Updated on June 21st, 2023
The Maine purchase agreement records the terms and details of a residential property sale. Prospective buyers typically use this form to propose an offer for the seller to accept or counter. The document logs the bid or sales price, earnest money deposit amount, and desired contingencies.
When all parties agree to its conditions, they may sign the document to procure a legally-binding contract.
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.)
Maine Real Estate Commission – PDF