Real Estate Transfer Documents

REAL ESTATE TRANSFER DOCUMENTS

Parties

Grantor / Seller Name:

Grantee / Buyer Name:

Property Identification

Purchase and Consideration

Purchase Price: $ payable as set forth below.

Escrow / Holder for Deposit:

Financing Contingency: Buyer shall have days to obtain financing approval.

Inspection Period: Buyer has days after mutual acceptance to complete inspections and deliver any objection notice.

Closing Date: . Possession Date: .

Title, Conveyance and Recording

Type of Deed to be Delivered by Seller at Closing: General Warranty Deed Quitclaim Deed

Seller shall convey marketable title free of encumbrances except those permitted in this agreement and exceptions agreed in writing. Seller shall deliver at closing a current title commitment and, at Buyer's expense unless otherwise agreed, an owner's title insurance policy.

Prorations, Taxes and Costs

Real estate taxes, assessments, utilities and rents (if any) shall be prorated as of the Closing Date. Transfer taxes and recording fees shall be paid by unless otherwise required by law.

Closing Costs Allocation (describe material allocations):

Disclosures and Property Condition

Lead-Based Paint: Yes No

Mold or Water Intrusion Known to Seller: Yes No

Condition at Closing: Property is sold in its current physical condition as of the date of mutual acceptance except as expressly set forth in this agreement. Seller represents that there are no material latent defects known to Seller not otherwise disclosed in writing.

Default and Remedies

Buyer Default: If Buyer fails to perform, Seller may retain the earnest money as liquidated damages as Seller's sole remedy, or elect to pursue specific performance and other remedies at law or equity.

Seller Default: If Seller fails to convey as required, Buyer may seek specific performance or termination with return of earnest money and other remedies as permitted by law.

Representations, Warranties and Indemnities

Seller represents and warrants that Seller is the lawful owner with authority to convey, that no undisclosed actions, suits or liens affect the Property, and that there are no unpaid obligations that would be liens except as disclosed. Seller shall indemnify Buyer for breaches of these representations.

Buyer represents that Buyer has the authority and financial capacity to complete the purchase in accordance with the terms of this agreement.

Miscellaneous

Recording and Further Assurances: The party responsible for recording shall prepare and record all documents necessary to transfer title. Each party shall execute further documents reasonably necessary to effectuate the transfer.

Governing Law: This agreement shall be governed by and construed in accordance with the laws of the state where the Property is located.

Entire Agreement; Amendments: This instrument constitutes the entire agreement between the parties with respect to the subject matter and may be amended only by a written agreement executed by both parties.

Certifications

Seller certifies under penalty of perjury that all representations in this document are true and correct to the best of Seller's knowledge; Seller authorizes execution and recordation of such instruments as required to complete the transfer of title.

Buyer acknowledges receipt of Seller disclosures provided herewith and accepts the Property subject to the exceptions expressly set forth in writing.

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