Real Estate Proposal for River Falls

REAL ESTATE PROPOSAL FOR RIVER FALLS

Proposal Date:    Buyer Name:    Buyer Contact Phone:

Property Identification

Parties

Offer and Purchase Terms

Purchase Price: $    Earnest Money: $    Earnest Money Payable To:

Earnest Money Delivery Deadline (calendar days after acceptance):    Closing Date:    Proposed Possession Date:

Financing Contingency Required: Yes    No    If yes, Loan Amount: $    Financing Commitment Deadline:

Inspection Period (number of days after acceptance):    Inspection Expiration Date:

Seller shall convey by free of all encumbrances except permitted exceptions.

Title Insurance: Buyer to obtain at Buyer's expense    Seller to provide

Closing Costs Allocation: Buyer pays    Seller pays    Other:

Disclosures and Property Condition

Lead-Based Paint Disclosure Applicable: Yes    No

Known Mold or Water Intrusion: Yes    No

Prior Structural Damage or Major Repairs: Yes    No

Risk Allocation; Default; Remedies

Time is of the essence for all dates set forth in this Proposal. If Buyer fails to timely perform obligations under an accepted contract, Seller may retain the earnest money as liquidated damages and pursue any additional remedies available at law or equity. If Seller fails to deliver title or convey the property as required, Buyer may elect specific performance or termination with return of earnest money. The parties acknowledge these remedies are reasonable and necessary.

All inspections, representations of condition, and warranties shall survive closing to the extent specified in any contract resulting from acceptance of this Proposal. Buyer takes the property in its present condition except as expressly agreed otherwise in writing.

Additional Terms

Broker/Agent Representations: Agent Name:    License #:

Acceptance and Binding Effect

This Proposal shall remain irrevocable until unless earlier withdrawn in writing by Buyer. Acceptance by Seller must be communicated in writing and signed by Seller to create a binding purchase contract.

Governing Law: This Proposal and any resulting contract shall be governed by the laws of the state in which the Property is located.

Entire Agreement: If accepted, the terms of this Proposal together with any prescribed addenda and closing documents constitute the entire agreement between Buyer and Seller with respect to the Property and supersede all prior negotiations and understandings.

Acknowledgment

Buyer acknowledges that Buyer has had the opportunity to inspect the Property, to obtain independent legal and financial advice, and that Buyer is executing this Proposal voluntarily and with full authority.

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