•The legal description of the property being
transferred. This legal description must be sufficient to
identify and locate the property.
•The exact purchase price or an exact method of
determining the purchase price (i.e. $15,000 per acre).
•The method of payment by the purchaser. The buyer
may make the sale contingent upon financing.
•The amount the seller agrees to contribute toward
buyer’s closing costs, if any.
•The amount of earnest money paid by the buyer and
the party holding the earnest money deposit.
•The date of closing and the date the purchaser will
take possession of the property.
•The seller’s disclosure statement - though not
required in every state, it is usual and customary that
one is given.
•The time-frame for both the inspections and the
resolution of issues arising from the inspections.
•Special stipulations specified by the parties.