Contract To Purchase Template printable pdf download

CONTRACT TO PURCHASE REAL ESTATE

The undersigned, _________________________________________________, and hereinafter

referred to as "SELLERS”, agree to sell and ________________________________________,

and hereinafter referred to as "PURCHASERS" agree to buy certain real estate known as

______________________________________________________.

Said real estate shall

include all land and appurtenant rights, also all buildings, fixtures, heating, electrical and

plumbing fixtures and facilities, window shades, venetian blinds, awnings, curtain rods,

screens, storm windows, wall-to-wall carpeting, appliances, landscaping and shrubbery and

attached radio and/or television aerials, as maybe applicable, except _______________________

______________________________________________________________________________

PURCHASERS agree to pay for said property the sum of ____________________________

DOLLARS ($____________), payable as follows:

a. $____________ Earnest money paid by PURCHASERS with the execution

of this contract, the receipt of which is acknowledged by

SELLERS; and

b. $____________ Downpayment at closing; and

c. $____________

Proceeds from a Mortgage to be obtained by PURCHASERS

This CONTRACT TO PURCHASE REAL ESTATE is contingent upon PURCHASERS

obtaining a mortgage commitment from a lending institution in the amount of $___________, or

in a lesser amount acceptable to PURCHASERS. The PURCHASERS agree to make loan

application within five (5) days of the date of this Agreement and to cooperate fully with such

lender’s requests for information and to otherwise use due diligence and good faith in an effort to

obtain financing. If no decision on PURCHASERS’ loan application is forthcoming within 20

days after the date of this Agreement, then PURCHASERS shall obtain an extension of this

contingency from SELLERS or remove said contingency. If SELLERS refuse to grant such

extension and PURCHASERS refuse to remove this contingency or if PURCHASERS’

financing application is denied, then this CONTRACT TO PURCHASE REAL ESTATE is

null and void and of no further force and effect and all Earnest Money, if any, heretofore paid to

SELLERS shall be returned to PURCHASERS.

This CONTRACT TO PURCHASE REAL ESTATE is contingent upon a general home

inspection of the premises, satisfactory to PURCHASERS, the type and extent of which shall be

at PURCHASERS’ discretion and expense. Provided, however, any such inspection shall be

completed within ________ of the date of this Agreement with the results thereof to be

communicated to SELLERS within _____ hours thereafter, or this contingency will be deemed

waived. PURCHASERS shall not unreasonably withhold their approval of said Inspection. In

the event said Inspection should disclose the necessity of repairs of a material nature affecting

the integrity and safety of the structure, and PURCHASERS refuse to waive said defects,

SELLERS shall be obligated to repair same at their own expense, or adjust the purchase price

accordingly, or cancel this Agreement with earnest monies to be returned to PURCHASERS.

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Contract To Purchase Template