Buyer Closing Document Template

BUYER CLOSING DOCUMENT TEMPLATE

This Buyer Closing Document (the "Agreement") memorializes the terms and conditions for conveyance of the real property described below and the obligations of the parties at closing. Parties agree as follows:

Parties

Buyer Name:

Seller Name:

Property Identification

Purchase Terms and Consideration

Purchase Price: $    Earnest Money: $    Earnest Money Held By:

Deposit Date:    Balance Due at Closing: $

Buyer to obtain financing: Yes    No    If yes, loan amount: $    Interest Rate:

Inspections and Contingencies

Inspection Period (calendar days from effective date):    Buyer may terminate if defects not cured: Yes    No

Closing, Possession and Adjustments

Closing Date:    Possession Date:

Title, Survey and Deed

Seller shall deliver marketable title by general warranty deed: Yes    No

Closing Deliverables

Seller to deliver at closing: deed conveying title, executed affidavits, payoff statements for liens, evidence of compliance with local ordinances, keys/garage openers, and other customary documents. Buyer to deliver: funds required to close, executed loan documents (if applicable), and proof of homeowner's insurance as required by lender.

Disclosures

Lead-Based Paint (for properties built before 1978): Yes    No

Known Mold or Water Intrusion: Yes    No

Prior Material Structural Damage / Repairs: Yes    No

Representations, Warranties and Covenants

Seller represents and warrants that Seller is the lawful owner of the Property with authority to convey, that no material undisclosed liens or encumbrances exist except those disclosed in this Agreement, and that there are no pending actions that would affect marketable title except as disclosed. Buyer represents that Buyer has the authority to perform under this Agreement and will perform its obligations at closing.

Default and Remedies

If Buyer fails to perform, Seller may retain earnest money as liquidated damages or pursue specific performance or other remedies permitted by law. If Seller fails to convey marketable title or perform, Buyer may terminate and receive return of earnest money, pursue specific performance, or seek damages. Remedies are cumulative except where expressly limited herein.

Governing Law; Entire Agreement

This Agreement shall be governed by the laws of the state in which the Property is located. This Agreement, including any exhibits or addenda executed contemporaneously, constitutes the entire agreement between the parties with respect to the subject matter and supersedes all prior negotiations and agreements, whether written or oral.

Certification by Parties

Each party acknowledges that they have read this Agreement, had the opportunity to consult with counsel, and certify under penalty of perjury that the information provided in this document is true and correct to the best of their knowledge.

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