The Real Estate Buy and Sell Agreement serves as the primary document in property transactions across the United States. This agreement is essential for documenting the terms of property transfers, protecting both buyers' and sellers' interests, and ensuring compliance with applicable laws. It includes crucial elements such as property description, purchase price, closing conditions, and various contingencies. The document must adhere to both federal regulations (such as RESPA and the Fair Housing Act) and state-specific real estate laws, which can vary significantly by jurisdiction. It's commonly used in residential and commercial property transactions, requiring careful attention to local requirements and market conditions.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies and defines the buyer and seller with full legal names and addresses
2. Background: Establishes the context of the sale and basic property information
3. Definitions: Defines key terms used throughout the agreement
4. Property Description: Detailed legal description of the property being sold
5. Purchase Price: States the agreed purchase price and payment terms
6. Closing: Specifies closing date, location, and requirements
7. Title and Deed: Details regarding property title transfer and deed requirements
8. Representations and Warranties: Standard declarations by both parties regarding the property and transaction
1. Financing Contingency: Used when buyer needs to secure financing - include when purchase depends on buyer obtaining mortgage approval
2. Inspection Contingency: Buyer's right to inspect property - include when buyer wants right to inspect before finalizing purchase
3. Sale Contingency: Makes purchase contingent on buyer selling existing property - include when buyer needs to sell current property to purchase new one
4. Tenant Rights: Addresses existing tenant situations - include when property is currently tenant-occupied
1. Property Inventory: List of included fixtures and fittings
2. Property Disclosure Statement: Seller's disclosure of property condition and known issues
3. Title Report: Current title status and any encumbrances
4. Environmental Reports: Any required environmental assessments or disclosures
5. Survey Documents: Property surveys and plot plans
6. HOA Documents: Homeowners Association rules and regulations if applicable
Authors
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Vacant Land Sale Contract
A U.S. legal agreement governing the sale and purchase of undeveloped land, incorporating state and local property regulations.
find out more
Real Estate Buy And Sell Agreement
A U.S. legal contract governing the sale and purchase of real property, compliant with federal and state-specific real estate laws.
find out more
Business Sell Agreement
A U.S. legal document governing the sale and purchase of a business, including terms, conditions, and obligations of all parties involved.
find out more
Apartment Sales Contract
A U.S.-compliant contract governing the sale and purchase of apartment properties, incorporating federal and state-specific real estate regulations.
find out more
Residential Real Estate Purchase Contract
A legally binding agreement for residential property transactions in the United States, outlining terms and conditions of sale between buyer and seller.
find out more
Buyout Agreement
A U.S.-governed agreement that documents the terms and conditions for purchasing ownership interests or assets of a business.
find out more
³Ò±ð²Ô¾±±ð’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)