Real Estate Sales And Purchase Contract


STATE OF Illinois
1. PARTIES: _______________________________________________________________________ (Seller) agrees to
sell and convey to __________________________________________________________________
____________________ (Purchaser), and Purchaser agrees to buy from Seller the Property described below.
2. PROPERTY: (a) Address: 5 Woodhaven Estates and adjacent treed parcel , Metropolis, IL 62960 or more
specifically recorded in Deed Book 310, Page 537 as described in the plot attached to the property disclosure sheet. (b)
Improvements and accessories: The house, garage and all other fixtures and improvements attached to the above-
described real property, including without limitation, the following permanently installed and built-in items, if any: all
equipment and built-in appliances, shutters, wall-to-wall carpeting, permanently attached mirrors, ceiling fans, attic fans,
mail box, heating and air-conditioning units, fire detection equipment, wiring, plumbing and lighting fixtures, chandeliers,
water heating system, kitchen equipment, garage door openers, shrubbery, landscaping, and all other property owned by
Seller and attached to the above described real property. (c) Accessories: The following described related accessories, if
any: curtains and rods, blinds, window shades, draperies and rods, controls for garage door openers, door keys and
artificial gas fireplace log.
For and in consideration of the mutual promises herein contained, the Seller agrees to sell and the Buyer agrees to
purchase real property referenced above, together with all improvements thereon, plus all attached personal property, and
the following unattached personal property:
The land, improvements and accessories are collectively referred to as the "Property".
3. PURCHASE PRICE: The Total Price shall be $___________________ payable as follows:
Earnest money: (Receipt of which is hereby acknowledged) $___________________ which will be deposited with the
Seller. Said earnest money shall be credited to the Buyer at the time of closing. In the event of default by Seller, said
earnest money shall be returned to the Buyer. In the event of default by Buyer, Seller may retain said earnest money as
liquidated damages.
Cash or certified funds due at closing: $___________________. Buyer represents that the cash is available and agrees
that this contract is not contingent upon the receipt of said cash from any source.
4. FINANCING: The portion of Sales Price not payable in cash will be financed through a conventional mortgage loan in
the total amount of $___________________. If the Property does not satisfy the lenders' underwriting requirements for
the loan(s), this contract will terminate and the earnest money will be refunded to Purchaser. Buyer agrees to apply for
said mortgage within _______ days of the date of this contract and agrees to proceed with due diligence to obtain said
financing. Buyer agrees to pay all costs associated with obtaining said financing. In the event said finances cannot be
obtained after Buyer’s good faith efforts, this contract may be terminated by the buyer in such event the Buyer’s earnest
money will be returned
5. TITLE INSURANCE: Seller agrees to furnish to Purchaser a standard form title insurance commitment, issued by a
company qualified to insure titles in Kentucky, in the amount of the purchase price, insuring the mortgagee against loss
on account of any defect or encumbrance in the title, unless herein excepted; otherwise, the earnest money shall be
refunded. Said property is sold and is to be conveyed subject to any mineral and mining rights not owned by the
undersigned Seller and subject to present zoning classification.
6. PRORATIONS & HAZARD INSURANCE: The taxes, as determined on the date of closing, are to be prorated between
Seller and Purchaser as of the date of closing. Seller shall keep in force sufficient hazard insurance on the property to
protect all interests until this sale is closed and the deed delivered. If the property is destroyed or materially damaged
between the date hereof and the closing and Seller is unable or unwilling to restore it to its previous condition prior to
closing, Purchaser shall have the option of canceling the contract and receiving back the earnest money, or accepting the
property in its damaged condition, any insurance proceeds otherwise payable to Seller by reason of such damage shall be
applied to the balance of the purchase price or otherwise be payable to Purchaser.


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