What's In a Real Estate Purchase Contract
It doesn’t matter whether you’re buying a luxury home in Aspen, a ranch in Basalt, or a condo in Snowmass. You’ll have a real estate purchase contract to seal the deal.
So what is it, and how does it shape your real estate transaction?

What is a Real Estate Purchase Contract?

Your Aspen Realtor® will walk you through each part of your real estate purchase contract, but it’s helpful to know what you’ll see in it before you get to that stage of the transaction.
Your real estate purchase contract will include:

  • The names of the parties
  • The location of the property
  • The purchase price you all agreed upon
  • A list of contingencies
  • The property’s condition
  • What’s included with the sale (and what’s not)
  • How much you put down as an earnest money deposit
  • A figure representing closing costs (and who is responsible for paying for them)
  • The projected closing date
  • All parties’ signatures

If you have questions about the contract, ask your Realtor before you sign. You can also consult with a real estate attorney if you want additional back-up.

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