Georgia Residential Purchase and Sale Agreement

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A Georgia residential purchase and sale agreement is a contract that legally binds two parties (seller and buyer) together for the purpose of making a transaction of a residential property. This contract covers all the pertinent information regarding the transaction including price, financing terms, rights and obligations of both parties, and a closing clause. Should any problems arise during the sale, the agreement exists to mediate the situation and ensure the transaction is fair to both parties. Once the agreement has been signed, it may not be terminated unless both parties agree.

Table of Contents

Realtor Version

Georgia RealtorsAdobe PDF

Required Disclosures

Seller’s Property Disclosure Statement (§ 44-1-16) – A specific, standard disclosure form is not required by law in the State of Georgia, however, there is a general requirement for sellers to disclose any material defects to a potential buyer; i.e., issues or conditions that would not otherwise be evident to the buyer. The seller is also obliged to answer any and all questions the buyer has except questions that are based on discrimination of race, color, religion, sex, national origin, familial status, or disability.

Lead-Based Paint Disclosure – Used exclusively when a property built before 1978 is being sold.

Commercial Property

Commercial Purchase AgreementUse this agreement as a legal contract between a buyer and a seller for commercial property transactions.

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