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Maryland Residential Purchase Agreement

A Maryland residential purchase agreement is a contract that binds a buyer and a seller for the sale and transfer of real estate. It outlines the specific terms and conditions of the agreement and sets a deadline for when the offer expires.
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Required Disclosures (2)

Lead-Based Paint Disclosure – In accordance with federal law, if a residential property was built before 1978, purchasers must be given information about the application of lead-based paint on the property.

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Residential Property Disclosure and Disclaimer Statement (§ 10-702) – State law requires that the seller of a residential property disclose the property’s condition and defects (if any) to the purchaser. The seller must provide the disclosure form before the purchaser has executed the purchase agreement.

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