Residential Purchase Agreement Template - Offer, Receipt And Acceptance
ADVERTISEMENT
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5RESIDENTIAL PURCHASE AGREEMENT
OFFER, RECEIPT AND ACCEPTANCE
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BUYER: The undersigned
offers to buy the
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PROPERTY: Located at
,
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City
, Ohio, Zip Code
.
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Permanent Parcel No.
, and further described as being:
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The property, which Buyer accepts in its "AS IS" PRESENT PHYSICAL CONDITION, shall include the land, all
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appurtenant rights, privileges and easements, and all buildings and fixtures, including such of the following as are
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now on the property: all electrical, heating, plumbing and bathroom fixtures; all window and door shades, blinds,
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awnings, screens, storm windows, curtain and drapery fixtures; all landscaping, disposal, TV antenna, rotor and
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control unit, smoke detectors, garage door opener(s) and
controls; all permanently attached carpeting. The
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following selected items shall also remain:
satellite dish;
range and oven;
microwave;
kitchen refrigerator;
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dishwasher;
washer;
dryer;
radiator covers;
window air conditioner;
central air conditioning;
gas
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grill;
fireplace tools;
screen,
glass doors and
grate;
all existing window treatments;
ceiling fan(s);
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wood burner stove inserts;
gas logs; and
water softener. Also included:
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Fixtures NOT Included:
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PRICE: Buyer shall pay the sum of .................................................... $
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Earnest money payable to
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In the form of a
check
note. Note shall be redeemed immediately
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upon receipt of a binding agreement (as defined on lines 205-213)
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and all monies deposited in an escrow/trust account are to be
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credited against the purchase price.................................................... $
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Balance of cash to be deposited in escrow ........................................ $
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Mortgage loan to be obtained by Buyer
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............................................. $
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Conventional,
FHA,
VA,
Other
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FINANCING: Buyer shall make a written application for the above mortgage loan and provide documentation to
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Seller of said application within
days and shall obtain a commitment for that loan no later than
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days after acceptance of this offer. At the Seller's written election, if, despite Buyer's good
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faith efforts, that commitment has not been obtained, then this Agreement shall be null and void. Upon signing of
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a mutual release by Seller and Buyer, the earnest money deposit shall be returned to the Buyer without any
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further liability of either party to the other or to the Brokers and their agents. (see line 196)
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CLOSING: All funds and documents necessary for the completion of this transaction shall be placed in escrow
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with the lending institution or escrow company on or before
, and title shall be
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recorded on or about
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:
Seller shall deliver possession to Buyer of the property within
days by
(time),
POSSESSION
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AM
PM after the title has been recorded. Subject to Buyer's rights, if any, the premises may be occupied by
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the Seller free for
days. Additional
days at a rate of $
per day. Insurance coverage
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and payment and collection of fees for use and occupancy after recording of title are the sole responsibility of
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Seller and Buyer.
_____________ ____________
_____________ _____________
Page 1 of 5
BUYER'S INITIALS AND DATE
RESIDENTIAL PURCHASE AGREEMENT
SELLER'S INITIALS AND DATE
NEOHREX 03/10
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