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The elements of a good real estate purchase agreement are no too much different from one deal to another.

• Adherence to current state laws
• Competent parties and signatures
• Adequate legal description of the property
• A clear statement of when sellers will vacate and what items are included or excluded from the sale
• Contingencies for inspections and well-defined deadlines
• Contingencies for title research and discovery of liens
• A schedule of document deliveries and the obligation of both parties