Sample Real Property Sales Agreement

This sample Residential Realty Purchase and Sale Agreement is provided to help prospective buyers understand the type of contract used when purchasing real estate through Grindstaff’s Auction Marketing Group LLC. This sample outlines the responsibilities of both Buyer and Seller following a public auction, including the high bid price, buyer’s premium, deposit requirements, settlement timelines, required disclosures, and the as-is, where-is condition of the property.

Please note that this sample is for reference only. The agreement used in a specific real estate auction may include property-specific disclosures, additional terms, or required addenda that supersede the sample shown here. The binding agreement provided after the close of bidding will always govern the transaction.

We strongly encourage all bidders to:

• Review this sample agreement before bidding so you understand the obligations of the successful buyer.
• Read the Real Estate Terms & Conditions for the auction you plan to participate in.
• Complete all due diligence before bidding, including inspections, title review, zoning research, and financing arrangements.
• Ask questions early in the process if you need clarification about the contract terms.

For buyer convenience, all real estate purchase agreements are executed securely through DocuSign. Upon the close of bidding, the winning bidder will receive the contract electronically and must complete the DocuSign process promptly so that the earnest money deposit and closing timeline proceed without interruption.

Winning bidders will be required to sign the auction-specific purchase agreement immediately after the auction concludes and to provide the required earnest money deposit at that time.

Download the Sample Agreement

Use the button below to view or download the sample Residential Realty Purchase and Sale Agreement (PDF):

View Sample Real Property Sales Agreement (PDF)

Additional Resources for Buyers

• Real Estate Terms & Conditions
• Agent Representation Form
• Buyer Resources

If you have questions about how this sample agreement applies to an upcoming auction or a specific property, please contact us before placing a bid. We want buyers to feel informed, prepared, and confident throughout the auction and purchase process.