Nebraska Residential Real Estate Purchase and Sale Agreement

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Updated April 18, 2022

A Nebraska residential real estate purchase and sale agreement provides the terms of a potential buyer’s offer to purchase a piece of real estate. In the body of the document, the buyer will provide the monetary amount that they are offering, how they plan on paying if the offer is accepted, and the offer’s expiration date. Up until the contract’s expiration date, the seller may accept the agreement or present a counteroffer to the potential buyer. Once both parties have signed the contract, the agreement is closed and the purchaser will have to pay the seller as promised. Before the agreement becomes effective, the seller must provide the buyer with a disclosure statement that describes any defects or deterrents.

Table of Contents

(Video) Nebraska Residential Purchase Agreements Explained

Realtor Version

Nebraska Real Estate Commission – Adobe PDF

Required Disclosures

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.

Seller’s Property Condition Disclosure Statement (§ 76-2,120) – Real estate buyers must be given a written statement describing the property’s condition before the purchase agreement becomes effective.

Commercial Property

Commercial Purchase AgreementUse this agreement as a legal contract to buy or sell commercial property.

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