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Real Estate Acquisition PFA

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REAL ESTATE ACQUISITION PFA

Parties

This Real Estate Acquisition Purchase and Financing Agreement ("Agreement") is entered into by and between:

Property Identification

Property Address:

Purchase Price and Payment Terms

Purchase Price:

Escrow Agent:

Financing Contingency

Buyer contingency for financing: Buyer shall have the right to obtain financing as described below. Loan amount requested: . Interest rate cap: .

If Buyer cannot reasonably obtain financing on or before the contingency deadline, Buyer may terminate and receive return of earnest money in accordance with the escrow instructions and this Agreement.

Inspections and Due Diligence

Inspection Period: Buyer shall have days from effective date to complete inspections and investigations. Effective Date: .

Closing and Possession

Closing Date: . Possession to be delivered by Seller: (unless otherwise agreed in writing).

Prorations, Closing Costs, Title

Property taxes, assessments, rents, and other customary items shall be prorated as of the Closing Date. Buyer shall pay for lender's title policy; Seller shall pay for owner's title clearance and standard closing fees except as otherwise provided here.

Representations, Warranties and Disclosures

Each party represents and warrants to the other that it has full authority to enter into this Agreement and that the execution and performance do not violate other agreements or law. Seller expressly warrants that, to Seller's knowledge, the information in the Disclosures section is true and complete.

Lead-based paint disclosure required for pre-1978 residential property: Yes No

Known mold or water intrusion: Yes No

Prior material structural damage or repairs: Yes No

Default and Remedies

If Buyer defaults, Seller may retain earnest money as liquidated damages or seek specific performance and actual damages where permitted. If Seller defaults, Buyer may elect to terminate and receive return of earnest money, pursue specific performance, or seek damages. Remedies are cumulative and do not preclude other remedies at law or equity.

Insurance, Indemnity and Risk of Loss

Risk of loss to the Property shall remain with Seller until Closing. Seller shall maintain insurance in effect until possession is delivered. Each party agrees to indemnify the other for losses arising from breaches or willful misconduct by the indemnifying party.

Brokers

If any broker or real estate agent is entitled to compensation in connection with this transaction, the party engaging such broker shall be responsible unless otherwise agreed in a separate written commission agreement disclosed at or prior to Closing.

Governing Law; Entire Agreement

This Agreement shall be governed by the substantive laws of the state in which the Property is located. This Agreement, together with escrow instructions and any exhibits, constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements.

Notices

All notices required or permitted hereunder shall be in writing and delivered to the contact addresses set forth above or such other address as a party designates in writing.

Additional Provisions

Execution of this Agreement may be accomplished in counterparts and by electronic or scanned signatures, each of which shall be deemed an original and all of which together shall constitute one and the same instrument.

Buyer Printed Name:

By:

Date:

Seller Printed Name:

By:

Date:

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What the Real Estate Acquisition PFA Is and when it’s used

The Real Estate Acquisition PFA is a standardized purchase and financing agreement used to document the principal terms of a property acquisition: buyer and seller identity, legal property description, purchase price, allocated deposits, financing commitments, contingencies, closing conditions, and conveyance mechanics. It functions as the operative agreement that guides escrow and title processes, coordinates lender requirements, and sets deadlines for inspections, approvals, and recording. The PFA can be executed on paper or electronically, but accuracy in legal descriptions and signatures is essential to avoid recording or title delays.

Why a clear, correct PFA matters for real estate closings

A properly completed Real Estate Acquisition PFA aligns buyer, seller, lender, title, and escrow expectations, reduces closing friction, and documents risk allocation for contingencies and post-closing liabilities.

Why a clear, correct PFA matters for real estate closings

Primary parties and roles that complete or rely on the PFA

Legal counsel, title officers, and closing agents also review the PFA to confirm compliance with state recording and lender requirements prior to closing.

  • Buyers and investors completing purchase terms and financing contingencies.
  • Sellers and listing brokers coordinating disclosures and title deliverables.
  • Lenders, underwriters, and escrow agents validating financing conditions and closing deliverables.

Core sections to include in a professional PFA

A complete Real Estate Acquisition PFA is structured to make roles, money flows, and deadlines explicit so title and lender workflows can proceed without ambiguity.

Parties & Recitals

Clearly name buyer, seller, and any intermediary entities; include authority to sign and brief transaction background for context.

Property Description

Include full legal description, street address, parcel or tax ID, and any attachments such as plat maps or exhibits to avoid recording rejections.

Purchase Price

Show base price, earnest money, adjustments for prorations, assumed debts, deposits, and how funds are to be applied at closing.

Financing Terms

State loan type, lender conditions, commitment date, buyer’s obligation to pursue financing, and consequences of loan denial.

Contingencies

List inspection, title, environmental, zoning, appraisal, and survey contingencies with clear cure periods and termination rights.

Closing Mechanics

Set closing date, place, escrow instructions, documents to be delivered, prorations, and recording responsibilities.

Essential data fields the PFA must contain

Full legal names: Use entity/legal name
Property ID: Parcel/tax ID
Purchase price: Numeric amount
Financing source: Lender name/type
Title company: Company and contact
Effective date: MM/DD/YYYY format

Step-by-step: completing the Real Estate Acquisition PFA

Follow these core steps in order to prepare a PFA that supports escrow, title, and lender workflows without rework.

  • 01
    Gather documents: Collect IDs, prior deeds, title report and survey.
  • 02
    Fill core terms: Enter parties, price, deposit, and effective date.
  • 03
    Add contingencies: Specify inspection, financing, and title cure periods.
  • 04
    Review and sign: Confirm signatures, dates, and delivery instructions.

Configuring an online PFA workflow

Set the digital workflow to match transaction order and authentication needs before sending the PFA for signature.

Field Configuration
Authentication Email link or SMS code for signer verification
Conditional fields Show financing sections only when buyer selects financing
Bulk send Use for multiple investors or parallel review
Notifications Enable reminders and completion receipts

Where to send the completed PFA and who receives copies

After signature, route executed documents to title, escrow, lender, and retained counsel as required — confirmations and audit trails are critical.

  • Title company: Provide executed PFA, signature page, and prior title report
  • Escrow agent: Send full executed package with deposit instructions
  • Lender / underwriter: Deliver PFA and certification for loan closing conditions
  • County recorder: Submit deed and any mortgage for official recording

Digital signing and file-format expectations

Preserve the signed PDF and the audit certificate for closing and post-closing audits; include accessible copies for all parties and the title insurer.

  • Integrations: Salesforce, NetSuite, Google Workspace, Microsoft 365
  • File formats: PDF and DOCX are preferable for recording and archival
  • Security: TLS in transit; AES-256 at rest

Typical timing and deadline items in a PFA

Standard PFAs set explicit deadlines so contingencies, financing, and title issues resolve before closing; adjust windows to reflect deal complexity.

Inspection contingency deadline:

Usually 10–14 days for inspections and repair requests

Financing commitment date:

Commonly 21–45 days to secure loan approval

Title objection deadline:

Often 5–10 days after delivery of title report

Closing date:

Set a specific MM/DD/YYYY for escrow closing

Recording deadline:

Recording typically within 1–5 business days after closing

Frequent preparation problems to avoid

  • Incomplete legal descriptions that cause county recorder rejections and delay funding and title insurance issuance.
  • Mismatched party names between PFA, title, and lender documents triggering affidavit requirements.
  • Unclear contingency language that leaves timing or cure rights ambiguous and invites disputes.
  • Missing signature pages or unsigned corporate officer blocks that render parts of the agreement unenforceable.

Consequences of errors or omissions in the PFA

Title defects: Closing delay
Missing signatures: Unenforceable terms
Wrong description: Recording rejection
Late financing: Breach risk
Invalid signatory: Voidable agreement
Improper delivery: Escrow noncompliance

eSignature vendor comparison for executing the PFA

Compare common vendor pricing and feature availability when choosing an eSignature provider for Real Estate Acquisition PFAs; signNow appears first per guidance.

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 (Premium) Yes Yes Yes No / limited
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes (BAA available) Yes (BAA available) Yes (BAA available) Plan-dependent Plan-dependent
Envelope Cap No envelope cap 100 envelopes/user/yr Varies by plan Varies by plan Varies by plan

Frequently asked questions about completing and using the PFA

Common questions cover signature validity, notarization, lender acceptance, and electronic workflows; answers focus on practical next steps and legal standards.


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