The Kentucky purchase agreement is the standard legal document utilized when 2 parties would like to form a contract for the sale & purchase of a residential property. When a home is on the market, it will usually receive offers from prospective buyers using this very agreement. The seller and individual(s) interested in buying the property must concur on the terms & conditions in which the exchange will transpire. The purchase price, method of financing, and settlement date should all be determined within the document prior to endorsements.

Required Disclosures

Lead-Based Paint Disclosure (42 U.S. Code § 4852d)– The federal government urges home sellers to provide prospective buyers with paperwork concerning lead paint hazards if the property was assembled before 1978.

Seller’s Disclosure of Property Condition (Form M105) (§ 324.360) – All residents of Kentucky looking to sell their home must complete a copy of this form which encompasses all the necessary legal disclosures demanded by the state. Essentially, this form will document the condition of the property at the time of sale.

Realtor Version

Kentucky Association of Realtors – Adobe PDF