Real Estate Purchase Packet

REAL ESTATE PURCHASE PACKET

Parties

Buyer Name:

Seller Name:

Property Identification

Purchase Terms

Purchase Price: $

Earnest Money Deposit: $ payable to within days of mutual acceptance.

Financing Contingency Period: days from mutual acceptance. If Buyer fails to secure financing within this period, Seller may terminate or elect to proceed under other remedies provided herein.

Closing Date: . Possession to Buyer on unless otherwise agreed in writing.

Inspections and Due Diligence

Buyer shall have a physical inspection period of days from mutual acceptance to complete inspections, investigations, and tests. Seller shall provide reasonable access. Buyer may request repairs or terminate the Agreement in accordance with the contingency language herein.

Title, Escrow and Closing Costs

Seller shall provide marketable title by delivery of a standard owner’s policy of title insurance at closing. Title objections must be delivered no later than days prior to closing.

Prorations for property taxes, assessments, rents, and homeowner association dues shall be made as of the closing date, based on customary local practice.

Representations, Warranties and Disclaimers

Seller represents that to Seller’s actual knowledge the Property is free of material undisclosed defects and that Seller has authority to convey the Property. Buyer acknowledges receipt of all Seller disclosures delivered prior to mutual acceptance and accepts the Property subject to those disclosed conditions unless otherwise stated in writing.

All fixtures and personal property included in the purchase shall be specifically listed in writing. Unless listed, personal property is excluded from the sale.

Seller Disclosures (Check applicable boxes)

Lead-Based Paint (if constructed prior to 1978): Yes No

Mold or Water Intrusion History: Yes No

Structural or Foundation Damage: Yes No

Notices of Code Violations or Assessments: Yes No

Contingencies

This Agreement is contingent upon the following unless waived in writing by Buyer: financing contingency, appraisal at or above Purchase Price, and satisfactory completion of inspections. Buyer must deliver written notice of election to terminate or request cure within applicable contingency periods.

Default and Remedies

If Buyer defaults, Seller may retain the earnest money as liquidated damages or pursue actual damages or specific performance as permitted by law. If Seller defaults, Buyer may seek return of earnest money and/or pursue specific performance or damages. Parties agree remedies are cumulative and subject to applicable law.

Governing Law and Integration

This Agreement shall be governed by the laws of the state where the Property is located. This Purchase Packet, together with any exhibits and written addenda executed by the parties, constitutes the entire agreement between the parties and supersedes all prior negotiations and understandings.

Notices

All notices under this Agreement shall be in writing and delivered to the contact addresses set forth below by personal delivery, certified mail, or other method agreed to in writing.

Authorization and Certification

By signing below, Buyer and Seller each certify that the information provided in this Purchase Packet is true and accurate to the best of their knowledge; that each has the authority to enter into this Agreement; and that they consent to the terms and conditions contained herein.

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