Purchase Agreement
Defines price, contingencies, deposit, financing terms, inspection periods, prorations, seller concessions, and remedies for breach; serves as the operative contract before deed execution.
A well-prepared sale package reduces title risk, ensures timely HOA/resale compliance, clarifies payment and closing obligations, and supports smooth recording and transfer of ownership under applicable state real estate and recording laws.
Typical users include sellers, buyers, real estate agents, title companies, closing attorneys, and condominium association managers who coordinate required disclosures and recording.
The seller is the current record owner listed on title. The seller must disclose condo association documents, sign the purchase agreement and deed, and satisfy payoff and lien clearance requirements before recording.
The buyer executes the purchase agreement, satisfies financing or cash conditions, reviews the association estoppel, and signs final closing documents to accept title and request deed recording.
Defines price, contingencies, deposit, financing terms, inspection periods, prorations, seller concessions, and remedies for breach; serves as the operative contract before deed execution.
Conveys the unit (warranty or quitclaim). Must include correct legal description, signer(s) identification, notarization/acknowledgement, and language required by the recording jurisdiction.
Resale certificate/estoppel, bylaws, financials, and rules required by many states and associations; these affect buyer approval and funding conditions.
Issued by the title company detailing exceptions, required curative items, and the proposed form of the owner’s title insurance policy.
Itemizes seller and buyer debits and credits, prorations, escrow funds, payoff figures, and distribution instructions at closing.
Power-of-attorney, payoff letters, lender payoff demands, or HOA consents that enable third-party settlement handling when needed.
| Field | Configuration |
|---|---|
| Signature Field | Required for seller and buyer; date stamp included |
| Notary Block | Place notary acknowledgement with jurat and date |
| Attachment Field | Attach estoppel, title commitment, and ID |
| Signer Order | Set seller then buyer then closing agent |
For e-signing and e-submission, use a platform that supports PDF/DOCX, audit trails, and optional advanced authentication to meet lender or recording office requirements.
| 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 | Varies | Varies | Varies |
| Bulk Send | Yes | Yes | Yes | Yes | No |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes | Yes | Yes | No | No |
Seller response often required in 48–72 hours per contract
Commonly 7–15 days for buyer inspections and repairs
Associations often deliver estoppel within 7–14 days
Set by agreement; funding and signatures must complete by this date
Deeds usually recorded within 1–10 business days after closing
Save the fully signed package as tamper-evident PDF; also store DOCX for editable copies and PDF/A for long-term archival.
Provide a clean, print-ready PDF with notarization block on the page containing signatures for county submission.
Retain the signing certificate showing timestamps, IP addresses, and authentication method to prove attribution and intent.
Include title commitment, estoppel, payoff demands, and ID documents in the closing file for the title company and recorder.
Tim Martin found online execution streamlined multi-party closings for his agency.
Optica Ventures moved to online signing to simplify customer interactions.