Purchase agreement for apartment building

[Josh Sterling]

We have reached an agreement with the seller on the purchase of an apartment building, and are now in need of an official purchase agreement. This deal will not have a broker involved for either party, therefore we will be responsible for all duties normally preformed by the broker.

Who typically prepares the purchase agreement in this case? The buyer of the seller?

My wife is a real estate agent, and may be able to obtain a generic commercial purchase agreement from her broker, is that a good starting point, and then we can have an attorney make adjustments from there? Or should we just start from scratch and have an attorney draft everything?

Thanks,

-Josh