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South Dakota Residential Purchase Agreement

A South Dakota residential purchase agreement is a contract between the buyer and the seller of a residential property. The document outlines the buyer's offer and, upon the seller's acceptance of the proposal, will act as a legally binding agreement between both parties.
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Updated October 17, 2024

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Required Disclosures (3)

Lead-Based Paint Disclosure – Required when selling any property built before 1978. Sellers must use this disclosure to inform buyers of the existence of lead-based paint used on the property.

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Seller’s Property Condition Disclosure Statement – Details the material condition of the property. Sellers must give this disclosure to buyers before receiving a written offer.[1]

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Real Estate Relationships Disclosure – Used to establish a relationship between a buyer/seller and a licensed real estate agency.

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Sources

  1. § 43-4-38