Are you thinking about buying a home without the help of a real estate agent? While it`s possible to DIY your home purchase, there are some important details you need to consider. One of those details is creating a purchase agreement.

A home purchase agreement is a legal document that outlines the terms and conditions of the sale. It`s important to have a purchase agreement in place to protect both the buyer and seller. If you`re buying a home without an agent, you`ll need to create a purchase agreement on your own.

Here`s how to create a DIY home purchase agreement:

1. Use a template: There are many templates available online that you can use as a starting point. Look for a template that is specific to your state, as real estate laws vary by state.

2. Include the basics: Your purchase agreement should include the sale price, the closing date, any contingencies, and the names of the buyer and seller.

3. Spell out contingencies: Contingencies are conditions that must be met before the sale can be finalized. Common contingencies include home inspections, financing, and the sale of the buyer`s current home. Make sure to spell out any contingencies in the purchase agreement.

4. Include a dispute resolution clause: While no one likes to think about disputes, it`s important to include a clause in your purchase agreement that outlines how disputes will be resolved. This could include mediation or arbitration.

5. Have an attorney review the agreement: While you can create a DIY purchase agreement, it`s a good idea to have an attorney review it before you sign it. An attorney can make sure the agreement complies with local laws and is fair to both parties.

Creating a DIY home purchase agreement is possible, but it`s important to do it right. By using a template, including all the necessary details, and having an attorney review the agreement, you can protect yourself and ensure a smooth home buying process.