Connecticut Real Estate Purchase Agreement

The Connecticut residential real estate purchase agreement (“Contract for Sale and Purchase of Real Estate”) is a contract which commits a buyer to an offer to purchase real estate, according to specific terms agreed by the buyer and seller. Negotiated specifics include the purchase price, financing method, closing date, and more.

Do Sellers in Connecticut Have To Disclose Property Defects?

Connecticut does require real estate sellers to disclose any material defects. In most cases, this is done with a standardized property disclosure form provided by the state.
By mutual agreement, it is possible to waive the use of the standard form and handle required disclosures another way. However, the seller always has a duty to disclose all material defects that are not obvious on a casual inspection of the property even if the buyer agrees to take the property “as-is.” The basic duty to disclose cannot be waived under any circumstances.

Required Seller Disclosures in Connecticut

• Residential Property Disclosure Statement: Sellers in Connecticut must disclose any known issues that could negatively impact a home’s value or pose an unreasonable risk to the buyer’s safety or health.
• Lead-Based Paint Disclosure: Any home constructed earlier than 1978 must come with a disclosure upon the transfer of the property which includes any information about the presence of lead on the premises, as well as educational materials that communicate the health risks associated with lead exposure.
  

Frequently Asked Questions

How Do You Write a Real Estate Contract in Connecticut? To write a real estate contract in Connecticut, you will need to identify and document the terms and conditions of the sale. The contract should also include the names of each party and the legal property address. You can download a customizable template or write your own. Read more » How Can You Get Out of a Real Estate Contract in Connecticut? You can get out of a real estate contract in Connecticut during several stages of the buying process. First, the offer must be accepted to make it binding. If the seller rejects the offer, the buyer can make a counter-offer or leave the deal. Read more » What Is the Effective Date of a Real Estate Contract in Connecticut? In Connecticut, the effective date of a real estate contract is the date the buyer and seller agree to the terms of the contract and have it executed. All contract obligations are binding and enforceable on the effective date. Read more » Can a Seller Cancel a Real Estate Contract in Connecticut? In Connecticut, a seller can get out of a real estate contract if the buyer’s contingencies are not met—these include financial, appraisal, inspection, insurance, or home sale contingencies agreed to in the contract. Sellers might have additional exit opportunities with unique situations also such as an estate sale. Read more » How Do I Fill Out a Real Estate Contract in Connecticut? To fill out a real estate contract in Connecticut, first, download our customizable Connecticut real estate contract template. Filling out the template is fairly straightforward, complete the information for each party, including the names, party type, and address along with the terms and conditions of the deal.Property. Address of the propertyPurchase price. The amount the buyer will pay to own the propertyPayment. How and when the transaction between the buyer and seller will take place Read more »