Real Estate Buyer's Offer

Real Estate Buyer's Offer

WHEREAS

WHEREAS, Buyer Name: (hereinafter "Buyer") offers to purchase from Seller Name: (hereinafter "Seller");

WHEREAS, the property subject to this Offer is located at: and is more particularly described as: .

WHEREAS, this Offer is submitted on Offer Date: and is subject to the terms and conditions set forth below.

OFFER AND PURCHASE TERMS

Closing Date: . Possession to be delivered: .

SCOPE OF WORK

CONTINGENCIES AND INSPECTIONS

Buyer’s obligation to close is conditioned upon the following (check applicable):

Financing contingency (loan approval). If checked, loan amount:

Inspection contingency. Inspection period: calendar days from Effective Date. Buyer may terminate or demand repairs in writing within that period.

PAYMENT TERMS

Buyer will pay the Purchase Price as follows: earnest money as set forth above, balance by certified funds or wire transfer at closing unless otherwise agreed in writing. Closing costs and prorations:

Late payment or failure of Buyer to perform monetary obligations prior to closing shall accrue interest at % per annum from the date due until paid, to the extent permitted by law.

TITLE, CLOSING, AND PRORATIONS

Title shall be conveyed free and clear of liens and encumbrances except those approved by Buyer in writing. Taxes, assessments, utilities and rent will be prorated as of the Closing Date.

TERM AND TERMINATION

This Offer is effective as of Effective Date: and will expire if not accepted in writing by Seller on or before Offer Expiration Date: . Either party may terminate this Offer in accordance with the contingencies set forth above by providing written notice to the other party.

Notice period for termination or cure (if applicable): calendar days.

CONFIDENTIALITY

The parties agree that the terms and existence of this Offer are confidential and shall not be disclosed to third parties except as required by law, to professionals retained to effectuate this transaction, or as reasonably necessary to obtain financing. Breach of confidentiality shall entitle the non-breaching party to injunctive relief and any other remedies available at law or in equity.

GOVERNING LAW

This Offer and any resulting purchase agreement shall be governed by and construed in accordance with the laws of the State of , without regard to principles of conflicts of law.

ENTIRE AGREEMENT

This Offer constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior negotiations, understandings, or agreements, whether written or oral. Any amendment to this Offer must be in writing and signed by both Buyer and Seller.

ADDITIONAL PROVISIONS

Acceptance: Seller’s written acceptance must be delivered to Buyer at the address specified below prior to the Offer Expiration Date. Electronic signatures are permitted if mutually agreed in writing.

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