Purchase Agreement (Page 2 of 2) in pdf

within _____(Example: 10 days) days after acceptance of this contract days thereafter. Inspections are to be made at BUYER’S expense with inspectors

selected by Buyer.

If buyer does not deliver a written statement specifying those items shown in the inspection report which are unacceptable to Buyer by 8:00

p.m._______________(Suggestion: 11 days after the acceptance of this contract – write in actual date), the property shall be deemed to be acceptable to

Buyer and the Buyer deemed to be buying the property in “AS IS” condition and this inspection is no longer a contingency of this contract.

_____ Buyers hereby waive all inspections, relies solely upon the buyer’s examination of the property and releases seller from any and all liability relating

to any defect or deficiency affecting the property and acknowledge they are buying the property in “AS IS” condition. This waiver shall survive the

closing. Inspections required by FHA, VA or buyer’s lender do not necessarily eliminate the need for other inspections.

Buyer further agrees that Buyer is not relying on any representation or statement made by Seller regarding any aspect of the premises of this sale

transaction, except as may be expressly set forth in this Agreement, a written amendment to this Agreement, or a disclosure statement separately signed by

the Seller.

UTILITY BILLS: Seller is responsible for all water/sewage and other utility bills up to the date possession is surrendered.

DEPOSIT: Buyer deposits $__________________ in the form of __________________showing good faith. This money, which will be applied to the

sales price, will be deposited with _____(the seller) OR _____(Premier Lakeshore Title). If the conditions/contingencies in this contract cannot be met,

Seller will refund the deposit or authorize Premier Lakeshore Title, to refund the deposit. The transaction is subject to an Escrow Agreement executed

between the parties. Upon refund of the earnest money deposit, the parties agree that they will execute a Mutual Release of Buy & Sell Agreement,

releasing each party from this contract and noting the amount and the party that the earnest money deposit is going to. The parties further agree that upon

the return of the earnest money deposit, this agreement will be terminated and the Seller is free to market and sell the property to any other buyer.

BINDING AGREEMENT: Buyer and Seller agree that this offer when signed by both Buyer and Seller does constitute a legal binding agreement.

DEFAULT: If Buyer defaults, Seller may enforce this contract or may cancel the contract and keep the deposit. If Seller defaults, Buyer may enforce this

contract or may demand and receive a refund of the deposit in full termination of this agreement.

HEIRS AND SUCCESSORS: This contract binds, Buyer, Seller, their personal representatives and heirs and anyone succeeding to their interest in the

property. Buyer shall not assign this contract without Seller’s prior written permission.

STATE AND COUNTY REAL ESTATE TRANSFER TAX: The Seller will be charged at closing for the county real estate transfer tax/revenue

stamps ($1.10 per $1,000.00 or increment thereof of Sale Price) and the state real estate transfer tax ($7.50 per $1,000.00 or increment thereof of Sale

Price) at the time of closing (if any transfer taxes apply to this transaction) and in addition to any other closing costs.

OTHER CONDITIONS:

____________________________________________________________________________________________________

ENTIRE AGREEMENT: Time is of the essence. Buyer and Seller agree that this agreement constitutes the entire understanding and agreement

between the parties and that there are no other agreements, written or oral and that they have reviewed it. This Agreement may be modified ONLY in

. IF YOU DO NOT UNDERSTAND THE TERMS AND CONDITIONS OF THIS

writing signed by all parties

AGREEMENT, YOU SHOULD SEEK LEGAL ADVICE BEFORE YOU SIGN BELOW.

BUYER(S) SIGNATURE(S) (AS NAMES ARE TO APPEAR ON TITLE). Buyer has received a copy of this contract.

Signature:_________________________________________________________________________Date:________________________________

Print Name:_________________________________Home Phone:___________________________Work Phone:___________________________

Buyers Address:_________________________________________________________________________________________________________

Signature:_________________________________________________________________________Date:________________________________

Print Name:________________________________Home Phone:_____________________________Work Phone:__________________________

Buyers Address:_________________________________________________________________________________________________________

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SELLER(S) ACCEPTANCE: ____Seller accepts this contract (as written). OR ____ Seller’s have signed below, but this agreement is subject to AN

ADDENDUM TO THIS PURCHASE AGREEMENT, ATTACHED AND MADE A PART OF THIS AGREEMENT.

SELLER(S) SIGNATURE(S):

Signature:________________________________________________________________________Date:___________________________________

Print Name:________________________________Home Phone:____________________________Work Phone:_____________________________

Sellers Address:___________________________________________________________________________________________________________

Signature:________________________________________________________________________Date:___________________________________

Print Name:________________________________Home Phone:____________________________Work Phone:_____________________________

Sellers Address: ___________________________________________________________________________________________________________

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DISCLAIMER: This purchase agreement is provided as a service of Premier Lakeshore Title Agency. All parties should review both the form and

specific content to ensure that each section is correct and appropriate for the transaction. Premier Lakeshore Title Agency is not responsible for

alterations or additions to this document, for any error regarding the terms of the transaction based upon information supplied by the parties, for

misrepresentations made by any party, or for warranties made by any party in connection with the transaction.

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