Nebraska Real Estate Purchase Agreement Template

Downloads: 1,337

The Nebraska purchase agreement is an integral component of a real estate transaction. It is what legally binds the seller and purchaser to carry out the terms of a sale. The buyer will typically make the first move by putting an offer on the property. The terms of the offer are recorded to this form and presented to the seller in hopes of being accepted. The owner can then contemplate as to whether they consent to the terms provided or instead, wish to counter the proposition with alternate conditions. Some of the areas that should be covered within the document include the earnest money deposit, final selling price, and prospective date of closing. Once these matters have been settled and both parties are content with the written conditions, they may finalize the sale by executing the signature portion of the contract.

Required Disclosures

Condo Unit (§ 76-883) – The seller (or individual operating on their behalf) must present the prospective buyer with a copy of the public-offering statement that describes how the condominium project functions.

Lead-Based Paint Disclosure (42 U.S. Code § 4852d) – Specifically designated for housing constructed before the year 1978, this federally enforced disclosure requires transferors of real property to supply transferees with documents/records pertaining to the discovery of lead paint within the confines of the property.

Sanitary and Improvement District (SID) (§ 31-727.03(2)) – If the home for sale is located within a SID, the vendor is responsible to provide the purchaser with the most recent statement containing information about the current individuals in charge of governing the district.

Seller Property Condition Disclosure (SPCD117) (§ 76-2,120(7)) – The person(s) looking to sell their residence is liable to accomplish a disclosure statement that provides an overview of the property’s current condition and notes any material defects that may be present within the structure.

Realtor Version

Nebraska Real Estate CommissionAdobe PDF

Omaha Area Board of RealtorsAdobe PDF

Realtors Association of Lincoln Adobe PDF