Real Estate Purchase And Sale Agreement Template printable pdf download

Real Estate Purchase and Sale Agreement

NOTICE: This is a legal and binding Agreement for the purchase and sale of property. It is appropriate for most BUT NOT ALL such transactions. If this form does not

appear to either Buyer or Seller to be appropriate for a particular transaction, you are urged to discuss the purchase or sale with an attorney BEFORE YOU SIGN. Most,

but not all, provisions of this Agreement are subject to negotiation prior to execution.

1. THIS Agreement to buy and sell real property is made between:

SELLER: ___________________________________________________________________________________________________________________

(Names of Sellers)

hereinafter referred to as “Seller”

SS/Tax ID (Optional)

ADDRESS: _________________________________________________________________________________________________________________

(Address of Sellers)

Town/City

State

ZIP

BUYER: ___________________________________________________________________________________________________________________

(Names of Buyers)

hereinafter referred to as “Buyer”

SS/Tax ID (Optional)

ADDRESS: _________________________________________________________________________________________________________________

(Address of Buyers)

Town/City

State

ZIP

Seller agrees to sell and Buyer agrees to buy for the purchase price and upon the terms and conditions stated herein the real property with all buildings and other

improvements thereon and all appurtenances thereto, in the same condition as they were on the date of Buyer’s signature, reasonable wear and tear excepted.

2. REAL PROPERTY TO BE PURCHASED:

a) Street Address: ______________________________________________________________________________________________________

b) City/Town: ______________________________________________STATE _______________________________ ZIP____________________

c) Described as: _________________________________________________________________________________________________________

3. INCLUDED IN SALE PRICE: The Real Property shall include all items permanently attached to the property on the date Buyer signed this Agreement and: all screens,

storm windows, TV antenna, awnings. security, fire and smoke alarms, garage door openers with controls, venetian blinds, curtain/drapery rods, wall to wall carpet,

plumbing and heating fixtures (except portable heaters or rented water heaters), light fixtures, shrubbery and plants. Unless mentioned below, all personal property is

excluded.

ADDITIONAL PERSONAL PROPERTY, if any, to be included:

_______________________________________________________________________________________________________________________________________

There is no leased personal property except:

____________________________________________________________________________________________________________________

4. PURCHASE PRICE $ ____________________________, payable as follows:

a) By initial Deposit submitted herewith receipt of which is hereby acknowledged…………………………………………..$_________________________________

b) By additional Deposit due upon Sellers Acceptance………………………………………………………………………….$_________________________________

c) By Proceeds of: Financing as specified in paragraph 6 below……………………………………………………………….$_________________________________

d) By________________________________________________________...........................…………………………….$_________________________________

e) Balance to be paid by certified check or bank check at Closing…. …………………………………..……………………. $_________________________________

TOTAL PRICE TO BE PAID (Must equal “Purchase Price”)……………………………………………… $_________________________________

5. DEPOSITS: The Deposit(s) specified above shall be made at the stated times. All Deposits shall be made by check, payable to the Listing Broker or the attorney/title

company conducting the closing. All checks are subject to collection and failure of collection shall constitute a default. Except at time of dosing, when the deposit shall be

delivered to Seller or Seller’s designee, the Listing Broker shall not pay the Deposit to anyone without the written consent of all parties to this Agreement. In the event any

deposit funds payable pursuant to this Agreement are not paid by Buyer, Seller may give written notice of such failure to Buyer. If such notice is given and a period of 3

(three) days pass without Buyer paying the Deposit owed, Seller may declare Buyer in default and shall have the remedies set forth in Paragraph 14.

6. FINANCING CONTINGENCY:

a) Amount $______________________________;

b) Maximum Initial Interest Rate _______%

c) Term:

_ years; d) Commitment Date:________________________

e) Type: ____Conventional Fixed

____Variable ____FHA

____VA

____CHFA

____Other__________________________________________________

Buyer’s obligation is contingent upon Buyer obtaining financing as specified in this paragraph. Buyer agrees to apply for such financing immediately and diligently pursue

a written mortgage commitment on or before the Commitment Date.

f). If Buyer is unable to obtain a written commitment and notifies Seller in writing by 5:00 PM on said Commitment Date, this Agreement shall be null and void and any

Deposits shall be immediately returned to Buyer. Otherwise, the Financing Contingency shall be deemed satisfied and this Agreement shall continue in full force and

effect.

7. CONDITION OF PREMISES: Buyer represents that Buyer has examined the property and is satisfied with the physical condition subject to the Inspection Contingency if

applicable. Neither Seller nor any representative of the Seller or Buyer has made any representation or promise other than those expressly stated herein which Buyer has

replied upon in making this Agreement.

8. INSPECTION CONTINGENCY:

a) Inspections shall be completed and results reported to Seller on or before 5:00 P.M. on:_________________________________________

b)Seller agrees to permit Buyer’s designees to inspect the real property during the period from Seller’s acceptance until the date set forth in (a) above. If Buyer is not

satisfied with the physical condition of the real property, and so notifies Seller in writing prior to the date specified in (a) above, then Buyer may at Buyer’s option terminate

this Agreement. Buyer may give Seller the option to correct the conditions that are unsatisfactory to the Buyer. Should Buyer elect to terminate this Agreement or Seller is

unwilling to correct any unsatisfactory conditions the Buyer shall notify Seller on or before 5:00P.M. on:______________________ of Buyer’s election to terminate this

Agreement and if terminated this Agreement shall be null and void and any deposit monies paid hereunder shall be returned immediately to Buyer and neither Buyer nor

Seller shall have any claims against each other under the terms of this Agreement. If Buyer fails to notify Seller as provided herein, this contingency shall be deemed

satisfied and this Agreement shall continue in full force and effect.

c) If initiated below, Buyer does NOT choose to have any inspections performed and WAIVES any rights to object to any defects in the property that would have been

disclosed by a full and complete inspections.

Initials___________________________

Page ___ of ____

Real Estate Purchase And Sale Agreement Template

Related Articles

Related forms

Related Categories