Buyer Agreement
Effective July 1, 2026 · Maintained by SLAB, Inc.
This Buyer Agreement supplements the Terms of Service and governs your use of SLAB as a prospective buyer of real property. By making an offer or completing a purchase, you agree to the terms below.
1. No Broker Relationship
SLAB is a marketplace and does not act as your broker, agent, attorney, or fiduciary. You are responsible for engaging your own real estate attorney, title company, surveyor, inspector, and, if desired, a licensed buyer's agent.
2. Due Diligence Is Your Responsibility
Before making or closing on an offer, you must independently verify all material facts, including but not limited to: title status and any liens or encumbrances; parcel boundaries and acreage; legal and physical access; zoning, permitted use, and building restrictions; utilities availability (water, sewer/septic, power, internet); flood zone, wetlands, soil, and environmental conditions; HOA/POA fees and covenants; property taxes and assessments; mineral, timber, and water rights; and any pending litigation or code violations. You agree not to rely on SLAB, listing content, maps, or seller statements as a substitute for independent professional verification.
3. Offers & Contract Formation
An offer made through the Service is a proposal to the seller and does not, by itself, create a binding contract to purchase real estate. A binding contract requires a written purchase and sale agreement that satisfies the statute of frauds of the applicable jurisdiction, signed by both parties. SLAB provides tools to communicate and track offers but is not a party to your contract with the seller.
4. Escrow, Payment & Closing
Earnest money and purchase funds should be held by a qualified escrow agent, title company, or attorney and released per the purchase agreement. Where SLAB facilitates payment through Stripe, funds are held by the payment processor subject to Stripe's terms until conditions to release are met. Never send funds outside SLAB or an identified closing agent; wire fraud in real estate is common and often unrecoverable.
5. Buyer Fees
SLAB does not charge buyers a platform fee for browsing or making offers. Third-party costs (title insurance, escrow, recording, taxes, inspections, surveys, financing) are the buyer's responsibility unless otherwise agreed. Payment-processor fees, if any, will be disclosed at checkout.
6. Financing
Any financing contingency must be included in your purchase agreement. SLAB does not provide loans and does not endorse any lender. If you obtain financing, comply with your lender's requirements and timelines.
7. Cancellations & Refunds
Rights to cancel and receive refunds are governed by your written purchase agreement and applicable law. SLAB is not a party to and does not adjudicate refund entitlements between buyer and seller, but will comply with instructions from a court or authorized escrow agent.
8. Prohibited Conduct
Do not submit offers you do not intend to honor, harass sellers, misrepresent your identity, or contact sellers to complete a transaction off-platform to avoid fees. SLAB may suspend accounts that engage in such conduct.
9. Indemnification & Risk
You acknowledge that buying land involves risk. You agree to indemnify SLAB for claims arising from your conduct in a transaction or your breach of this Agreement, on the terms set forth in the Terms of Service.