This Oklahoma agreement sets out the terms and conditions of the sale, essential details about the property, as well as obligations on the part of both buyer and seller. It also includes provisions for closing costs tied to the purchase.
With this easy-to-edit legal document at your fingertips, you’re one step closer to finalizing your property purchase or sale. Please feel free to download and modify this contract as needed for your unique transaction.
REAL ESTATE PURCHASE AGREEMENT
THIS REAL ESTATE PURCHASE AGREEMENT (the “Agreement”) is entered into this [DATE] (the “Effective Date”), by and between [SELLER’S NAME], with an address at [SELLER’S ADDRESS] (the “Seller”), and [BUYER’S NAME], with an address at [BUYER’S ADDRESS] (the “Buyer”).ARTICLE 1: PROPERTY DESCRIPTION
Seller agrees to sell, and Buyer agrees to purchase, the real property situated in the State of Oklahoma, County of [COUNTY], commonly known as [PROPERTY ADDRESS] (the “Property”).ARTICLE 2: PURCHASE PRICE
The purchase price for the Property shall be [PURCHASE PRICE], payable as follows: [TERMS OF PAYMENT].ARTICLE 3: TITLE AND DEED
Upon payment of the Purchase Price by Buyer, Seller shall deliver to Buyer a general warranty deed conveying the Property free and clear of all liens and encumbrances, except as otherwise provided in this Agreement.ARTICLE 4: CLOSING DATE
The closing of the purchase and sale of the Property (the “Closing”) shall take place on [CLOSING DATE] at the office of [CLOSING LOCATION], or at such other time and place as the parties may agree.ARTICLE 5: INSPECTIONS
Buyer shall have the right to inspect the Property prior to Closing. Buyer’s failure to inspect, or decision to waive the right to inspect, shall not constitute a waiver of any of Buyer’s rights under this Agreement.ARTICLE 6: REPRESENTATIONS AND WARRANTIES
Seller represents and warrants to Buyer that, to the best of Seller’s knowledge, there are no material defects in the Property, and that the Property is in compliance with all applicable laws, rules, and regulations.ARTICLE 7: INDEMNIFICATION
Seller shall indemnify and hold harmless Buyer from and against any and all claims, damages, or liabilities arising out of any breach of Seller’s representations and warranties under this Agreement.ARTICLE 8: GOVERNING LAW
This Agreement shall be governed by and construed in accordance with the laws of the State of Oklahoma.ARTICLE 9: ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the parties with respect to the subject matter hereof, and supersedes all prior discussions, negotiations, and agreements, whether oral or written.SIGNATURES
SELLER: [SELLER’S NAME] ________________________ ___________________________ Signature Date BUYER: [BUYER’S NAME] ________________________ ___________________________ Signature Date This is a legally binding contract. If not understood, seek legal advice. NOTICE: Oklahoma law requires that real estate licensees provide this notice to potential sellers and buyers of real estate. You should not assume that any real estate broker or sales associate represents you unless you agree to engage a real estate licensee in an authorized brokerage relationship, either as a single agent or as a transaction broker. You are advised not to disclose any information you want to be held in confidence until you decide on representation.Download Contract
In addition to the Contract For Sale Of Real Estate In Oklahoma, you may also find it beneficial to review the Contract For Deed Template Oklahoma and the Contract For Rental Property Oklahoma for further understanding and preparation of comprehensive real estate agreements.