Looking to buy or sell a home? Then you need a residential purchase agreement. This legal document outlines the terms and conditions of the sale, including the purchase price, closing date, and any contingencies. While you can hire a lawyer to draft one for you, there are also many free residential purchase agreement templates available online.

Before we dive into where to find these templates, let’s define what a residential purchase agreement is. It is a legally binding agreement between a buyer and seller of real estate. The document includes information about the property, the purchase price, and the terms of the sale. Typically, the agreement is used when a buyer has made an offer on a property and the seller has accepted.

Now that we understand what a residential purchase agreement is, where can you find a free template? Here are some options:

1. Real Estate Agent: If you’re working with a real estate agent, they may have a standard residential purchase agreement template they use. Ask them for a copy.

2. State Association of Realtors: Many state associations of realtors offer free residential purchase agreement templates on their websites. These templates are often tailored to the laws and regulations of your state.

3. Online Legal Document Services: There are many online legal document services that offer free residential purchase agreement templates. Some popular options include LegalZoom, Rocket Lawyer, and Nolo. Keep in mind that while these templates are free, you may need to pay for additional services like legal advice or document review.

When using a free residential purchase agreement template, it’s important to review it carefully to make sure it includes all the necessary information and is tailored to your specific situation. For example, if there are any unique circumstances or contingencies involved in the sale, you’ll need to make sure those are included in the agreement.

It’s also important to note that while a free residential purchase agreement template may be a good starting point, it may not be sufficient for all situations. If you have any doubts or questions about the document, consider consulting with a lawyer.

In conclusion, a residential purchase agreement is a necessary legal document when buying or selling a home. While there are many free templates available online, it’s important to review them carefully and consult with a lawyer if you have any questions or concerns.