Purchase Agreement (Page 3 of 9) in pdf

______________________________________________________________________________________________

Buyer_______/_______and Seller_______/_______by initialing acknowledges they have read this page.

2 of 7

Rev.4/29/11

III.

CLOSING AND POSSESSION: Closing shall be on or before______________________ , 20_______ and

¨

possession to be given at time of closing or on (date) _______________, 20______, at _______

a.m.

p.m. and

adjustment of interest, taxes, insurance and rents to be made on this date. All property including keys, alarm/garage

codes, and garage door remotes shall be delivered to Buyer at time of possession.

Escrow/Closing Company to be: ____________________________________________________________________

IV.

CONDITION OF PROPERTY: The property as of the date of this agreement including buildings, grounds, and all

improvements will be preserved by the Seller in its present condition until possession, ordinary wear and tear excepted.

The Buyer shall be permitted within ______ calendar days to make a final walk through inspection of the property prior to

possession or closing, whichever is sooner, in order to determine that there has been no material change in the condition

of the property.

A. INCLUDED PROPERTY: All property that integrally belongs to, is specifically adapted to, or is part of the real

estate (except rental items), that is attached, such as wall to wall carpeting, vinyl, light fixtures, bulbs, ceiling

fan(s), mirrors, shelving, shades, rods, blinds, awnings, shutters, storm windows, storm doors, screens, plumbing

fixtures, automatic heating equipment, air conditioning equipment (except window), door chimes, alarm devices,

built-in items, electrical service cable, garage door opener and control(s), other attached fixtures, radio and/or

attached TV receiving equipment, fencing, trees, bushes, shrubs, plants, garden bulbs, water heaters and

softeners,

sump pumps, attached or fitted floor coverings, installed security systems, central vacuum systems and

accessories, in-ground lawn sprinkler systems and component parts, built-in appliances, fireplace screen, fire grate

and attached equipment, appurtenant structures or equipment, and storage buildings shall be considered a part of

real estate and included in this sale. All items noted on the Seller’s Disclosure of Property Condition Report,

dated _______________, 20____ to remain, unless so noted in section B. Also to include _______________

__________________________________________________________________________________________

B. PERSONAL PROPERTY AND DEBRIS: Seller agrees to remove all debris and all personal property not

included herein from the property by possession date unless there is a prior written agreement by all parties.

Additional personal property and rental items to be removed include: (i.e. water softener, LP or other gas

tank):____________________________________________________________________________________

_________________________________________________________________________________________

C. PROPERTY INSPECTIONS: Within _____ calendar days after the final acceptance date, Buyer may at Buyers

expense, have the property inspected by a person or persons of their choice to determine if there are (1) safety or

environmental deficiencies; or (2) structural, mechanical, plumbing, electrical or other deficiencies.

These inspections are not to be construed as inspections to bring a home into compliance with the current

local building codes. Seller shall not be required to bring a home into compliance with current building

codes unless property was built when current codes were in effect. Within the same period, the Buyer’s agent

shall

notify the Seller’s agent in writing, of deficiencies the Buyer requests to have the Seller correct. The Seller’s agent

shall notify the Buyer’s agent in writing within 5 calendar days or ____________ (days) of what steps, if any, the

Seller will take to correct the deficiencies prior to closing. The Buyer’s agent shall notify the Seller’s agent in writing

within 2 calendar days or __________ (days) that (1) such steps are acceptable, in which case the agreement as

so modified shall be binding upon all parties, or (2) that such steps are not acceptable, in which case the

agreement may be voided and any earnest money shall be returned to Buyers upon signed release of all

parties. In the event the inspection is not completed within the specified time frame, the Buyer

acknowledges that the Buyer is accepting the property in its existing condition.

¨

1. Buyer selects property inspection to determine the material physical condition of the house, land,

improvements, fixtures, equipment, any additional structures and any hazardous conditions on the real

estate. This offer is contingent upon these inspections.

¨

2. See attached Additional Inspections Addendum. This offer is contingent upon the attached additional

inspections addendum.

¨

3. See attached Septic System and Repair Addendum. (Inspection report required at the time of

transfer).

¨

4. Buyer has been advised of the availability of property inspections but Buyer waives the real estate

Purchase Agreement Page 3

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