: Protects the buyer if they are unable to secure a mortgage within a specified timeframe.
: Verifies the property is free of liens or legal disputes before the sale is finalized. Free Real Estate Purchase Agreement | Customizable Template sample sales agreement for buying a house
: A "good faith" deposit (often 1–3% of the price) demonstrating the buyer's commitment, including who will hold it in escrow. : Protects the buyer if they are unable
: Ensures the home's valued price is equal to or higher than the purchase price; otherwise, the buyer can walk away. : Ensures the home's valued price is equal
: The total agreed-upon amount and the method of payment, such as all cash or bank financing.
: The street address and a formal legal description (often found on the deed) to eliminate ambiguity.
: A clear list of what stays with the home (e.g., appliances, light fixtures) and what the seller will take. Critical Contingency Clauses