Types Of Purchase Agreements For Real Estate (2026)

Common Purchase Agreement Types and Use Cases

Here are a few of the most common types of purchase agreements in real estate and when each might be used.

Real Estate Purchase Agreement

A real estate purchase agreement is a contract between the buyer and seller of a piece of real estate, often a residential property. However, like other types of purchase agreements, a real estate purchase agreement is highly detailed.

You can generally expect a real estate purchase agreement to include the following:

• Information about the buyer, seller and property
• The agreed-upon price for the property
• Financing details
• Which appliances and fixtures will or won't come with the property
• A clarification of who must purchase title insurance
• The exact closing date
• Any contingencies, or conditions that must be met before the property is sold

Real estate purchase agreements tend to be very negotiable. Before signing, the buyer and seller or their attorneys will typically work out the details so that the contract is acceptable to both.

Whether you're buying or selling a property, it's important to protect yourself by clearly outlining the terms of the sale. You can create a real estate purchase agreement online.

Commercial RE Purchase Agreement

A commercial real estate (RE) purchase agreement is designed specifically for buyers and sellers of retail spaces, office buildings, hotels and other commercial properties. Although they have a lot in common with residential real estate purchase agreements, commercial agreements have some key differences.

For instance, most have lengthy due diligence periods to allow buyers time to thoroughly investigate before committing. They also typically have more complex contingencies, and most are customized to suit the specific sector or industry.

If you're entering into a commercial real estate transaction, you can create your commercial RE purchase agreement quickly and easily.

Land Purchase Agreement

If someone is buying vacant land, they'll need to sign a land purchase agreement as opposed to a real estate purchase agreement. Land purchase agreements are often less complex because they don't have to address any buildings.

Most land purchase agreements will detail the following:

• Utility access
• Land use and zoning
• Any easements involving the property

Creating a land purchase agreement can help protect both parties during and after the transaction, and it only takes a few minutes to create one.

The Right Purchase Agreement Matters

A purchase agreement isn't just a piece of paper. As a legally binding agreement, it protects the rights of both buyer and seller, reduces the risk of misunderstandings and helps ensure a smooth sale.