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Real Estate Purchase Agreement
Agreement Date: _____________________________________
between
_____________________________________________ (Seller)
and
_____________________________________________ (Buyer)
Both Seller and Buyer may cancel this Agreement within ____ days of this date by giving written notice to the other, in which event any earnest monies will be returned. This ____ day time period will give both Buyer and Seller the opportunity to consult their attorneys if they wish.
After this ____ day time period, no earnest monies will be returned.
1. Property. Seller agrees to sell and Buyer agrees to buy the
property located at ______________________________________________.
in the City of _________________________________________, County of
____________________________________ , State of __________________,
and further described as being a: ________________________________
__________________________________________________________________.
The term "Property" includes the land, all appurtenant rights and
easements, all buildings and permanent fixtures.
2. Price. The purchase price is $_______________________.
3. Payment. The purchase price will be paid as follows:
Earnest Money
(for which this Agreement is a Receipt): $___________
Balance of Earnest Money
(to be paid within ___________ days): $___________
Balance (to be paid at Closing in cash,
certified or bank check, or wired funds): $___________
TOTAL: $___________
4. Closing. the Closing shall be on or before ___________________, and shall take place at the Buyers lending institution or a title firm.
5. Transfer Of Title. At the closing, Seller will transfer ownership of the Property to Buyer, free of all claims and rights of others except as and if specifically provided for in this Agreement.
Seller will give Buyer a properly executed deed to the Property transferring good title to the buyer. Title shall be subject to usual utility easements, if any, and other restrictions and easements of record, so long as they do not interfere with the use of the Property as a residence.
6. Conditions Of Property. The Property is sold in "as is" condition:
all electrical, heating, plumbing and bathroom fixtures, all
shades, blinds, awnings, screens, venetian blinds, storm sashes,
curtain rods, smoke and/or fire detectors, fireplace grates, and
7. Contingencies.
a. MORTGAGE. Performance of Buyer is contingent upon obtaining a
mortgage for which Buyer shall apply for immediately. If Buyer
is unable to obtain a mortgage commitment within _______ days,
the escrow payment will be forfeited in full.
b. PHYSICAL INSPECTION. Buyer may have the Property inspected by
an engineer, builder or home inspector to determine the
presence of structural defects and to determine that all
electrical, plumbing, heating, sewer/septic, well (if
applicable), and air conditioning (if applicable) systems are
in working order and need no major replacements or repairs.
c. CONTINGENCIES.
_____________________________________________________________.
_____________________________________________________________.
_____________________________________________________________.
8. The Buyer shall pay ALL Closing Costs through escrow.
9. Complete Agreement. This Agreement is the entire and only agreement
between Buyer and Seller. This Agreement replaces and cancels any
previous agreements between Buyer and Seller. This Agreement can be
changed only by an agreement in writing signed by both Buyer and
Seller. Seller also promises that the Seller has not made any other
agreements to sell the Property to anyone else.
10. Parties Liable. This Agreement is binding upon all parties who sign
it and all who succeed to their rights and responsibilities.
This Agreement consists of __________ pages.
SIGNED AND AGREED TO BY:
______________________________ _______________________________
Seller Date Buyer Date
Real Estate Purchase Agreement
Agreement Date: _____________________________________
between
_____________________________________________ (Seller)
and
_____________________________________________ (Buyer)
Both Seller and Buyer may cancel this Agreement within ____ days of
this date by giving written notice to the other, in which event any
earnest monies will be returned. This ____ day time period will give
both Buyer and Seller the opportunity to consult their attorneys if
they wish. After this ____ day time period, no earnest monies will be
returned.
1. Property. Seller agrees to sell and Buyer agrees to buy the
property located at ______________________________________________.
in the City of _________________________________________, County of
____________________________________ , State of __________________,
and further described as being a: ________________________________
__________________________________________________________________.
The term "Property" includes the land, all appurtenant rights and
easements, all buildings and permanent fixtures.
2. Price. The purchase price is $_______________________.
3. Payment. The purchase price will be paid as follows:
Earnest Money
(for which this Agreement is a Receipt): $___________
Balance of Earnest Money
(to be paid within ___________ days): $___________
Balance (to be paid at Closing in cash,
certified or bank check, or wired funds): $___________
TOTAL: $___________
4. Closing. the Closing shall be on or before ___________________, and
shall take place at the Buyers lending institution or a title firm.
5. Transfer Of Title. At the closing, Seller will transfer ownership
of the Property to Buyer, free of all claims and rights of others
except as and if specifically provided for in this Agreement.
Seller will give Buyer a properly executed deed to the Property
transferring good title to the buyer. Title shall be subject to
usual utility easements, if any, and other restrictions and
easements of record, so long as they do not interfere with the use
of the Property as a residence.
6. Conditions Of Property. The Property is sold in "as is" condition:
all electrical, heating, plumbing and bathroom fixtures, all
shades, blinds, awnings, screens, venetian blinds, storm sashes,
curtain rods, smoke and/or fire detectors, fireplace grates, and
7. Contingencies.
a. MORTGAGE. Performance of Buyer is contingent upon obtaining a
mortgage for which Buyer shall apply for immediately. If Buyer
is unable to obtain a mortgage commitment within _______ days,
the escrow payment will be forfeited in full.
b. PHYSICAL INSPECTION. Buyer may have the Property inspected by
an engineer, builder or home inspector to determine the
presence of structural defects and to determine that all
electrical, plumbing, heating, sewer/septic, well (if
applicable), and air conditioning (if applicable) systems are
in working order and need no major replacements or repairs.
c. CONTINGENCIES.
_____________________________________________________________.
_____________________________________________________________.
_____________________________________________________________.
8. The Buyer shall pay ALL Closing Costs through escrow.
9. Complete Agreement. This Agreement is the entire and only agreement
between Buyer and Seller. This Agreement replaces and cancels any
previous agreements between Buyer and Seller. This Agreement can be
changed only by an agreement in writing signed by both Buyer and
Seller. Seller also promises that the Seller has not made any other
agreements to sell the Property to anyone else.
10. Parties Liable. This Agreement is binding upon all parties who sign
it and all who succeed to their rights and responsibilities.
This Agreement consists of __________ pages.
SIGNED AND AGREED TO BY:
______________________________ _______________________________
Seller Date Buyer Date
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