Contract For Purchase Of Residence Or Other Real Estate printable pdf download

Contract For Purchase Of Residence Or Other Real Estate

CONTRACT FOR PURCHASE OF RESIDENCE OR OTHER REAL ESTATE

THIS CONTRACT is made on the _____ day of ____________, 20__ by and between

________________________________ (Seller) whose address is

________________________________________________________________ and

________________________________ and/or assigns (Buyer) whose mailing address is

______________________________________________________________________.

THE PARTIES AGREE AS FOLLOWS:

1. PURCHASE AND SALE: The Seller agrees to sell and the Buyer agrees to buy the

property located at:

________________________________________________________________________

together with all ﬁxtures, landscaping, improvements, and appurtenances, all being

hereinafter collectively referred to as the “Property.”

2. PURCHASE PRICE: $ __________________________________________________

TERMS:

________________________________________________________________________

3. PRORATIONS: Real property taxes will be prorated based on the current year's tax

without allowance for discounts, including homestead or other exemptions. Rents (if

applicable) will be current and be prorated as of the date title transfers.

4. DEFECTS: Seller warrants Property to be free from hazardous substances and from

violation of any zoning, environmental, building, health or other governmental codes

or ordinances. Seller further warrants that there is no material or other known defects

or facts regarding Property, which would adversely affect the value of Property.

5. NO JUDGMENTS: Seller warrants that there are no judgments threatening the equity

in Property, and that there is no bankruptcy pending or contemplated by any titleholder.

Seller will not further encumber Property and an afﬁdavit may be recorded at Buyer's

expense putting the public on notice that the closing of this contract will extinguish

liens and encumbrances hereafter recorded.

Contract For Purchase Of Residence Or Other Real Estate