Colorado Residential Purchase and Sale Agreement

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A Colorado residential purchase and sale agreement is a document negotiated by two parties, a buyer and a seller, with the intent of executing a residential property transaction. This agreement contains the terms and conditions of the arrangement between the two parties, including price, financing options, option to terminate, specifics regarding the closing of the sale, any applicable contingencies, and other details that legally bind the parties together. The State requires sellers to provide a disclosure statement with a Colorado residential purchase and sale agreement notifying the buyer of the condition of the property as well as any previous or existing issues.

Table of Contents

Realtor Version

Colorado Real Estate CommissionAdobe PDF

Required Disclosures

Lead-Based Paint Disclosure – In accordance with the U.S. Consumer Product Safety Commission, the seller must provide a lead-based paint disclosure form to a potential buyer.

Methamphetamines (§ 38-35.7-103) – It is required that it be stated in the purchase agreement that the Buyer is entitled to conduct testing on the property to see if it was ever used as a methamphetamine laboratory.

Sellers Residential Property Disclosure (§ 38-35.7) – An all-encompassing disclosure form that covers each individual state-mandated disclosure requirement including taxing districts, common interest community, meth lab, potable water, transportation projects, and oil and gas activity.

  • Potable Water (§ 38-35.7-104) – Seller must disclose the source of their water.
  • Transportation Projects (§ 38-35.7-105) – If there are any transportation projects that are underway nearby.

Green Disclosure – For properties that contain or are equipped with energy-related features and technologies.

Commercial Property

Commercial Purchase AgreementUse to buy or sell commercial property.

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