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Pennsylvania Residential Purchase Agreement

A Pennsylvania residential purchase agreement establishes a legal arrangement between a buyer and a seller in a real estate transaction. The agreement addresses various terms, including the agreed-upon purchase price, personal items to remain on the property, closing conditions, earnest money, and other financial contingencies.
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State Laws

According to Pennsylvania law, before a contract can be signed, the seller must furnish to the buyer a Property Disclosure Statement mentioning any known material defects that could affect the buyer’s decision to purchase.[1]

The seller cannot make false, deceptive, or misleading facts about the property or fail to disclose a known material defect.[2]

Required Disclosures (2)

Lead-Based Paint Disclosure – If a property is being sold to a buyer, and the property was built before 1978, the seller must provide the buyer with this disclosure form to notify them of any lead-based paint which might be contained in the dwelling.

Download: PDF

 


Seller’s Property Disclosure Statement – Sellers are required to complete this property disclosure and provide it to buyers before signing a purchase and sale agreement.[1]

eForms Version: PDF

Realtor Version: PDF