Washington Real Estate Contract-Long Form is a legal agreement between a buyer and a seller for the transfer of real estate in Washington State. This contract includes details such as the purchase price, closing date, financing and inspection contingencies, and other important terms of the agreement. The long form contract is the most comprehensive type of real estate contract available and is used for the purchase of a single-family residence. There are two types of Washington Real Estate Contracts-Long Form: Residential Contract for Sale and Purchase and the Contract for Sale of Land. The Residential Contract for Sale and Purchase covers the sale of a single-family residence, condominiums, town homes, and other types of residential real estate. The Contract for Sale of Land covers the sale of vacant land, undeveloped lots, and other types of raw land. Both types of contracts set out the terms of the sale, including the purchase price, closing date, financing and inspection contingencies, and other important terms of the agreement. They also provide for an escrow account, which is used to hold funds in trust until all conditions of the contract are met. Additionally, both contracts provide for arbitration in the event of a dispute.