Real Estate Purchase Agreement Template - Kentucky

A Kentucky Real Estate Purchase Agreement is a formal document that establishes legal rights and obligations of the parties to the transfer of ownership of real estate - the seller and the buyer. Here is what you need to add to your contract to make it legally binding for individuals or organizations that sign it:

1. Names and addresses of the parties.
2. Description of the property and items that are included in the deal (fixtures and appliances the seller is willing to leave behind).
3. Price of the real estate. Before you sign the papers, decide on the date when the property becomes the physical possession of the purchaser.
4. Home inspection. Decide which party will pay for the services of the home inspector.
5. Contingencies - indicate which issues lead to the termination of the contract.
6. Signatures of both parties or their representatives and the actual date of signing.

Kentucky does not provide an official Real Estate Purchase Agreement for those looking to buy real estate. Make your own Kentucky Real Estate Purchase Agreement via our online form builder or download a ready-made form through the link below.

The property owner must give two more documents to the purchaser before the deal is finalized:

• A Lead Disclosure - if the residence was built before 1978, inform the buyer about lead-based paint in the walls and on the surfaces;
• Seller's Disclosure of Property Condition covers the known and potential defects of the house or apartment.