Property Description
Include full street address and legal description (lot, block, subdivision or parcel ID) so the deed and title report match escrow instructions.
A precise Accepted Purchase Agreement reduces ambiguity about price, contingencies, closing steps, and remedies; it documents mutual intent at the point of contract formation and creates enforceable obligations that protect buyers, sellers, lenders, and title companies.
Accurate completion helps each participant perform their role and reduces the risk of closing delays or disputes.
Include full street address and legal description (lot, block, subdivision or parcel ID) so the deed and title report match escrow instructions.
State the exact dollar amount, allocation of closing costs if any, and the method of payment such as cash, mortgage, or combination.
Specify deposit amount, escrow holder, due date, and conditions for return or forfeiture to avoid disputes about good faith deposits.
Set inspection, appraisal, financing, and title contingencies with clear deadlines and cure periods that control termination rights.
Define closing date, location, who pays which fees, and the date the buyer takes possession or occupancy conditions.
Include seller disclosures, condition warranties, and any required statutory statements about lead paint, radon, or other mandated disclosures.
| Field | Configuration | Field name and recommended online setting |
|---|---|
| Document Type | PDF/DOCX with locked signature fields |
| Signer Authentication | Email link or SMS code for identity verification |
| Conditional Fields | Show financing clauses only when 'mortgage' selected |
| Audit Trail | Enable timestamping and IP capture for each signer |
Ensure the chosen platform supports audit trails, secure storage, and the authentication level required by the lender or jurisdiction before collecting signatures.
Deadline for seller acceptance, often 24–72 hours after offer delivery.
Specified date to deliver deposit to escrow, typically within 3 business days.
Commonly 7–10 calendar days for inspection contingency notices.
Date by which buyer must deliver loan approval or termination notice.
Date when funds and deed exchange; may move by mutual written amendment.
Tim Martin used fully executed online agreements to close remotely for a portfolio sale
Optica Ventures standardized accepted agreements across agents to reduce title exceptions
| 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 by vendor | Varies by vendor | Varies by vendor | Varies by vendor |
| Bulk Send | Yes | Yes | Yes | Yes | Varies by plan |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |