Buyer Purchase Approval Form

Buyer Purchase Approval Form

Parties and Contact Information

Buyer Name:    Phone:

Buyer Email:

Seller Name:    Phone:

Seller Email:

Property Identification

Parcel / APN:

Purchase Terms and Conditions

Purchase Price: $    Earnest Money: $

Earnest Money Release Conditions:

Contingencies

Financing Contingency: Required    Waived

Proposed Loan Amount: $    Lender:

Financing Contingency Deadline:

Inspection Contingency Period: days from mutual acceptance.

Inspection Results: Satisfied    Repairs requested (see Repair Addendum)

Closing and Possession

Proposed Closing Date:    Possession Date:

Disclosures and Acknowledgements

Lead-Based Paint Disclosure (if applicable): Yes    No

Mold, Water Intrusion or Prior Structural Damage known to Seller: Yes    No

Representations, Default and Remedies

Buyer represents that the information provided herein is true and correct, that Buyer has authority to execute this approval, and that Buyer authorizes release of earnest money as described above upon satisfaction or lawful waiver of contingencies.

If Buyer defaults in performance after acceptance, Seller may pursue remedies under the underlying purchase agreement, including retention of earnest money as liquidated damages where permitted. If Seller defaults after acceptance, Buyer may elect specific performance, termination and return of earnest money, or other remedies available at law or equity.

This Buyer Purchase Approval Form supplements and modifies the parties' underlying purchase agreement only to the extent expressly set forth herein. All other terms of the purchase agreement remain in full force and effect. This form is governed by the laws of the state where the property is located.

Additional Provisions

By signing below, Buyer confirms that contingencies identified as satisfied have been met or are expressly waived and Buyer authorizes Escrow/Title to proceed to closing in accordance with the terms set forth herein and the underlying purchase agreement.

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