Real Estate Final Paperwork

REAL ESTATE FINAL PAPERWORK

Parties

Buyer Name:

Seller Name:

Property Identification

Purchase and Financial Terms

Purchase Price: $

Balance Due at Closing: $

Scheduled Closing Date:    Possession Date:

Escrow, Title and Closing Instructions

All conveyance documents shall be prepared consistent with the purchase terms and delivered at closing to effect a marketable fee simple transfer, subject only to permitted exceptions disclosed in writing.

Inspections, Contingencies and Disclosures

Inspection Period (days):    Inspection Contingency Removed: Yes   No

Financing Contingency Removed: Yes   No

Lead-Based Paint Disclosure Provided: Yes   No

Known Mold or Water Intrusion: Yes   No

Prior Structural or Material Damage (repairs completed or outstanding): Yes   No

Prorations, Costs and Adjustments

Property taxes, homeowner association dues, rents (if any), and other customary items shall be prorated as of the closing date. Specific prorations to be finalized on closing statement prepared by the closing agent identified above.

Condition of Property and Repairs

Seller warrants that, to Seller's knowledge, the property will be delivered at closing in substantially the same condition as at the time of the final inspection, ordinary wear and tear excepted. Any agreed repairs shall be completed in a workmanlike manner prior to closing or escrowed funds shall be set aside by agreement of the parties and the closing agent.

Representations, Default and Remedies

Seller represents and warrants that Seller has full authority to convey the property and that there are no undisclosed liens, encumbrances or legal actions affecting title other than those disclosed in writing. Buyer represents that Buyer has authority to complete the purchase and will tender required funds at closing.

In the event of default by either party, the non-defaulting party shall have all remedies available at law or in equity, including specific performance and recovery of damages and costs, in addition to any contractual remedies set forth in this document. Any deposit held in escrow may be disbursed according to written escrow instructions or by agreement of the parties, subject to applicable law.

Governing Law and Miscellaneous

This agreement shall be governed by and construed in accordance with the laws of the state in which the property is located. Venue for any dispute arising hereunder shall be in the appropriate court located in that state. Time is of the essence in all dates and deadlines set forth in this document.

This instrument constitutes the entire agreement of the parties with respect to the subject matter hereof and supersedes all prior negotiations, understandings and agreements. No amendment shall be effective unless in writing signed by both parties.

Acknowledgement and Final Certifications

Buyer and Seller each certify that they have read and understand the terms set forth in this Final Paperwork and that all material terms have been fully disclosed. Each party acknowledges receipt of all required disclosures and documents necessary to proceed to closing unless otherwise noted in writing below.

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