PURCHASE AGREEMENT REVIEW CHECKLIST

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--- PARTIES AND PROPERTY IDENTIFICATION ---
[ ] Buyer's Full Legal Name
[ ] Seller's Full Legal Name(s)
[ ] Property Address (Full & Accurate)
[ ] Legal Description (Lot & Block)
[ ] Parcel Number (APN)
[ ] Type of Property (e.g., Single Family, Condo, Vacant Land)
[ ] Ownership Type (Individual, Partnership, LLC, Trust, Corporate)

--- PURCHASE PRICE AND FINANCING ---
[ ] Agreed Purchase Price
[ ] Financing Type (Buyer) (Conventional, FHA, VA, Cash, Other)
[ ] Down Payment Amount (if applicable)
[ ] Loan Amount (if applicable)
[ ] Loan Application Deadline
[ ] Interest Rate (Expected/Locked)
[ ] Special Financing Conditions (e.g., sale of buyerâ€™s current property)
[ ] Appraisal Contingency? (Yes, No)

--- EARNEST MONEY & DEPOSITS ---
[ ] Earnest Money Amount
[ ] Initial Deposit Due Date
[ ] Percentage of Purchase Price (if applicable)
[ ] Additional Deposit Due Date(s) (if applicable)
[ ] Description of how Earnest Money will be held (Escrow, Attorney Trust Account, etc.)
[ ] Condition for Forfeiture of Earnest Money (Buyer Default, Seller Default, Failed Contingency, Other (Specify in Long Text))
[ ] Specifics regarding release of Earnest Money to Seller at Closing (e.g., conditions)

--- CONTINGENCIES ---
[ ] Inspection Contingency Included? (Yes, No)
[ ] Inspection Contingency Details (Scope, Deadline, etc.)
[ ] Inspection Deadline
[ ] Appraisal Contingency Included? (Yes, No)
[ ] Agreed Upon Appraisal Amount (Contingency Trigger)
[ ] Financing Contingency Included? (Yes, No)
[ ] Financing Approval Deadline
[ ] Specific Financing Conditions (if any)

--- CLOSING DATE & POSSESSION ---
[ ] Proposed Closing Date
[ ] Actual Closing Date (if different)
[ ] Possession at Closing? (Yes, No, Negotiable)
[ ] Specific Possession Details (if Negotiable)
[ ] Amount of Security Deposit (if applicable)
[ ] Notes Regarding Security Deposit Release
[ ] Leases or Rental Agreements (Included in Sale, Excluded from Sale, Negotiable)
[ ] Details regarding leases (if applicable)

--- DISCLOSURES & REPRESENTATIONS ---
[ ] Seller's Disclosure Statement Review
[ ] Lead-Based Paint Disclosure (if applicable)
[ ] Environmental Hazards Disclosure (e.g., asbestos, radon)
[ ] Property Condition Disclosure - Material Defects? (Yes - Detail Below, No, Unknown - Further Investigation Needed)
[ ] Details regarding Material Defects (if applicable)
[ ] Flood Zone Disclosure (In Flood Zone, Not in Flood Zone, Uncertain - Requires Verification)
[ ] Supporting Documents (e.g., inspection reports, previous disclosures)

--- DEFAULT & REMEDIES ---
[ ] Buyer Default Clause Description
[ ] Seller Default Clause Description
[ ] Buyer's Forfeited Earnest Money Limit (if applicable)
[ ] Seller's Damages Limit (if applicable)
[ ] Specific Cure Period Provided? (Yes, No)
[ ] Cure Period Expiration Date (if applicable)
[ ] Does Agreement Specify Specific Legal Action? (Yes, No)
[ ] Notes on Remedies Clauses

--- PERSONAL PROPERTY & INCLUSIONS ---
[ ] List of Appliances Included (e.g., Refrigerator, Dishwasher, Oven, Microwave) (Refrigerator, Dishwasher, Oven/Range, Microwave, Washer, Dryer, Garbage Disposal, None)
[ ] Other Personal Property Included (e.g., Window Coverings, Light Fixtures, Mirrors) (Window Coverings (Blinds, Curtains), Light Fixtures, Mirrors, Ceiling Fans, Storm Shutters, Other (Specify in Long Text Field), None)
[ ] If 'Other' selected above, please specify:
[ ] Quantity of Fireplace Screens Included
[ ] Condition of Included Items (New, Like New, Good, Fair, As Is)
[ ] Any specific agreements about condition or removal of included items?

--- LEGAL REVIEW & SIGNATURES ---
[ ] Attorney Name (Reviewing Counsel)
[ ] Summary of Legal Review Comments/Recommendations
[ ] Review Status (Not Reviewed, Reviewed, Needs Revision)
[ ] Date of Legal Review
[ ] Attorney Signature
[ ] Notarization Required? (Yes, No)
[ ] Upload Notarization Documents (if applicable)

--- MISCELLANEOUS CLAUSES ---
[ ] Special Stipulations/Addenda
[ ] Home Warranty Inclusion? (Yes, No, To be Negotiated)
[ ] Leaseback Period (if applicable)
[ ] Leaseback Termination Date (if applicable)
[ ] Brokerage/Agency Disclosures (Review for Completeness)
[ ] As-Is Sale? (Yes, No)
[ ] Clarification Needed on Unusual Clause (if any)

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