Attorney-Verified Real Estate Purchase Agreement Form for Hawaii State Edit Form

Attorney-Verified Real Estate Purchase Agreement Form for Hawaii State

The Hawaii Real Estate Purchase Agreement form is a legally binding document that outlines the terms and conditions of a real estate transaction in Hawaii. This agreement serves as a crucial tool for buyers and sellers, ensuring that both parties are clear on their rights and obligations. Understanding this form is essential for a smooth and successful property transfer; take action by filling out the form below.

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The Hawaii Real Estate Purchase Agreement is a crucial document in the home buying process in the Aloha State. This form outlines the terms and conditions under which a buyer agrees to purchase a property from a seller. Key elements include the purchase price, financing details, and the closing date. Additionally, it specifies the property description, which includes the address and any included fixtures or personal property. The agreement also addresses contingencies, such as inspections and financing approval, ensuring both parties have a clear understanding of their obligations. Furthermore, it includes provisions for earnest money deposits, which demonstrate the buyer's commitment to the transaction. Understanding this form is essential for anyone looking to navigate the real estate market in Hawaii effectively.

Sample - Hawaii Real Estate Purchase Agreement Form

Hawaii Real Estate Purchase Agreement

This Real Estate Purchase Agreement ("Agreement") is entered into by and between _____ ("Buyer") and _____ ("Seller"), together referred to as the "Parties," to set forth the terms and conditions under which the Buyer agrees to purchase and the Seller agrees to sell the real property described herein. This Agreement is subject to the real estate laws of the State of Hawaii and any applicable federal laws.

1. Property Description

The property subject to this Agreement is located at _____ (the "Property"), consisting of approximately _____ acres, more or less, and is legally described as _____.

2. Purchase Price

The total purchase price for the Property is _____ USD ("Purchase Price"). The Parties agree to the following payment terms:

  1. Initial Deposit: _____ USD, to be paid upon execution of this Agreement.
  2. Additional Deposit: _____ USD, to be paid on _____ (Date).
  3. Balance of Purchase Price: _____ USD, to be paid at closing.

3. Closing

The closing of the purchase and sale of the Property ("Closing") shall take place on _____ (Date), or sooner by mutual agreement of the Parties, at a location to be determined. At Closing, Seller shall transfer to Buyer good and marketable title to the Property, free and clear of all encumbrances, except as otherwise specified in this Agreement.

4. Inspections and Disclosures

Buyer shall have the right, at Buyer's expense, to inspect the Property within _____ days after the effective date of this Agreement. Seller agrees to provide to Buyer all relevant disclosures regarding the Property's condition, including any known material defects, as required by Hawaii state law.

5. Contingencies

This Agreement is contingent upon the following:

  1. Buyer obtaining a mortgage commitment for financing within _____ days after the effective date of this Agreement.
  2. The Property passing all inspections to the Buyer's satisfaction.
  3. Approval of this Agreement by Buyer's attorney within _____ days after the effective date of this Agreement.

6. Governing Law

This agreement shall be governed by and construed in accordance with the laws of the State of Hawaii, without giving effect to any choice or conflict of law provision or rule.

7. Signatures

This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same document. Signatures transmitted by facsimile or electronic means shall be deemed original signatures.

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the _____(Date).

Buyer's Signature: _____________________

Seller's Signature: _____________________

Document Overview

Fact Name Description
Governing Law The Hawaii Real Estate Purchase Agreement is governed by the laws of the State of Hawaii.
Purpose This agreement outlines the terms and conditions for the sale of real property in Hawaii.
Parties Involved The agreement involves a buyer and a seller, each with specific rights and responsibilities.
Property Description A detailed description of the property being sold must be included in the agreement.
Purchase Price The total purchase price for the property is clearly stated in the agreement.
Contingencies Common contingencies may include financing, inspections, and appraisals.
Closing Date The agreement specifies a closing date when the transaction will be finalized.
Earnest Money The buyer typically provides earnest money to demonstrate their commitment to the purchase.
Dispute Resolution The agreement may include provisions for resolving disputes between the parties.
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