There are numerous elements of a real estate purchase contract, the most important of which is the purchase price. Additionally a real estate contract should include:
• Legal names and current addresses of the buyer and seller
• Amount and date of pay of the initial deposit
• Date of transfer of title and balance due
• Details of financing
• Legal description of the land or property including the physical street address
• Building inspection report
• Seller warranty clauses
• Conditions of sale