AI Nevada Purchase Agreement

This Residential Purchase Agreement and Escrow Instructions (the "Agreement") is entered into as of [[Agreement Date]] by and between the Seller and Buyer named below for the purchase and sale of the Property described herein. Nevada is an escrow state. Closing is handled by a licensed escrow or title company. A deed of trust is the standard security instrument., -

1. PARTIES

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

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

Seller agrees to sell and convey, and Buyer agrees to purchase, the Property on the terms set forth in this Agreement., -

2. PROPERTY

Property Address:
[[Full Street Address, Unit # if applicable]]
[[City]], Nevada [[ZIP Code]]

Legal Description:
[[Full Legal Description or "Lot [[#]], Block [[#]], [[Subdivision Name]], according to the official plat thereof, recorded in Book [[#]], Page [[#]], Official Records of [[County]] County, Nevada" or attach exhibit]]

APN: [[Assessor's Parcel Number]]

Included Items: All fixtures and appurtenances, including but not limited to attached lighting, ceiling fans, window coverings, attached appliances, and any items listed in Exhibit A (Inventory of Included Personal Property), unless excluded below.

Excluded Items: [[List any exclusions or "None"]]

The Property is sold subject to all easements, restrictions, and encumbrances of record except as otherwise provided., -

3. PURCHASE PRICE AND EARNEST MONEY

Purchase Price: $[[Purchase Price Amount]]

Earnest Money Deposit: $[[Earnest Money Amount]] (typically 1%, 3% of purchase price)

Earnest money shall be deposited with the Escrow Holder within [[1 / Number]] business day(s) after Acceptance. The deposit shall be held in escrow by a licensed escrow agent or title company in accordance with NRS 645A and the escrow instructions.

Escrow Holder: [[Escrow Company / Title Company Name]]
Escrow # (to be assigned): [[Escrow Number]], -

4. FINANCING

Financing Type: [[Conventional / FHA / VA / Cash / Seller Carryback / Other]]

Loan Amount (if financed): $[[Loan Amount]]

Down Payment: $[[Down Payment Amount]]

Buyer shall apply for financing within [[Number]] days after Acceptance.

Financing Contingency Period: [[30]] days after Acceptance (or as otherwise agreed). If Buyer is unable to obtain financing on the terms stated despite good-faith efforts, Buyer may terminate and receive return of earnest money, subject to the terms of this Agreement.

Pre-Approval / Proof of Funds: Buyer has provided [[Pre-approval letter / Proof of funds / N/A]] dated [[Date]]., -

5. INSPECTION CONTINGENCY

Buyer shall have the right to conduct inspections of the Property during the Inspection Period of [[10 / 15]] days after Acceptance (the "Inspection Period").

Inspections may include general home inspection, pest/termite, roof, HVAC, plumbing, electrical, environmental (mold, radon, asbestos), sewer scope, and any other inspections Buyer deems appropriate.

Buyer may request repairs, credits, or termination based on inspection results. Seller shall have [[Number]] days to respond to any repair request. If no agreement is reached, either party may terminate and earnest money shall be returned to Buyer (subject to any agreed liquidated damages or other provisions).

Buyer acknowledges the right to a professional inspection and that Seller's disclosures are based on Seller's knowledge only., -

6. SELLER DISCLOSURES AND DOCUMENTS

Seller shall deliver the following to Buyer within the timeframes below (or as required by statute):

• Completed Seller's Real Property Disclosure Statement (SRPD) per NRS 113.130, delivered before or at Acceptance or at least 10 days prior to conveyance.
• HOA / CIC resale package (if applicable) per NRS 116.4109 within [[2]] business days of request.
• Lead-Based Paint Disclosure and pamphlet (pre-1978 homes) per federal law.
• Any other required disclosures (open range, construction defects, solar, etc.).

Buyer shall have [[5]] calendar days after receipt of a late or supplemental disclosure to rescind the Agreement, as permitted by contract and law., -

7. TITLE AND ESCROW

Escrow shall be opened promptly after Acceptance. Title shall be conveyed by Grant, Bargain and Sale Deed or Special Warranty Deed as customarily used in the county, free and clear of liens and encumbrances except:

• Current real property taxes not yet due.
• Easements, restrictions, and CC&Rs of record.
• Any other items approved by Buyer in writing.

Title insurance: [[Owner's Policy / ALTA standard coverage]] to be provided at [[Seller / Buyer / Split]] expense. Premium for standard coverage typically paid by [[Seller or per custom]].

Deed of Trust: If financing is involved, Buyer will execute a Deed of Trust (not a mortgage) in favor of the lender., -

8. CLOSING AND POSSESSION

Closing Date: [[Closing Date, on or about XX days after Acceptance]]

Closing shall occur through the Escrow Holder. All documents and funds shall be delivered to Escrow in sufficient time to meet the closing date.

Possession: Seller shall deliver possession of the Property to Buyer at [[Closing / Time after closing, e.g. 5:00 PM on closing date / Other agreed time]].

Prorations: Rents, taxes, HOA dues, and other items shall be prorated as of the Closing Date.

Transfer Tax: Real property transfer tax shall be paid as required by NRS 375.023 at the rate of $1.95 per $500 of value (or applicable local rate). Responsibility for payment: [[Seller / Buyer / Split 50/50]]., -

9. DEFAULT AND REMEDIES

Buyer Default: If Buyer defaults, Seller may terminate and retain the earnest money as liquidated damages (not a penalty), or pursue other remedies available at law or equity.

Seller Default: If Seller defaults, Buyer may terminate and receive return of earnest money plus actual damages, or seek specific performance.

Liquidated Damages: If initialed by both parties below, the earnest money shall be the sole and exclusive remedy for Buyer default.

Buyer Initials: _____ Seller Initials: _____, -

10. ADDITIONAL PROVISIONS AND CONTINGENCIES

Appraisal Contingency (if applicable): [[Number]] days. If appraised value is less than purchase price, Buyer may terminate or renegotiate.

Sale of Buyer's Property Contingency: [[Yes / No]], If yes, details: [[Details or "Buyer must close on sale of current home by [[Date]] or this Agreement may be terminated."]]

Other Contingencies or Addenda: [[List any additional or "None"]], -

11. GENERAL PROVISIONS

Governing Law: This Agreement shall be governed by the laws of the State of Nevada.

Entire Agreement: This Agreement, including all exhibits and addenda, constitutes the entire agreement and supersedes all prior negotiations and representations.

Severability: If any provision is held invalid, the remainder shall remain in full force.

Notices: All notices shall be in writing and delivered by personal delivery, overnight courier, certified mail, or email to the addresses in this Agreement or as updated in writing.

Time is of the Essence: Time is of the essence for all dates and deadlines.

Attorney Fees: The prevailing party in any dispute arising out of this Agreement shall be entitled to reasonable attorney fees and costs.

No Attorney Required: Nevada does not require an attorney to close a residential real estate transaction., -

12. SIGNATURES

Seller(s):

_______________________________________________ Date: [[Date]]
[[Seller Full Legal Name]]

_______________________________________________ Date: [[Date]]
[[Seller Full Legal Name]]

Buyer(s):

_______________________________________________ Date: [[Date]]
[[Buyer Full Legal Name]]

_______________________________________________ Date: [[Date]]
[[Buyer Full Legal Name]], -

EXHIBIT A, INCLUDED / EXCLUDED PERSONAL PROPERTY (if used)

[[Detailed list or reference to MLS or separate inventory]], -

EXHIBIT B, ADDENDA ATTACHED

[[List: Financing Addendum, Inspection Addendum, HOA Addendum, Lead Paint, Solar, etc. or "None"]], -

STATUTORY AND REGULATORY REFERENCES (Nevada, as of June 2026)

DISCLAIMER AND SOURCES

Template, not professional legal advice. This is a template purchase agreement based on Nevada Revised Statutes, common NVAR forms, and standard Nevada real estate practice as of June 2026. Local customs, specific lender requirements, and recent statutory changes may affect the transaction. Use official or attorney-drafted forms for actual transactions. All user-supplied values are shown as [[Token Name]] placeholders. Consult a Nevada-licensed real estate attorney or agent and obtain professional inspections and title review.

Primary Sources (as of June 2026):
- NRS Chapter 113 (Sales of Real Property)
- NRS 645A (Escrow)
- NRS 375 (Real Property Transfer Tax)
- Nevada Real Estate Division resources and NVAR standard forms guidance
- County recorder and title company practices

End of Nevada Purchase Agreement