Real Estate Sale and Transfer

REAL ESTATE SALE AND TRANSFER

This Real Estate Sale and Transfer Agreement (Agreement) is entered into by and between Seller Name: and Buyer Name: . Effective Date: .

PARTIES AND CONTACT INFORMATION

PROPERTY IDENTIFICATION

PURCHASE TERMS

Purchase Price: $ . Earnest Money Deposit: $ payable to Escrow/Title Agent: within days of Effective Date.

Financing Contingency: Buyer shall have days to obtain written loan commitment. If Buyer fails to obtain financing within that period, Seller may terminate or extend per written agreement.

Inspection Period: Buyer shall have days to complete inspections and deliver written notice of defects. Seller shall permit reasonable access for inspections.

Closing Date: . Possession Date: unless otherwise agreed in writing.

FIXTURES, PERSONAL PROPERTY, AND EXCLUSIONS

Included Fixtures and Conveyed Items (unless otherwise excluded): all built-in appliances, plumbing and electrical fixtures, heating and cooling equipment, permanently installed carpeting and window coverings. Specific inclusions:

DISCLOSURES

Lead-Based Paint (for properties built before 1978): Seller certifies: Yes No

Known Mold or Water Intrusion: Seller certifies: Yes No If Yes, describe remediation and dates:

Prior Structural Damage or Material Repairs (fire, flood, foundation): Seller certifies: Yes No

TITLE, CLOSING, AND COSTS

Title Company / Escrow Holder: Title Insurance: Seller shall provide marketable title and deliver title insurance in the amount of the Purchase Price at Closing, subject to permitted exceptions set forth herein.

Allocation of Closing Costs: Seller pays: Seller pays Buyer pays (parties may allocate specific fees in writing). Prorations of taxes, assessments, rents and utilities shall be made as of the Closing Date.

CONDITION, INSPECTION, AND REPAIRS

Condition at Closing: Seller shall deliver the Property in substantially the same condition as of the Effective Date, subject to ordinary wear and tear. Buyer accepts the Property subject to the results of inspections and Seller's obligation to cure material defects as set forth below.

Repair Obligations: Seller agrees to complete agreed repairs prior to Closing or provide prorated credit. If Seller fails to cure material defects within days after receipt of Buyer’s written request, Buyer may terminate or proceed to Closing and pursue remedies.

DEFAULT AND REMEDIES

Default by Buyer: If Buyer defaults, Seller may retain the Earnest Money as liquidated damages or pursue specific performance and other remedies at law or equity. Default by Seller: If Seller defaults, Buyer may seek specific performance, return of deposits, and damages as permitted by law.

REPRESENTATIONS, WARRANTIES, AND COVENANTS

Seller represents that Seller is the lawful owner of the Property with authority to convey, and that there are no undisclosed liens, encumbrances, leases, or agreements that would materially impair Buyer’s intended use, except as disclosed in writing. Buyer represents Buyer has requisite authority to enter into this Agreement. Each party covenants to execute documents reasonably necessary to effectuate the transfer.

RISK OF LOSS

Risk of loss prior to Closing shall remain with Seller. If material damage occurs prior to Closing, Buyer may elect to terminate, accept assignment of insurance proceeds, or require Seller to repair as a condition to Closing.

NOTICES

GOVERNING LAW; ENTIRE AGREEMENT

This Agreement shall be governed by the laws of the jurisdiction where the Property is located. This Agreement, including any attachments and written amendments, constitutes the entire agreement between the parties and supersedes prior negotiations and agreements. Any amendment must be in writing and signed by both parties.

ACKNOWLEDGMENT AND CERTIFICATION

Each party acknowledges that it has read this Agreement, had the opportunity to seek independent legal advice, and is authorized to execute this Agreement. Signatures delivered by electronic means shall have the same effect as original signatures.

Sign Now