Alaska Residential Purchase and Sale Agreement

This Residential Purchase and Sale Agreement (this "Agreement") is entered into as of [[Effective Date]] by and between [[Seller Full Legal Name(s)]] ("Seller") and [[Buyer Full Legal Name(s)]] ("Buyer"). Seller agrees to sell and Buyer agrees to purchase the Property described below subject to the terms and conditions set forth in this Agreement.

Alaska law governing real property transfers is found primarily in Alaska Statutes Title 34. There is no mandatory statewide form for residential purchase agreements. This Agreement addresses the essential terms required for an enforceable contract, including the parties, property description, purchase price and earnest money, contingencies, title, closing, and remedies. Alaska generally follows a modified caveat emptor doctrine supplemented by the seller's disclosure obligations under AS 34.70.

All variable inputs are represented as `[[Token Name]]` placeholders. Fixed legal provisions are stated in full., -

ARTICLE I, PARTIES AND PROPERTY

1. Seller

Seller: [[Seller Full Legal Name(s)]]

Seller's current address for notices: [[Seller Current Mailing Address]]

If Seller is married, both spouses should execute this Agreement unless the Property is Seller's separate property.

2. Buyer

Buyer: [[Buyer Full Legal Name(s)]]

Buyer's address for notices under this Agreement: [[Buyer Address for Notices]]

Buyer shall take title in the following manner: [[Vesting Instructions, e.g., "as joint tenants with right of survivorship", "as tenants in common", "as community property", "in the name of Buyer's LLC or trust"]].

3. Property Description

Seller agrees to sell and convey to Buyer, and Buyer agrees to purchase from Seller, the real property located at:

[[Property Street Address]]
[[City]], Alaska [[ZIP Code]]

County/Borough: [[Borough or County]]

Legal Description (attach exhibit if lengthy):

[[Full Legal Description, from current deed, title commitment, or plat, include lot, block, subdivision, recording information]]

Parcel / Tax ID Number: [[Parcel ID or Tax Account Number]]

The Property includes the land, all buildings, improvements, fixtures, and appurtenances presently thereon or therein, including but not limited to built-in appliances, heating and cooling systems, plumbing and electrical fixtures, window coverings, light fixtures, ceiling fans, garage door openers, and landscaping, except only those items of personal property expressly excluded in Section 5.

4. Personal Property Included in Sale

The following items of personal property are included in the Purchase Price and shall remain with the Property and convey to Buyer at Closing: [[List of Included Personal Property, e.g., "refrigerator, range/oven, dishwasher, washer and dryer, window air conditioning unit(s), ceiling fans, garage door remote(s)"]].

All included personal property shall be in the same condition at Closing as on the Effective Date, ordinary wear and tear excepted.

5. Personal Property Excluded

The following items are excluded from the sale and shall be removed by Seller prior to Closing: [[List of Excluded Personal Property, e.g., "master bedroom chandelier, portable shed in backyard, specific window treatments in living room"]]. Seller shall repair any damage caused by removal of excluded items., -

ARTICLE II, PURCHASE PRICE AND EARNEST MONEY

6. Purchase Price

The total purchase price is [[Purchase Price in Words]] Dollars ($[[Purchase Price in Numerals]]) (the "Purchase Price"), payable as follows:

7. Earnest Money Deposit

Within [[Earnest Money Deposit Deadline]] business days after the Effective Date, Buyer shall deposit the Earnest Money in the amount of $[[Earnest Money Deposit Amount]] with [[Escrow Agent / Title Company Name]] ("Escrow Agent") at [[Escrow Agent Address]]. The Earnest Money shall be held in a non-interest-bearing escrow account (unless otherwise agreed in writing) pending Closing or earlier termination of this Agreement.

Buyer and Seller instruct Escrow Agent to disburse the Earnest Money only in accordance with the terms of this Agreement or upon mutual written instruction signed by both parties, or pursuant to a final court order.

8. Financing Contingency

This Agreement is contingent upon Buyer obtaining a written commitment for a new first mortgage loan (or assumption if applicable) on terms acceptable to Buyer in Buyer's sole discretion within [[Financing Contingency Period, e.g., 30 days]] after the Effective Date (the "Financing Contingency Deadline").

Buyer shall make diligent, good-faith efforts to obtain financing. If Buyer is unable to obtain financing on terms acceptable to Buyer by the Financing Contingency Deadline, Buyer may terminate this Agreement by written notice to Seller and Escrow Agent on or before the Deadline, in which event the Earnest Money shall be returned to Buyer and neither party shall have further liability.

If Buyer does not timely terminate, this financing contingency is waived and Buyer is obligated to proceed.

9. Appraisal Contingency

This Agreement is contingent upon the Property appraising at or above the Purchase Price. If the appraisal is lower than the Purchase Price, Buyer may (a) terminate this Agreement by written notice within [[Appraisal Contingency Response Period, e.g., 3 business days]] after receipt of the appraisal, (b) renegotiate the Purchase Price with Seller, or (c) waive the contingency in writing and proceed. If Buyer does not timely terminate or waive, this contingency is deemed satisfied., -

ARTICLE III, INSPECTION, DUE DILIGENCE, AND DISCLOSURES

10. Inspection Contingency and Due Diligence Period

Buyer shall have a due diligence period of [[Inspection / Due Diligence Period, e.g., 10 days]] after the Effective Date (the "Inspection Period") to conduct inspections of the Property at Buyer's sole expense.

During the Inspection Period, Buyer may have the Property inspected by licensed inspectors, contractors, engineers, or other professionals of Buyer's choice for structural, mechanical, electrical, plumbing, roofing, environmental, pest, septic/well, and any other conditions.

Buyer shall provide Seller with at least [[Notice Period for Inspections, e.g., 24 hours]] advance notice of inspections and shall restore the Property to its pre-inspection condition after inspections.

If Buyer is not satisfied with the results of inspections, Buyer may terminate this Agreement by delivering written notice to Seller on or before the end of the Inspection Period. Upon timely termination, the Earnest Money shall be returned to Buyer.

If Buyer does not terminate within the Inspection Period, this inspection contingency is waived.

11. Seller Disclosure

Seller has delivered (or will deliver prior to or with this Agreement) the Alaska Property Disclosure Statement required by AS 34.70. Buyer acknowledges receipt of the disclosure or the right to receive it. Buyer's receipt of the disclosure after making an offer triggers the rescission rights set forth in AS 34.70.020 (3 days in-person or 6 days by mail).

12. Lead-Based Paint Disclosure (Pre-1978 Housing)

If the Property was built before 1978:

• Seller has provided Buyer with the EPA pamphlet "Protect Your Family From Lead in Your Home."

• Seller has disclosed any known lead-based paint or hazards.

• Buyer has had the opportunity to conduct a risk assessment or inspection for lead-based paint.

Buyer acknowledges receipt of the required lead disclosures., -

ARTICLE IV, TITLE, SURVEY, AND CLOSING

13. Title

Seller shall convey marketable title to the Property by warranty deed (or special warranty deed if customary in the area), free and clear of all liens, encumbrances, and exceptions except: (a) current real property taxes not yet due and payable; (b) easements, restrictions, and encumbrances of record that do not materially interfere with Buyer's intended residential use; (c) zoning ordinances; and (d) other matters approved by Buyer in writing.

Within [[Title Commitment Deadline, e.g., 10 days]] after the Effective Date, Seller shall cause a title insurance commitment to be issued by [[Title Company Name]] in the amount of the Purchase Price, with Buyer as the proposed insured. Buyer shall have [[Title Objection Period, e.g., 5 business days]] after receipt of the commitment to object in writing to any title defects. Seller shall have a reasonable time (not to exceed [[Title Cure Period, e.g., 15 days]]) to cure objections. If Seller cannot or will not cure, Buyer may terminate and receive return of Earnest Money.

14. Survey

Buyer may obtain a current survey or staked boundary survey of the Property at Buyer's expense. If the survey reveals encroachments, boundary issues, or other matters affecting title or use, Buyer may object under the title contingency procedures.

15. Closing and Possession

Closing shall take place on or before [[Closing Date]] at the offices of the Escrow Agent or such other location as the parties agree.

At Closing, Seller shall deliver: (a) the deed; (b) keys, access devices, and garage openers; (c) all required disclosures and affidavits; and (d) possession of the Property in broom-clean condition, free of Seller's personal property (except as agreed), with all utilities on.

Possession shall be delivered at Closing unless otherwise agreed in writing: [[Possession Timing, e.g., "at Closing", "24 hours after Closing", "upon funding"]].

16. Prorations and Closing Costs

Real property taxes, assessments, rents, HOA dues, and utility charges shall be prorated as of the Closing Date using the actual days in the year or month as applicable.

Buyer shall pay: loan fees, appraisal, credit report, title insurance owner's policy (if negotiated), recording fees for deed and mortgage, and Buyer's attorney fees if any.

Seller shall pay: real estate brokerage commissions (per separate agreement), transfer taxes or recording fees customarily paid by sellers in Alaska, and Seller's attorney fees if any.

Any other closing costs shall be allocated according to local custom or as otherwise agreed: [[Allocation of Other Costs]]., -

ARTICLE V, DEFAULT AND REMEDIES

17. Default by Buyer

If Buyer defaults, Seller may: (a) terminate this Agreement and retain the Earnest Money as liquidated damages (which the parties agree is a reasonable estimate of actual damages and not a penalty), or (b) pursue specific performance or other remedies available at law or in equity.

18. Default by Seller

If Seller defaults, Buyer may: (a) terminate and receive return of the Earnest Money plus reimbursement of reasonable out-of-pocket inspection and loan costs, or (b) pursue specific performance or damages.

19. Earnest Money Dispute

In the event of a dispute over the Earnest Money that is not resolved by agreement, Escrow Agent may interplead the funds into court or follow the procedures required by Alaska law and the title company's escrow instructions., -

ARTICLE VI, REPRESENTATIONS, WARRANTIES, AND ADDITIONAL TERMS

20. Seller Representations

Seller represents that, to Seller's actual knowledge: (a) Seller has the legal right and authority to sell the Property; (b) the Property is not subject to any pending condemnation or special assessment except as disclosed; (c) there are no known material latent defects that have not been disclosed in the Property Disclosure Statement; and (d) Seller is not aware of any pending or threatened litigation affecting the Property except as disclosed.

21. "As-Is" and Inspection Acknowledgment

Except for the representations expressly set forth in this Agreement and any warranty of title, the Property is being sold "AS-IS" with all faults. Buyer acknowledges that Buyer has had the opportunity to inspect the Property and is relying on Buyer's own inspection and due diligence, not on any representation by Seller or Seller's agents except as expressly stated herein.

22. Risk of Loss

Risk of loss to the Property by fire, casualty, or other cause remains with Seller until Closing. If the Property is materially damaged before Closing, Buyer may terminate and receive return of the Earnest Money, or proceed with an assignment of insurance proceeds and reduction in Purchase Price equal to the diminution in value.

23. Assignment

Buyer may not assign this Agreement without Seller's prior written consent, which shall not be unreasonably withheld.

24. Notices

All notices under this Agreement shall be in writing and delivered by personal delivery, certified mail, overnight courier, or email (with read receipt or confirmation) to the addresses set forth above or such other address as a party designates in writing. Notice is effective upon receipt or, if mailed, three (3) days after mailing.

25. Governing Law and Venue

This Agreement shall be governed by and construed in accordance with the laws of the State of Alaska. Any action arising out of this Agreement shall be brought in the state or federal courts located in the judicial district where the Property is located.

26. Entire Agreement; Amendments; Severability

This Agreement, including all exhibits and addenda attached hereto, constitutes the entire agreement between the parties and supersedes all prior negotiations, representations, and agreements. No modification shall be binding unless in writing and signed by both parties. If any provision is held invalid or unenforceable, the remaining provisions shall continue in full force.

27. Time of Essence

Time is of the essence with respect to all dates and deadlines in this Agreement.

28. Counterparts; Electronic Signatures

This Agreement may be executed in counterparts, each of which shall be deemed an original. Electronic signatures and PDF or electronic transmission of signed copies are valid and binding.

29. Attorney Fees

In any action or proceeding to enforce rights under this Agreement, the prevailing party shall be entitled to recover reasonable attorney fees and costs from the other party as permitted by Alaska law.

30. Additional Provisions

[[Insert any additional provisions, addenda references, or special conditions, e.g., "Sale of Buyer's current home is a contingency per attached Addendum A", "Seller to complete the following repairs prior to Closing: [[list]]", "Buyer to receive a credit at Closing of $[[amount]] for carpet replacement."]], -

ARTICLE VII, SIGNATURES

IN WITNESS WHEREOF, the parties have executed this Agreement as of the Effective Date first written above.

SELLER:

_____________________________________________
[[Seller Full Legal Name(s)]]

Date: [[Seller Signature Date]]

_____________________________________________
[[Second Seller Full Legal Name if applicable]]

Date: [[Second Seller Signature Date]]

BUYER:

_____________________________________________
[[Buyer Full Legal Name(s)]]

Date: [[Buyer Signature Date]]

_____________________________________________
[[Second Buyer Full Legal Name if applicable]]

Date: [[Second Buyer Signature Date]], -

EXHIBIT A, LEGAL DESCRIPTION

(Attach full metes and bounds, lot and block description, or recorded deed legal description if not fully set forth in Section 3.)

Legal Description: [[Insert or "See attached deed or title commitment"]], -

EXHIBIT B, ADDENDA AND ATTACHMENTS

The following addenda and attachments are incorporated into this Agreement:

• [[List, e.g., "Addendum A, Sale of Buyer's Home Contingency"]]
• [[Addendum B, Repair Agreement if any]]
• [[Seller Property Disclosure Statement dated [[date]]]]
• [[Lead-Based Paint Disclosure (if pre-1978)]]
• [[HOA Documents / Resale Certificate]]
• [[Other]], -

Alaska Purchase Agreement Statutory and Customary Reference

Disclaimer and Sources

*Template, not professional legal advice. This Alaska Residential Purchase and Sale Agreement is a sample form intended to address common terms for residential transactions in Alaska. There is no mandatory state form. Parties should consult a licensed Alaska real estate attorney to customize this Agreement for the specific transaction, financing, and property. Laws, customs, and required disclosures change. This document does not constitute legal advice and creates no attorney-client relationship.*

Key Sources (as of June 2026):
- Alaska Statutes Title 34 (Property), especially AS 34.70 (Residential Real Property Transfer Disclosure)
- Alaska common law of contracts and real property conveyancing
- Standard real estate practices in Alaska (title insurance, escrow, prorations), -

*End of Alaska Residential Purchase and Sale Agreement template.*