Standard Purchase and Sales Agreement

Posted on March 18, 2014 by global

Use to purchase a house on terms.

Standard Purchase and Sales Agreement Version 1.6

Standard Purchase and Sales Agreement (Spanish) Version 1.5

Use to purchase a house with all cash.

Standard Purchase and Sales Agreement – All Cash

Revised 1/2025

This entry was posted in Pretty House Terms Cash Flow System, Quick Start Real Estate School, Wholesale/Retail Cash Flow System, Wholesaling Houses. Bookmark the permalink.

112 Responses to Standard Purchase and Sales Agreement

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  1. Robin Thompson says:
    February 7, 2016 at 1:46 pm

    Save original as PDF. Then save as JPG. It will automatically format into two 8.5 x 11 sheets. It does on my mac.

    Reply
    • Matthew Holsclaw says:
      November 15, 2020 at 9:22 am

      I had similar issues when trying to print the documents provided from the GC site. On windows 10 I just print as “PDF” and save the file. Prints on 8.5×11 perfectly.

      Reply
  2. Amol Khedkar says:
    February 27, 2016 at 2:45 pm

    Hello. I’m considering buying a SF house with the intent of flipping it or using lease option. Is there an escape clause in this agreement that will allow me to cancel the agreement with no loss of deposit? Please advise. Thanks.

    Reply
  3. Sabreen Williams says:
    March 1, 2016 at 11:01 pm

    I am amazed at all of he information that’s provided. The forms are informative and easy to use.

    Reply
  4. Robyn Love says:
    March 25, 2016 at 4:49 pm

    to who it may concern: all the state Realtor forms have long ago gone to letter size. Legal size is pretty much a thing of the past so it’s time for this site to get with the times. Yes, we can change it ourself to letter but then the print is so small that it looks as if we’re trying to hide something. You need to immediately reformat all the forms to letter size with type big enough that anyone can read, even the seniors. Then we should be able to fill in and send to our sellers, buyers,escrow co’s, attorneys, etc with the push of a button so then they can print out on their own computer printer, and remember that none of them have legal size paper either. Can do? Please do it now!

    Reply
  5. Marcus Vaughn says:
    March 20, 2017 at 8:02 pm

    I don’t see the assignment clause on this form. Shouldn’t there be a clause for that???

    Reply
    • Desmond Cary says:
      April 2, 2018 at 10:33 am

      I was looking at it and was thinking the same thing. I believe it should say buyer/assignee on it if I’m not mistaken. Can someone provide some clarity on this issue?

      Reply
  6. Christopher Torres says:
    April 5, 2017 at 6:50 pm

    I’m new here, can someone tell me if this is the contract for wholesaling?

    Reply
  7. Gerald Faunce says:
    May 25, 2017 at 8:14 am

    Thanks for the tips on lesson 146!

    Reply
  8. Tralvis Bellamy says:
    June 26, 2017 at 11:59 am

    lesson 19

    Reply
  9. Josh Heckle says:
    July 10, 2017 at 7:06 pm

    Can anyone tell me where the money_____mortgage applies in paragraph 2B? And what the options would be?

    Reply
  10. Melvin Stevens says:
    January 7, 2018 at 9:24 pm

    Could one of the forum moderators post a link to the lesson the explains how to fill out the Purchase and Sales agreement. Thanks.

    Reply
  11. David Hillhouse says:
    January 31, 2018 at 2:07 pm

    I’m wondering the same thing Melvin. There used to be a copy already filled out that we could go by as example, but I can’t find it.

    Reply
  12. Earline Maynard-Reid says:
    May 30, 2018 at 11:02 pm

    THANK YOU RON – PROVIDING SO MUCH INFORMATION IS PRICELESS

    Reply
  13. Earline Maynard-Reid says:
    May 30, 2018 at 11:02 pm

    THANK YOU RON – ALL THESE DOCUMENT ARE PRICELESS

    Reply
  14. Monica Martin says:
    June 5, 2018 at 12:17 pm

    I learn so much by reading comments that various persons leave. Everyone is so helpful one to another, and as I learn and understand I will do the same.

    Reply
  15. David Hillhouse says:
    December 18, 2018 at 7:15 pm

    This agreement worked perfectly for my first owner financing deal with NO underlying mortgage! The property was free and clear. Seller wanted $589,000. Comps showed $680,000!

    Reply
  16. Ryan Garrison says:
    November 1, 2019 at 9:54 am

    Has anyone created a fillable pdf of this form they would share?

    Reply
  17. Ryan Garrison says:
    November 1, 2019 at 9:54 am

    Has anyone created a fillable pdf version of this file that they could share?

    Reply
  18. Randy Connolly says:
    November 18, 2019 at 5:52 am

    Just printed

    Reply
  19. Randy Connolly says:
    November 18, 2019 at 5:55 am

    I couldn’t print out with google chrome but worked fine when I used the explorer browser.

    Reply
  20. Mike Diaz says:
    December 16, 2019 at 11:27 pm

    Any way to type on this doc and not have the underlying lines be pushed out? For example, when you type on the contract, the typing stays above the underline and not push it out?

    Reply
  21. Adam Roberts says:
    March 11, 2020 at 12:02 pm

    Is this the agreement I use if I’m seller financing a house that I own to a buyer?

    Or only the other way around (if I am buying from an owner who’s doing seller financing to me)

    Reply
  22. Arnoux Goran says:
    May 12, 2020 at 7:15 pm

    Can we change the contract to say we have not yet inspected it and it is contingent upon inspection so that we can cancel anytime without losing our $100 deposit?

    Reply
  23. Arnoux Goran says:
    May 12, 2020 at 7:15 pm

    It doesn’t need to say anything about it being assignable since we can simply assign it anyway right?

    Reply
  24. Elizabeth Adu says:
    July 25, 2020 at 9:25 pm

    I just got on board not long ago and can’t wait to get my first one signed.

    Reply
  25. Patrick Mulloney says:
    March 9, 2021 at 2:14 pm

    Is there a video with this? If so where is it and what is the title?

    Reply
  26. Harroll Chisom says:
    May 17, 2021 at 7:38 pm

    Is there a video explaining how to complete the Standard Purchase and Sale Agreement?

    Reply
  27. Kimberly Brock says:
    July 26, 2021 at 7:22 am

    Is this contract legal for wholesale purchases in Indiana. Has anyone used it successfully there?

    Reply
  28. Ronald Sealy says:
    August 9, 2021 at 8:50 pm

    Thank you Ron For sharing your knowledge with us, that has made the decision to get up, and making a life with some financial freedom thru real estate.

    Reply
  29. Johnny Bailey Bailey says:
    August 23, 2021 at 1:45 am

    just a reminder team you make want to change your printer settings when printing this document.

    Reply
  30. William Welch says:
    November 26, 2021 at 12:48 pm

    Hello And Thank You for the nice Thanksgiving wishes Ron and GPI staff! Happy Holidays to you all!
    I was wondering if there are any more recent updated P&S Agreement forms or if this 2015 revision is the one I should use.
    Thank You!
    ~ William Welch

    Reply
  31. Robert Straker says:
    June 5, 2023 at 10:55 pm

    Hello,

    Did anyone notice that this purchase agreement document is quite old? Sure it still works, but it could use some updating to keep up with changing RE laws and times so we don’t get into any legal troubles.

    Bye for now,
    Robert

    Reply
    • Desiree Garcia says:
      January 17, 2024 at 3:28 pm

      Hi Robert,

      Feel free to post some updates and suggestions here….as I would like to stay with the new RE laws etc. Thanks!!

      Reply
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