Alaska Residential Purchase and Sale Agreement

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Alaska Residential Purchase and Sale Agreement

The Alaska residential purchase and sale agreement is a contract used in the home-buying process to make a formal purchase offer on residential real estate. The contract establishes the fees the buyer is willing to cover, the closing costs, any contingencies, how the property will be financed, and other key terms and conditions.

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Last updated May 15th, 2025

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The Alaska residential purchase and sale agreement is a contract used in the home-buying process to make a formal purchase offer on residential real estate. The contract establishes the fees the buyer is willing to cover, the closing costs, any contingencies, how the property will be financed, and other key terms and conditions.

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Contents

Required Disclosures (3)
Lead-Based Paint – United States Federal law requires prospective home buyers to be presented with a lead disclosure document and the EPA-approved pamphlet regarding identifying and controlling lead hazards if the property was built prior to 1978.

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Real Estate Commission Consumer Disclosure (AS 08.88.615(a)(6) and 08.88.685) – Alaska requires that realtors present this disclosure document to consumers (individuals involved in buying and selling real estate) before doing business with them.

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Property Disclosure Statement (AS 34.07.010 and 34.07.050) – The seller of real property must provide the buying party with this disclosure before any offer is made by the buyer. Furthermore, three (3) provisions that must be included in a PDS by law are 1) the buyer is responsible for performing a sex offender search in the vicinity; 2) information on where the buyer can perform a sex offender search; and 3) the buyer is responsible for determining whether the property is near an agricultural facility that produces odor, fumes, noises, and other inconveniences.

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