of deposit under contingencies.
Details inspection, financing, appraisal, and title contingencies with deadlines and cure periods; precise dates trigger rights to terminate or negotiate repairs.
Includes statutorily required property condition disclosures and any association or environmental notices; undisclosed known defects can create post-closing liability.
Sets the closing date, place of closing, prorations, closing costs allocation, and required deliverables such as payoff statements, HOA estoppel, or survey if applicable.
States intended possession date, which fixtures and appliances convey with the property, and obligations for condition at possession and any required repairs.
Outlines remedies for breach, including retention of earnest money, potential specific performance, and how disputes will be resolved per governing law.
| Field | Configuration |
|---|---|
| Required Fields | Mark address, purchase price, and signature blocks as mandatory. |
| Signer Order | Set seller or listing agent to sign after buyer or in specified sequence. |
| Conditional Sections | Show repair addenda only if inspection contingency selected. |
| Attachments | Require checkbox to confirm disclosures are attached. |
Use secure email, document upload to title/escrow portals, or eSignature platforms to distribute the signed contract.
Specified number of days from contract acceptance to complete inspections and request repairs.
Deadline for buyer to obtain lender commitment or notify seller of inability to proceed.
Time allowed for lender appraisal and buyer notice of valuation contingencies.
Scheduled date for transfer of title and possession per contract terms.
Dates for earnest money delivery and subsequent deposit requirements, if any.
Seller signs or counters; contract becomes binding when all required parties sign.
Buyer finishes inspections and communicates repair requests or elects to terminate.
Lender issues final approval subject to conditions that must be satisfied before closing.
Funds wired, deed signed, and title recorded to transfer ownership officially.
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