Real Estate Property Paperwork

REAL ESTATE PROPERTY PAPERWORK

Parties and Effective Date

This Real Estate Purchase Agreement (the "Agreement") is entered into between Seller Name: and Buyer Name: . The parties agree that this Agreement is effective on the date set forth below: Effective Date: .

Property Identification

Purchase Terms

Purchase Price: $. Buyer shall pay earnest money in the amount of $ (the "Earnest Money") to Escrow Agent within days of mutual execution.

Financing Contingency: Seller acknowledges that Buyer's obligation is conditioned upon Buyer obtaining financing as described in Financing Addendum: Check if financing contingency applies. If applicable, financing must be obtained within days.

Buyer shall have days from opening of escrow to conduct inspections. If defects are disclosed, Seller shall have the option to repair or credit as set forth in the Inspection Resolution: Seller to repair Seller to credit.

Closing Date: Closing shall occur on or before , unless extended by mutual written agreement.

Possession Date: Possession shall be delivered to Buyer on , subject to Seller's performance of agreed repairs and clearance of title.

Disclosures

Lead-Based Paint: Seller certifies: Known lead-based paint hazards: Yes No.

Mold or Water Intrusion: Seller discloses history of mold or water intrusion: Yes No. If Yes, describe:

Prior Structural Damage or Repair (including fire, flood, termite): Yes No. If Yes, describe:

Homeowners' Association (HOA): Property subject to HOA rules: Yes No. If Yes, provide contact and dues:

Representations, Warranties, and Risk of Loss

Seller represents and warrants that Seller is the lawful owner, has authority to convey marketable title, and that, except as disclosed in this Agreement, there are no material liens, assessments, or encumbrances not previously disclosed. From the Effective Date until closing, Seller shall maintain the property and insurance in the ordinary course and shall be responsible for loss or damage until possession is delivered to Buyer.

Default, Remedies, and Indemnity

If Buyer fails to perform, Seller may retain the Earnest Money as liquidated damages or seek specific performance if equitable relief is necessary; such remedies shall be cumulative unless otherwise agreed in writing. If Seller fails to deliver marketable title or breaches a material covenant, Buyer may elect specific performance or termination with a refund of Earnest Money. Parties agree that any claim for breach shall be governed by the limitation on consequential damages set forth herein.

Insurance and Taxes

Seller shall maintain casualty insurance until closing. All real estate taxes, assessments, and utilities shall be prorated as of the date of closing, unless otherwise agreed in writing.

Miscellaneous Provisions

Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the State of .

Entire Agreement: This Agreement, together with any executed addenda and exhibits, constitutes the entire agreement between the parties and supersedes all prior negotiations and understandings. Amendments must be in writing and signed by both parties.

Attorney Fees: In the event of litigation to enforce this Agreement, the prevailing party shall be entitled to recover reasonable attorneys' fees and costs as determined by a court of competent jurisdiction.

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