When drafting a real estate contract, certain conditions are crucial to ensure both parties are protected and informed. A real estate contract outlines the terms and conditions of a property sale between a buyer and a seller. Here are seven essential conditions to include:

1. Financing Terms: Specify the loan details and proof of the buyer’s ability to finance the property.

2. Seller Assist: Agreement on any contributions by the seller to cover part of the closing costs.

3. Who Pays the Closing Costs: Clearly define whether the buyer or seller is responsible for these expenses.

4. Home Inspection: Condition the sale on the outcomes of a professional home inspection.

5. Fixtures and Appliances: List which fixtures and appliances will remain in the home after the sale.

6. Closing Date: Set a specific date when the sale will be finalized and ownership will transfer.

7. Sale of Existing Home: Include a clause that makes the contract contingent on the sale of the buyer’s current home, if applicable.

Incorporating these conditions can help streamline the buying and selling process, making it transparent and legally binding for both parties involved.