Massachusetts Real Estate Purchase Agreement Document

Massachusetts Real Estate Purchase Agreement

This Real Estate Purchase Agreement ("Agreement") is entered into by and between the Buyer(s) and Seller(s) on the date specified below and is specifically subject to the laws of the Commonwealth of Massachusetts, including but not limited to the Massachusetts Property Disclosure Statement required under state law.

1. Parties:
Seller(s): ____________________ ("Seller")
Buyer(s): ____________________ ("Buyer")

2. Property:
The real property is located at ____________________, in the city of ____________________, county of ____________________, Massachusetts (the "Property"). This includes all improvements, fixtures, and attachments on the property.

3. Purchase Price and Terms:
The purchase price for the Property is $____________________ to be paid as follows:

1. Initial deposit: $____________________ due upon the execution of this Agreement.
2. Additional deposit: $____________________ due on ____________________.
3. Balance of the purchase price in the amount of $____________________ to be paid at closing, in certified funds.

4. Closing and Possession:
The closing of the purchase of the Property shall occur on ____________________, at which time possession of the Property will be delivered to Buyer, subject to the terms and conditions of this Agreement.

5. Disclosures:
Seller agrees to provide Buyer with a completed Massachusetts Property Disclosure Statement at least ____________________ days prior to closing.

6. Inspection:
Buyer has the right to inspect the Property within ____________________ days before closing to ensure that the Property is in the same condition as when this Agreement was executed.

7. Default:
If Buyer defaults on this Agreement, all deposits made by Buyer shall be retained by Seller as liquidated damages. Should Seller default on this Agreement, Buyer has the right to seek specific performance or recover the deposits made by Buyer.

8. Governing Law:
This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts.

9. Signatures:
This Agreement shall be considered valid and in effect upon signature by both Buyer and Seller.

• Buyer's Signature: ____________________ Date: ____________________
• Seller's Signature: ____________________ Date: ____________________