The Alabama residential real estate purchase agreement (“general residential sales contract”) is a contract that outlines the terms of a residential property deal between a buyer and a seller. Terms include the purchase price, address of the property, closing date and more.
Required Seller Disclosures in Alabama
Residential real estate purchase agreements normally contain promises and provisions guaranteeing a property’s condition. In some states, sellers are required to provide additional documentation guaranteeing the property’s condition. While other states require the seller to disclose a specific type of issue on the property—such as a material defect. In Alabama, the buyer is responsible for determining if there are any issues with the property:
Buyer beware/Caveat emptor. Alabama law does not require the seller to make any property guarantees unless they know of an issue that could affect the buyer’s health or safety. (AL Code § 6-9-142)