Real Estate PSA Draft

REAL ESTATE PURCHASE AND SALE AGREEMENT (DRAFT)

Parties and Effective Date

This Purchase and Sale Agreement ("Agreement") is made between Seller: and Buyer: . Effective Date: .

Property Identification

Purchase Price and Payment

Purchase Price: $ payable as follows: Earnest Money Deposit: $ to be delivered to Escrow Holder: within days of Effective Date.

Financing and Contingencies

This Agreement is: Contingent on Buyer obtaining financing. Loan Amount Requested: $. Interest Rate Cap: . Financing contingency to be removed within days after Effective Date. If not removed, Buyer may terminate and receive return of earnest money except as provided herein.

Inspections and Condition

Buyer shall have a general inspection period of days from Effective Date to conduct inspections and investigations of the Property. Seller shall permit reasonable access. Buyer shall provide written notice of defects within the inspection period. Seller's obligation to remedy defects, if any, shall be limited to those remedies expressly agreed in writing.

Closing and Possession

Closing Date: . Closing Location / Escrow: . Possession to Buyer on subject to occupancy exceptions noted herein.

Prorations, Closing Costs, and Title

Property taxes, rents, utilities, assessments and other customary items shall be prorated as of Closing. Seller shall deliver marketable title by general warranty deed subject only to permitted exceptions. Title policy to be paid by: . Escrow and closing costs to be allocated as follows:

Included and Excluded Items

The sale includes the following fixtures and personal property: . The following items are specifically excluded: .

Disclosures

Seller represents the following disclosures to the best of Seller's knowledge:

Lead-based paint disclosure provided — Yes   No

Known mold or moisture intrusion — Yes   No

Property located in a flood zone — Yes   No

Default and Remedies

If Buyer defaults under this Agreement, Seller may retain the earnest money as liquidated damages as Seller's sole and exclusive remedy, provided such retention is not unlawful. If Seller defaults, Buyer may seek specific performance or monetary damages. Each party's remedies are cumulative and subject to the limitations herein. Time is of the essence with respect to all dates and deadlines in this Agreement.

Brokerage and Commission

Brokerage arrangements and commission: . Parties represent they have not engaged other brokers except as disclosed above. Each party will indemnify the other from claims of undisclosed brokers or agents caused by that party's acts.

Notices

All notices under this Agreement shall be in writing and delivered to the parties at the addresses below by personal delivery, nationally recognized overnight courier, or certified mail (return receipt requested). Seller Notice Address:

Buyer Notice Address:

Insurance, Repairs, and Risk of Loss

From Effective Date until Closing, Seller shall maintain insurance and take commercially reasonable steps to preserve the Property. If material damage occurs before Closing, Buyer may elect to terminate and receive return of earnest money, or proceed to Closing with an agreed credit for repairs. Insurance and casualty proceeds allocation:

Representations and Warranties

Each party represents and warrants that it has full power and authority to enter into this Agreement, that execution and delivery have been duly authorized, and that this Agreement constitutes a valid and binding obligation enforceable in accordance with its terms. Seller further represents that there are no undisclosed material liens, lawsuits, or encumbrances except as disclosed in writing.

Dispute Resolution and Governing Law

The parties agree that disputes arising hereunder shall be resolved by . Governing law shall be the laws of the State of without regard to conflict of laws principles.

Entire Agreement; Amendments

This Agreement, together with any addenda, exhibits and written amendments signed by all parties, constitutes the entire agreement between the parties and supersedes all prior negotiations, representations, or agreements. Amendments must be in writing and signed by both parties.

Additional Provisions

Acknowledgment

Each party acknowledges that it has read this Agreement, understands its terms, and has had the opportunity to obtain independent legal advice. The parties execute this Agreement intending to be legally bound.

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