Offer To Purchase Real Estate printable pdf download

OFFER TO PURCHASE REAL ESTATE

The undersigned hereby offers and agrees to purchase the following land situated in the City/

Township/ Village of____________________________, __________________ County, _______,

described as follows:

____________________________________________________________________________

Commonly known as ___________________________________________ together with all

improvements and appurtenances, including all lighting and plumbing fixtures, shades, Venetian blinds,

curtain rods, storm doors, screens, awnings, TV antenna, _________________________________

____________________________________________________________________________

if any, now on the premises and to pay therefore the sum of ______________________________

dollars subject to the existing building and use restrictions, easements and zoning ordinances, if any,

upon the following conditions:

THE SALE TO BE CONSUMATED BY:

(Fill in one of the five following paragraphs, and strike out the remainder.)

A. CASH SALE. Delivery of the usual warranty deed conveying a marketable title. Payment of

purchase money is to be made in certified check.

B. CASH SALE WITH NEW MORTGAGE. Delivery of the usual warranty deed conveying a

marketable title. Payment of purchase money is to be made in certified check. Purchaser agrees that

he will apply for a _________________________mortgage in the amount of $ ________________

Within _________days and pay $________________________ down plus mortgage costs, prepaid

items and adjustments in cash. Purchaser agrees to execute the mortgage as soon as the mortgage

application is approved, a closing date obtained from the lending institution and, if applicable, final

inspection of the property approved by the Veterans Administration or F.H.A. Failure to obtain

mortgage approval within __________days shall cause this agreement to be null and void at the

option of either party and all deposits will be returned.

C. SALE TO EXISTING MORTGAGE. Delivery of the usual warranty deed conveying a marketable

title, subject to mortgage to be deducted from the purchase price. Payment of the purchase money is

to be made in cash or certified check less the amount owing upon an existing mortgage now on the

premises, with accrued interest to date of consummation, held by ___________________________

________ upon which there is unpaid the sum of approximately________________________dollars

with interest at _________________ percent, which mortgage requires payments of

_______________________________ dollars on the _________ day of each month, which

payments (DO) (DO NOT) include prepaid taxes and insurance. If the Seller has any accumulated

funds held in escrow for the payment for any prepaid items, the Purchaser agrees to reimburse the

Seller upon proper assignment of same. The Purchaser agrees to assume and pay said mortgage

according to the terms thereof.

D. SALE ON LAND CONTRACT.

(See attached Addendum to Land Contract Purchase Agreement)

Payment of the sum of_______________________________dollars in cash or certified check, and

the execution of a land contract upon a Land Contract form, acknowledging payment of that sum and

calling for the payment of the remainder of the purchase money within _____________years from

the date of contract in monthly payments of not less than ____________________________dollars

each which include interest payments at the rate of ________________percent per annum, and

which (DO) (DO NOT) include prepaid taxes and insurance.

E. SALE TO EXISTING LAND CONTRACT. If the Seller’s title to said land is evidenced by an

existing land contract with unperformed terms and conditions substantially as above set forth and the

cash payment to be made by the undersigned on consummation hereof will pay out the equity, an

assignment and conveyance of the vendee’s interest in the land contract, with an agreement by the

undersigned to assume the balance owing thereon, will be accepted in lieu of the contract proposed in

the preceding paragraph. If the Seller has any accumulated funds held in escrow for the payment of

prepaid taxes or insurance, the Purchaser agrees to reimburse the Seller upon the proper assignment

of same.

EVIDENCE OF TITLE. As evidence of title, Seller agrees to furnish Purchaser as soon as possible a

Commitment for Title Insurance issued by Fidelity National Title Insurance Company in an amount not

less than the purchase price bearing date later than the acceptance hereof with policy pursuant

thereto to be issued insuring Purchaser, or in lieu thereof, a complete Abstract of Title and Tax

History prepared by the same Company certified to a date later than the acceptance hereof.

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Offer To Purchase Real Estate

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