Offer To Purchase Real Estate printable pdf download

OFFER TO PURCHASE REAL ESTATE

This is a legally binding contract. If not understood, seek legal advice.

Date: ________________

To: ______________________________________

Re: The property at _________________________, (the “Premises”)

We hereby offer to buy the Premises which have been shown to us by ____________________

as the agent for the Buyer, subject to the following terms & conditions:

1. We will pay for the Premises ______________ of which

(a) ________________ is paid herewith to validate this Offer.

(b) ________________ is to be paid as an additional deposit upon execution of the Purchase &

Sale

Agreement provided for below.

(d) ________________ Total Sale Price.

2. This Offer is good until ________________ on ________________, at or before which time a

copy of this Offer must be signed by you and returned to us, or this Offer shall be void and the

money paid with this Offer shall be returned to us immediately.

3. The Closing shall be on ________________ and take place at the Nantucket County Registry

of Deeds at which time the Seller shall deliver a good and sufficient deed, conveying clear and

marketable title.

4. If this Offer is accepted by you, then our obligation to buy the Premises is subject to and

conditioned upon:

(a) Our obtaining on or before _____ days from your acceptance of this Offer, a structural and

pest inspection of the Premises satisfactory to us.

(b) Execution by you and by us, on or before _____ days from your acceptance of this Offer, of a

mutually satisfactory Purchase & Sale Agreement in a form and content satisfactory to the parties

and their respective attorneys, setting forth all of the terms and conditions of this transaction,

which shall then become the Agreement of the parties.

satisfactory commitment letter from an institutional lender for a first mortgage not in excess of

_____ of the purchase price or ______________ at local market and prevailing rates & terms.

(d) __________________________________________________________________________

_____________________________________________________________________________

(e) __________________________________________________________________________

_____________________________________________________________________________

5. If we do not fulfill our obligations under this Offer after it has been accepted by you, the deposit

shall immediately become your property without further liability by us to you.

6. Time is of the essence of this Offer.

7. The Buyer agrees to pay the 2% Nantucket Land Bank transaction fee at Closing.

8. The Riders, if any, attached hereto are incorporated herein by reference, including a Lead

Paint Rider for residential dwellings constructed before 1978.

9. When, as, and if the deed is delivered and the purchase price is paid, a Professional Service

Fee (Commission) of _____ of the purchase price shall be paid to _________________ out of

Offer To Purchase Real Estate