Purchase Agreement
Defines purchase price, earnest money, contingencies, closing date, prorations, and conditions that must be satisfied before title transfer occurs.
Accurate seller documents reduce closing delays, limit post-closing disputes, and support proper tax and recording compliance. Complete records document condition disclosures, permit transfer of title, and provide evidence needed by lenders, title insurers, and taxing authorities; incomplete or inconsistent paperwork invites corrective deeds, extended escrow, or monetary penalties.
Multiple parties prepare and review seller documents as part of a standard transaction workflow.
Roles can overlap by jurisdiction and transaction complexity; document control and signature authority should be clear before escrow opens.
A property owner signing in a personal capacity must use the exact legal name as on government ID. If title is held jointly, all titleholders typically must sign or provide verified authorization for a signing agent to avoid defects in recording and title transfer.
A corporate or trustee seller signs via an officer or fiduciary with proof of authority. Expect board resolution, corporate authority certificate, or trustee affidavit to be attached when an agent executes on behalf of an entity.
Defines purchase price, earnest money, contingencies, closing date, prorations, and conditions that must be satisfied before title transfer occurs.
Conveys title; includes precise grantor/grantee names, legal description, and a notary or acknowledgement block required for county recording.
State-mandated disclosure of material facts about property condition, environmental hazards, and prior claims or repairs; formats vary by jurisdiction.
Itemizes buyer and seller credits and debits, prorations, mortgage payoffs, seller proceeds, and escrow instructions for fund distribution.
Includes forms used for reporting proceeds (for example, 1099-S) and any required withholding forms; timing and thresholds vary.
Title commitment, affidavits, release of liens, and recording cover sheets to ensure accurate county recorder processing.
| Field | Configuration |
|---|---|
| Signature Field | Require signer name and date |
| Notary Block | Place acknowledgement and seal area |
| Conditional Fields | Show additional forms for entity sellers |
| Routing Order | Escrow → Title → Lender → Buyer |
Choose tools that integrate with escrow, title, and accounting systems to reduce manual handoffs.
Ensure the platform supports audit trails, optional two-factor signer authentication, and export options compatible with county recorder or title company requirements.
| Criteria | Seller Documents | Buyer Documents |
|---|---|---|
| Purpose | convey title | secure purchase |
| Key signer | seller(s) | buyer(s) |
| Common forms | deed, disclosure | loan, promissory note |
| Recorder filing | deeds typically recorded | financing recorded as lien |
| 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 plan | Varies by plan | Varies by plan | Varies by plan |
| Bulk Send | Yes | Yes | Yes | Yes | Varies |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |
| Envelope Cap | No envelope cap | 100 envelopes/user/year | Varies by plan | Varies by plan | Varies by plan |
Earnest money and contingencies set the initial timeline
Complete statutory seller disclosures and inspection contingencies
Prepare closing statement, confirm payoffs and prorations
Record deed and related documents with county recorder
No fixed filing deadline; furnish to payer promptly
Recipient and IRS due Jan 31
Form 1040 generally due April 15
Set by agreement; coordinates funding and recording
Record promptly; county processing times vary
Martin Properties moved closings online to reduce in-person steps and maintain compliance.
Optica relied on a simple interface to collect signatures from remote investors and sellers.