The Maine purchase agreement logs the details of a sale that is specific to residential real estate. This form is typically used to present the initial offer to the seller. The buyer will include their bid, earnest money deposit amount, and desired contingencies. The seller will then review the proposal and determine whether they agree to the terms provided or not. If they do not accept, they may counteroffer with the adjustments they feel entitled to. Once one of the parties agrees to the conditions of the other’s offer, they may sign the document to procure a binding covenant.

Required Disclosures

Lead-Based Paint Disclosure (42 U.S. Code § 4852d) – Required across the United States, this federal disclosure is demanded for all homes built before the year 1978.

Seller’s Property Disclosure (§ 173) – All sellers partaking in a residential real estate transaction must carry out a disclosure form covering the following areas concerning the property:

• Water Supply
• Waste Water Disposal
• Heating System/Source
• Hazardous Material
• General/Additional Information

(This form records all known material defects, it is not a substitution for a proper inspection.)

Realtor Version

Maine Real Estate Commission – Adobe PDF