Purchase Agreement Review Checklist
Don't buy a home with regrets! Download our free Purchase Agreement Review Checklist & protect your investment. Avoid costly mistakes & understand every clause - your expert guide to a smooth real estate transaction.
This Template was installed 3 times.
Parties and Property Identification
Verify the correct parties are named and the property is accurately described.
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
Purchase Price and Financing
Review the agreed-upon price, financing terms, and any contingencies related to financing.
Agreed Purchase Price
Financing Type (Buyer)
Down Payment Amount (if applicable)
Loan Amount (if applicable)
Loan Application Deadline
Interest Rate (Expected/Locked)
Special Financing Conditions (e.g., sale of buyer’s current property)
Appraisal Contingency?
Earnest Money & Deposits
Examine the earnest money amount, deposit schedule, and conditions for forfeiture.
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
Specifics regarding release of Earnest Money to Seller at Closing (e.g., conditions)
Contingencies
Thoroughly analyze all contingencies (e.g., inspection, appraisal, financing) and their associated deadlines and remedies.
Inspection Contingency Included?
Inspection Contingency Details (Scope, Deadline, etc.)
Inspection Deadline
Appraisal Contingency Included?
Agreed Upon Appraisal Amount (Contingency Trigger)
Financing Contingency Included?
Financing Approval Deadline
Specific Financing Conditions (if any)
Closing Date & Possession
Confirm the agreed-upon closing date and details regarding possession of the property.
Proposed Closing Date
Actual Closing Date (if different)
Possession at Closing?
Specific Possession Details (if Negotiable)
Amount of Security Deposit (if applicable)
Notes Regarding Security Deposit Release
Leases or Rental Agreements
Details regarding leases (if applicable)
Disclosures & Representations
Assess all disclosures related to the property’s condition, history, and legal status.
Seller's Disclosure Statement Review
Lead-Based Paint Disclosure (if applicable)
Environmental Hazards Disclosure (e.g., asbestos, radon)
Property Condition Disclosure - Material Defects?
Details regarding Material Defects (if applicable)
Flood Zone Disclosure
Supporting Documents (e.g., inspection reports, previous disclosures)
Default & Remedies
Understand the consequences and remedies for both buyer and seller if either party defaults on the agreement.
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?
Cure Period Expiration Date (if applicable)
Does Agreement Specify Specific Legal Action?
Notes on Remedies Clauses
Personal Property & Inclusions
Verify which personal property items are included in the sale and clearly defined.
List of Appliances Included (e.g., Refrigerator, Dishwasher, Oven, Microwave)
Other Personal Property Included (e.g., Window Coverings, Light Fixtures, Mirrors)
If 'Other' selected above, please specify:
Quantity of Fireplace Screens Included
Condition of Included Items
Any specific agreements about condition or removal of included items?
Legal Review & Signatures
Ensure all signatures are correct, witnesses and notarization (if required) are in place, and legal counsel has reviewed (if applicable).
Attorney Name (Reviewing Counsel)
Summary of Legal Review Comments/Recommendations
Review Status
Date of Legal Review
Attorney Signature
Notarization Required?
Upload Notarization Documents (if applicable)
Miscellaneous Clauses
Review any unique or unusual clauses that require special attention or clarification.
Special Stipulations/Addenda
Home Warranty Inclusion?
Leaseback Period (if applicable)
Leaseback Termination Date (if applicable)
Brokerage/Agency Disclosures (Review for Completeness)
As-Is Sale?
Clarification Needed on Unusual Clause (if any)
Frequently Asked Questions
Can I customize this template after installing it?
Absolutely. Once installed, you can add, remove, or reorder tasks, add custom fields, and adjust deadlines to fit your specific workflow.
Can I add images or photos to these checklist items?
Yes. Our platform allows you to attach photos, signatures, and notes to any checklist item for better verification and proof of completion.
Can I create a custom checklist from scratch instead of using a template?
Yes. You can use our "Create your own checklist" feature to build a unique workflow tailored exactly to your operational requirements.
Can I add dependencies between tasks?
Yes, you can set up conditional logic and dependencies to ensure your team follows the correct sequence of operations.
Can I assign specific checklist items to different team members?
Yes. You can assign individual tasks to specific employees, ensuring clear accountability across your entire team.
Can I use these checklists on mobile devices in the field?
Yes. Our platform is fully responsive, allowing your team to complete, update, and upload photos to checklists directly from any smartphone or tablet.
How do I notify my manager when a checklist is completed?
You can set up automated notifications (via email, push notification, or in-app alerts) to trigger whenever a checklist is finished or if an item fails inspection.
Can multiple people work on the same checklist simultaneously?
Yes, the platform supports real-time updates, allowing multiple users to contribute to a single live checklist.
Where is the data from completed checklists stored?
All completed checklists are stored securely in your Work OS dashboard, creating a permanent, searchable audit trail of your operations.
Can I generate reports based on my checklist results?
Yes. You can track completion rates, identify recurring issues, and monitor team performance through our integrated reporting and analytics tools.
How can I use these checklists for compliance or auditing purposes?
Because our checklists capture timestamps, photos, and digital signatures, they serve as a robust digital paper trail for regulatory compliance and internal audits.
Can I export my completed checklist data for use in other tools?
Yes. You can export your data in various formats (CSV, Excel, etc.) to integrate your operational insights with your other business software.
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