free real estate purchase contract
the document is completed by a buyer, who presents the completed document to a home seller as a means of “making an offer” on their property. there are several important things that the buyer will need to get in order, which includes: the downpayment – a buyer should reserve a minimum of five percent (5%) for a downpayment on a home. however, buyers should be ready for the seller to try and negotiate a few sections of the offer to better suit their needs. if the buyer will be paying for the property with a loan, they will need to obtain a mortgage through a financial institution. the earnest money deposit is paid by the buyer to the seller upon the signing of the purchase agreement. to accurately describe the property, the buyer will need to enter a description of the property for sale.