Parties
Identify each buyer and seller with full legal names, business designations, and contact details; include agent or escrow contact and authority documentation where appropriate.
A properly drafted contract reduces ambiguity, protects buyer and seller rights, governs risk allocation, and creates enforceable obligations under ESIGN and state law when properly executed and retained.
Buyers, sellers, brokers, title companies, lenders, and attorneys commonly use the Virginia Sales Contract in both personal and commercial transactions.
Use the contract with supporting documents and retain copies per regulatory and tax requirements to preserve rights and satisfy audits.
Identify each buyer and seller with full legal names, business designations, and contact details; include agent or escrow contact and authority documentation where appropriate.
Describe the property or goods precisely (street address and legal description for real estate; VIN/serial numbers for vehicles; quantity and SKU for goods).
Set the total price, deposit/earnest money amount, payment schedule, accepted payment methods, escrow instructions, and any seller financing terms.
List inspection, financing, appraisal, and title contingencies with deadlines and cure periods to define each party's obligations.
State any seller representations, statutory disclosures, and limits on liability, including as-is clauses or express warranties.
Specify closing mechanics, delivery of documents, deed or bill of sale assignment, risk of loss, and possession timing.
Provide current title, deed, or certificate showing seller's ownership and note any liens. Title evidence prevents transfer defects and is required by most closing agents.
Include home inspection, vehicle inspection, pest, or equipment condition reports to memorialize known defects and inspection contingencies tied to remedies.
Attach any statutorily required disclosures (lead paint, property condition, odometer statements) to avoid later statutory penalties or rescission claims.
If an entity or agent signs, include formation documents or power of attorney demonstrating signer authority to bind the seller or buyer.
Use industry-standard file types (PDF, DOCX) and platforms that support audit trails, secure storage, and signer authentication.
Choose a platform that supports conditional fields, mobile signing, audit logs, and export to standard formats to simplify closing workflows and records retention.
Date when obligations begin (MM/DD/YYYY)
When earnest money is payable into escrow
Deadline to complete inspections and request repairs
Final date to secure lender approval
Date for final payment, deed transfer, and possession
| 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 (Business Premium) | Varies by plan | Varies by plan | Yes | Varies by plan |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes (BAA required) | Varies by plan | Varies by plan | Varies by plan | Varies by plan |
| Envelope Cap | No cap | 100 envelopes/user/year | Varies by plan | Varies by plan | Varies by plan |