A North Dakota Real Estate Purchase Agreement is an agreement between a seller and a buyer who wish to implement a real property purchase. This document includes a property description and the seller's representations and warranties. It is necessary to include in the contract the seller's and buyer's closing deliverables and costs that the parties have to pay. You should also indicate when the seller will transfer exclusive possession of the property to the buyer.
The agreement must reflect that all sums paid for this agreement and the reasonable expenses related to the examination of the title are collateral for the property. Additionally, indicate that the parties should transfer the property in the same condition as it was at the time of the buyer's final inspection. This contract must contain information about the governing law regulating it, the courts for resolving any disputes that may arise, and addresses for delivery of notices or other communication provided to any party.
North Dakota does not provide an official Real Estate Purchase Agreement for those looking to buy real estate. Make your own North Dakota Real Estate Purchase Agreement via our online form builder or download a ready-made form through the link below.
A Seller's Property Disclosure Statement (§ 47-10-02.1) must be provided by the seller to the buyer before an agreement is authorized in the state of North Dakota. The disclosure statement will list any issues with the property that a potential buyer should be made aware of. Also, a filled-out and notarized Lead Disclosure is required for all residential properties built before 1978.