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Free Maryland Residential Purchase Agreement Template

A Maryland residential purchase agreement captures the price and conditions of a home sale. Our guided form helps you build a customizable template that accounts for Maryland's disclosure choice.

  • Download as PDF and Word
  • E-sign included

How It Works

1

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2

Fill In Your Details

Answer a few simple questions to customize your form.

3

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What Is a Maryland Residential Purchase Agreement?

A Maryland residential purchase agreement is the contract of sale that fixes a home’s price, terms, and closing date. In Maryland, the seller’s disclosure or disclaimer statement should be in the buyer’s hands before the buyer signs it.

Maryland Rules for Home Sellers

Maryland Real Property § 10-702 sets the seller’s paperwork duties for single-family homes. Build them into your Maryland residential purchase agreement.

Deliver a Statement Before Signing

The seller of single-family residential property must complete and deliver a statement on a form from the State Real Estate Commission. It also covers land installment contracts and options to purchase, with delivery due before the buyer signs.

The seller doesn’t have to undertake an independent investigation or inspection of the property to make the required disclosures.

The Buyer Signs for It

On receiving the statement, each buyer dates and signs a written acknowledgment of receipt. The acknowledgment then goes in, or gets attached to, the contract of sale.

Agents Must Explain the Rules

A real estate licensee working with the buyer has a duty to tell the buyer about their rights and obligations under the section.

Disclosure or Disclaimer: Which Does a Maryland Seller Give?

Either one. The seller may deliver a written residential property condition disclosure statement, or a written residential property disclaimer statement. Both forms come from the State Real Estate Commission.

The disclaimer route means selling the home “as is.” Even so, the Commission’s form notes that the law still requires the seller to disclose latent defects they actually know about.

When the Buyer Can Walk Away

A buyer who gets the statement on or before signing has no right to rescind based on what it says. But a buyer who doesn’t receive it by signing has an unconditional right to rescind with written notice to the seller or seller’s agent. That right lasts until receipt, or 5 days after it, and the buyer gets deposits back immediately.

Collect the buyer’s signed acknowledgment of receipt before anyone signs the contract. It shows the statement arrived on time and closes off the late-delivery right.

How to Sign a Maryland Home Sale Contract

Maryland deals tend to follow this path.

  1. Choose a statement. The seller picks the Commission’s disclosure or disclaimer form.
  2. Get it to the buyer early. The buyer receives the statement before signing the contract.
  3. Acknowledge the statement. Each buyer dates and signs the acknowledgment.
  4. Sign the contract of sale. The parties sign the Maryland residential purchase agreement with the acknowledgment attached.
  5. Proceed to settlement. Move forward with financing, inspections, and closing.

What to Include in a Maryland Contract of Sale

Cover these terms:

  • Legal names of each purchaser and vendor
  • The home’s address and complete legal description
  • Sale price, deposit, and mortgage terms
  • Whether the seller gave a disclosure or a disclaimer statement
  • The signed acknowledgment of receipt
  • Inspection period and settlement date