Real Estate Purchase And Sale Agreement (Non-Residential) Page 2

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Commissioners, during which:
a. Written offers for purchase received prior to the meeting are presented to the
Board by the County Engineer.
b. Chair of the Board allows individual comment from the audience and inquires
whether others present wish to offer more for the property than the offers
received through the County Engineer as stated in paragraph a above.
c. Offers, if any, are heard from the floor. If more than one offer is made from the
floor, then an auction of the property will be conducted. All offers made from
the floor, shall be submitted in writing, using this Real Estate Purchase and Sale
Agreement form, to the County Engineer no later than 5:00 p.m. on the following
business day. Any offer from the floor that is not reduced to writing and
submitted to the County Engineer as required by this paragraph c, will not be
considered as a valid offer by the County.
d. If no offers are made from the floor as described in paragraph c above, the Board
will decide whether to accept or counter any of the offers presented to the Board
as described in paragraph a above.
e. If there are offers from the floor as described in paragraph c above, the Board
will consider all offers at the next meeting of the Board and will decide which of
the offers presented at the meeting pursuant to paragraph c above that the Board
will accept, if any.
5. By acceptance of this offer as described above in Seller Contingencies, Seller waives
the Seller Contingencies.
B. Purchaser Contingencies: (Check all applicable contingencies)
[ ] Financing: Purchaser(s) shall submit application for financing within
days (five days if not filled in) of their offer being accepted by Seller.
Seller will not contribute toward Purchaser’s loan costs, lender required prepaid
amounts and reserves, Purchaser closing costs, or any costs that Purchaser is not
allowed to pay under the particular loan program. Seller may terminate this
Agreement if Purchaser does not waive Financing contingency within sixty (60)
days from the date of acceptance of this Agreement by Seller.
[ ] Title Report: Purchaser(s) may terminate this Agreement without penalty within
ten (10) days of receipt of the title report regarding the property. If the Purchaser
does not exercise this contingency within the ten (10) day limitation, then the
contingency is waived.
[ ] Other Purchaser Contingencies: In addition to the conditions stated above, if
any, this sale is conditioned upon the following:
Real Estate Purchase and Sale Agreement
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