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A Washington residential purchase agreement is an essential document for promoting the transfer of residential property ownership. This legally binding document outlines essential details, such as the property’s description, agreed-upon purchase price, closing date, and associated costs.
The buyer and seller can negotiate specific contingencies, including specific financial obligations or additional property inclusions. Once they agree, they can incorporate these details into the agreement and sign it, solidifying their commitment and binding them to the contract’s terms.
Download: PDF or MS Word.
This contract from the Washington State Bar Association lets realtors facilitate real estate transactions.
42 U.S. Code § 4852d requires sellers to divulge lead-based paint hazards to buyers for any home built before 1978.
The seller must complete a seller disclosure form, ensuring to divulge all details outlined in RCW 64.06.020. Per RCW 64.06.030, the seller must issue the disclosure within five business days after the purchase agreement's execution date.
Yes. Washington sellers must divulge any material defects on a property before selling it. This provision makes it different from other states that implement the idea of “caveat emptor,” which dictates that buyers are responsible for learning about the property’s condition.
In Washington, sellers have a liability to ensure they reveal all material issues with a property.
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Create Your Washington Residential Purchase Agreement in Minutes!