Real Estate Property Signed

REAL ESTATE PURCHASE AND SALE AGREEMENT — SIGNED

PARTIES

This Purchase and Sale Agreement ("Agreement") is made between Seller: , with address at , and Buyer: , with address at . Seller and Buyer are collectively referred to as the Parties.

PROPERTY

FINANCIAL TERMS

Purchase Price: $. Buyer shall deposit earnest money in the amount of $ (the "Earnest Money") with escrow agent identified as within days after full execution of this Agreement. The Earnest Money shall be applied to the Purchase Price at Closing as set forth below.

This Agreement is subject to Buyer obtaining loan approval for financing in the principal amount of $ within days following effective date. If Buyer does not deliver written notice of loan denial prior to expiration of the contingency, Buyer shall be deemed to have waived this contingency.

Buyer shall have days from the effective date to complete all inspections and investigations. Seller shall provide reasonable access. Buyer may deliver written notice to Seller requesting repairs or rescission; if parties cannot agree in writing within days after notice, Buyer may terminate this Agreement and receive return of the Earnest Money.

The closing shall occur on or before (the "Closing Date") unless extended in writing. Possession shall be delivered to Buyer on , subject to payment of Purchase Price and prorations at Closing.

TITLE, CLOSING COSTS, AND PRORATIONS

Seller shall convey marketable title by general warranty deed free of monetary liens, except those approved in writing by Buyer. Title to be conveyed subject to recorded easements of record. Buyer shall obtain, at Buyer’s expense, an owner’s title insurance policy in the amount of the Purchase Price; Seller shall deliver any affidavits reasonably required by the title company. Taxes, assessments, rents, and utilities shall be prorated as of the Closing Date. Closing costs shall be allocated as follows: Seller pays for documentary transfer taxes and deed preparation; Buyer pays for escrow and lender fees unless otherwise agreed in writing.

STATUTORY AND CONTRACTUAL DISCLOSURES

Seller makes the following disclosures to Buyer. Check the applicable response for each category.

Yes    No    Unknown

Yes    No    Unknown

Yes    No    Unknown

REPRESENTATIONS, WARRANTIES, AND COVENANTS

Seller represents and warrants that Seller is the lawful owner of the Property, has full authority to sell, and there are no outstanding contracts for sale, judgments, or pending litigation affecting title except as disclosed in writing. Seller further warrants that all appliances and systems represented in writing will be in substantially the same condition at Closing as of the date of this Agreement, except for ordinary wear and tear. Buyer and Seller covenant to cooperate in good faith to satisfy conditions to Closing.

DEFAULT; REMEDIES

If Buyer defaults in performance of this Agreement, Seller may elect to retain the Earnest Money as liquidated damages, or pursue specific performance or other remedies at law or equity. If Seller defaults, Buyer may elect to terminate and receive a refund of the Earnest Money, seek specific performance, or pursue damages. The election of one remedy shall not preclude the pursuit of others unless finally adjudicated.

INDEMNIFICATION; RISK OF LOSS

Risk of loss remains with Seller until Closing. Seller agrees to indemnify and hold Buyer harmless from claims, liabilities, and costs arising from Seller’s breach of representations or from events occurring prior to Closing. Buyer agrees to indemnify Seller for claims arising from Buyer’s acts after possession is delivered.

NOTICES

All notices required or permitted under this Agreement shall be in writing and delivered personally, by nationally recognized overnight courier, or by certified mail, return receipt requested, to the addresses set forth above or to such other address as a Party designates by written notice. Notice is effective upon receipt.

GOVERNING LAW; ENTIRE AGREEMENT

This Agreement shall be governed by and construed in accordance with the laws of the state of . This Agreement constitutes the entire agreement between the Parties concerning the Property and supersedes all prior negotiations, representations, or agreements. No amendment shall be effective unless in writing and signed by both Parties.

ADDITIONAL TERMS

CERTIFICATION

Each signatory below certifies under penalty of perjury that the signatory is duly authorized to execute this Agreement on behalf of the Party for whom they sign, that the information provided in this Agreement is true and correct to the best of their knowledge, and that they agree to be bound by the terms set forth herein.

Sign Now