FA Signature Real Estate

FA Signature Real Estate

This FA Signature Real Estate Agreement ("Agreement") is made effective as of by and between the parties identified below for the purchase and sale of the real property described herein. This Agreement memorializes material terms, conditions, contingencies, and certifications necessary to effectuate closing.

Parties

Property Identification

Financial Terms

Purchase Price: $   Earnest Money Deposit: $   Deposit Due Within:

Closing Date:   Possession Date:   Prorations to be computed through:

Buyer Financing Contingency: days from effective date. Appraisal Contingency: Approved    Inspection Contingency: Approved

Inspections, Disclosures, and Certifications

Buyer shall have the right to conduct, at Buyer’s expense, inspections of the Property during the inspection period set forth above. Seller agrees to provide reasonable access and to disclose known material defects. If Buyer provides written notice of unsatisfactory conditions within the inspection period, Seller may elect to cure, provide credit, or the parties may terminate as provided in this Agreement.

Lead-based paint disclosure required for properties constructed prior to 1978: Yes No

Mold or water intrusion known: Yes No

Prior material structural damage or unrepaired hazards: Yes No

Default, Remedies, and Liquidated Damages

If Buyer fails to timely close in breach of this Agreement and Seller is ready, willing and able to close, Seller may retain the earnest money as liquidated damages as Seller’s sole and exclusive remedy unless otherwise agreed in writing. If Seller fails to convey marketable title as required, Buyer may seek specific performance or terminate and recover earnest money and reasonable costs. Remedies are cumulative and subject to the limitations and procedures set out in this Agreement.

Allocation of Closing Costs and Utilities

Unless otherwise agreed, customary closing costs will be allocated as follows: Seller shall pay for conveyancing, state documentary transfer taxes, and seller’s title charges; Buyer shall pay lender charges, recording fees, and buyer’s title charges. Utilities and HOA fees shall be prorated through the possession date.

Notices

Notices required by this Agreement must be in writing and delivered by hand, nationally recognized overnight courier, or certified mail to the addresses set forth above and are effective upon receipt.

Representations, Warranties and Covenants

Seller represents and warrants that Seller is the legal owner of the Property and has full right and authority to sell. Seller further warrants there are no undisclosed liens, assessments, or violations known to Seller except as expressly disclosed in writing. Buyer represents that Buyer has the capacity to complete the purchase and will provide all required funds at closing.

General Provisions

Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the state where the Property is located. Venue for any action shall be in the county of the Property.

Entire Agreement: This Agreement, including any addenda and exhibits executed by the parties, constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements, whether written or oral. No amendment is effective unless in writing and signed by both parties.

Assignment: Neither party may assign its rights or obligations under this Agreement without the prior written consent of the other party, except that Buyer’s lender may assign its rights in connection with financing approvals.

Survival: Representations, warranties and covenants that by their nature should survive closing shall survive for a period of one year after closing unless otherwise required by law.

Acknowledgment

Each party acknowledges receipt of a fully executed copy of this Agreement and certifies that the person signing below is authorized to execute this Agreement on behalf of the party identified.

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