Updated September 20, 2023
A Pennsylvania residential purchase and sale agreement establishes a legal arrangement between a buyer and a seller in a real estate transaction. The agreement addresses a variety of terms including the agreed-upon purchase price, personal items to remain on the property, closing conditions, earnest money, and other financial contingencies. Ownership of the property can only be transferred lawfully if the buyer and seller consent to the contract terms and inscribe their signatures on the agreement.
According to Pennsylvania law (§ 7304), before a contract can be signed, the seller must furnish to the buyer a Property Disclosure Statement mentioning any known material defects which could affect the buyer’s decision to purchase.
The seller cannot make false, deceptive, or misleading facts about the property or fail to disclose a known material defect (§ 7308).
Table of Contents |
Realtor Version
Pennsylvania Assoc. of Realtors Version
Download: PDF
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 (§ 7304) – Sellers are required to complete this property disclosure and provide it to buyers before signing a purchase and sale agreement.
eForms Version: PDF
Realtor Version: PDF
Commercial Property
Commercial Purchase Agreement – Use this document to purchase or sell any type of commercial property.
Download: PDF, MS Word, OpenDocument