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Maine Residential Purchase Agreement

A Maine residential purchase agreement is a contract used for the sale of real estate between a buyer and seller. The buyer completes and delivers the agreement to the seller as an offer to purchase. It includes all the terms of the agreement, such as purchase price, earnest money, financing terms, closing date, and inspection periods.
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Updated July 24, 2024

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Required Disclosures (2)

Lead-Based Paint Disclosure – If the property was built before 1978 and lead-based paint was used on the premises, the buyer must be notified.

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Seller’s Property Disclosure Statement – State law requires the seller to provide the buyer with full disclosure of the property’s water supply, insulation, heating, waste disposal, and defects, as well as any hazardous materials used in or around the premises.[1]

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Sources

  1. § 173