Free Alabama Real Estate Purchase Agreement Template | PDF | Word

Alabama Real Estate Purchase Agreement Template

An Alabama purchase agreement allows a buyer to submit an offer to a seller. If the seller agrees to its terms, the agreement becomes a legally binding sales contract. Buyers typically offer an earnest money deposit between 2% and 5% of the sales price to indicate good faith in fulfilling the agreement.

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Last updated October 21st, 2024

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An Alabama purchase agreement allows a buyer to submit an offer to a seller. If the seller agrees to its terms, the agreement becomes a legally binding sales contract. Buyers typically offer an earnest money deposit between 2% and 5% of the sales price to indicate good faith in fulfilling the agreement.

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Buyer Beware (§ 6-9-142) – It is the buyer’s responsibility to “look for himself as to the title and soundness of all property.” A buyer may choose to require the seller to complete a property disclosure statement attesting to structural defects or repairs needed.

Realtor Versions

Birmingham Assoc. of Realtors – PDF

Montgomery Assoc. of Realtors – PDF

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