Updated April 18, 2024
A Nebraska purchase agreement includes the terms for a transaction of real estate between a buyer and seller. The agreement will include the sales price, preferred closing period, financing contingencies, and time required to conduct due diligence. After acceptance, the buyer will commonly perform inspections on the property and check for any material or structural defects. If financing is required, then the real estate may need to appraise at or close to the sales price.
Before a purchase agreement can become legally binding, the seller must complete and give to the buyer a Property Disclosure Statement.
Table of Contents |
Realtor Version
Nebraska Real Estate Commission
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Disclosures (2)
Lead-Based Paint Disclosure – When selling a home that was built before 1978, the seller must provide potential buyers with a disclosure form that describes the possibility of lead-based paint being present on the property.
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Seller’s Property Condition Disclosure Statement (§ 76-2,120) – Buyers must be given a written statement describing the property’s condition before the purchase agreement becomes effective.
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Commercial Property
Commercial Purchase Agreement – Use this agreement as a legal contract to buy or sell commercial property.
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