Real Estate First Offer

REAL ESTATE FIRST OFFER

This First Offer ("Offer") is submitted by the undersigned Buyer to the Seller for the purchase of the Property described below on the terms set forth herein. This Offer is binding on the Buyer upon the Buyer’s signature and delivery to the Seller, subject to the contingencies and conditions set forth in this document. If accepted by the Seller in writing on or before the Offer expiration, this Offer shall constitute a binding contract for the sale of the Property.

Parties

Property Identification

Offer Terms

Earnest money to be deposited with Escrow Agent: , Address:

Earnest deposit due no later than:

Cash Conventional FHA VA Other:

Financing contingency period (number of days after acceptance to obtain financing):

Inspection contingency period (number of days after acceptance to complete all inspections):

Proposed Closing Date:    Possession Date:

Inclusions and Exclusions

The following items are included in the Purchase Price unless specifically excluded below:

Refrigerator Washer Dryer Light Fixtures Window Treatments

Disclosures

The Seller represents and the Buyer acknowledges the following known conditions (check one for each):

Lead-based paint known? Yes No

Mold or water intrusion known? Yes No

Prior structural or fire damage known? Yes No

Boundary or easement dispute known? Yes No

Material defects affecting habitability known? Yes No

Conditions, Contingencies & Remedies

This Offer is expressly contingent upon the Buyer’s approval of title, survey and physical condition of the Property within the inspections period and, if applicable, the Buyer’s ability to obtain financing on the terms stated above. Seller shall provide evidence of marketable title at or prior to closing, subject only to permitted encumbrances. Title to be conveyed by general warranty deed (or equivalent) free of all liens and encumbrances except those accepted in writing by Buyer.

If Buyer timely terminates under a permitted contingency, Buyer shall be entitled to the return of the earnest money in full. If Buyer fails to close except as permitted in this Offer, Seller may retain or pursue earnest money remedies and other remedies permitted by law. If Seller materially breaches after acceptance, Buyer may seek specific performance or damages as permitted by law.

Closing costs, escrow fees, title insurance premiums, transfer taxes, and prorations of property taxes and utilities shall be allocated as follows:

Seller shall maintain the Property in substantially the same condition as of the date of this Offer until closing, reasonable wear and tear excepted. No major alterations or repairs shall be undertaken by Seller without Buyer’s prior written consent except as required by law.

Offer Expiration and Acceptance

This Offer shall expire if not accepted in writing by the Seller on or before: at . Acceptance must be delivered in writing to the Buyer at the contact information provided herein.

Governing Law; Entire Agreement

This Offer, if accepted, shall be governed by the laws of the State in which the Property is located. This Offer constitutes the entire agreement between the parties with respect to the matters described herein and supersedes all prior negotiations and agreements, whether written or oral, except as expressly incorporated by reference.

Buyer Acknowledgement

By signing below, Buyer certifies that Buyer has read and understands the terms of this Offer, that the representations in this Offer are true and correct to the best of Buyer’s knowledge, and that Buyer has authority to bind Buyer to this Offer. Initials:

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