Residential Property Sale Agreement

RESIDENTIAL PROPERTY SALE AGREEMENT

This Residential Property Sale Agreement (the Agreement) is made and entered into by and between the parties identified below on the Effective Date. The parties agree that the Seller will sell and the Buyer will purchase the Property described herein upon the terms and conditions set forth.

PARTIES

PROPERTY

PURCHASE TERMS

Purchase Price: $ payable as follows: Earnest Money in the amount of $ to be delivered to Escrow Agent: at:

Balance of Purchase Price at Closing: $ payable by Buyer via:

CONTINGENCIES

Financing Contingency: This Agreement is contingent upon Buyer obtaining loan approval on terms acceptable to Buyer within days of Effective Date. If Buyer fails to deliver written loan commitment within that period, Seller may terminate or elect to proceed.

Inspection Period: Buyer shall have days from Effective Date to conduct inspections and deliver written objections. Seller shall have days to approve or cure defects. Failure to agree entitles Buyer to terminate and receive return of earnest money.

CLOSING AND POSSESSION

Closing Date: Closing shall occur on or before unless extended by mutual written agreement.

Possession: Possession of the Property shall be delivered to Buyer at on subject to rights of tenants under written leases, if any.

CLOSING COSTS AND PRORATIONS

Title Evidence and Fee: Seller shall provide marketable title by delivering at closing a general warranty deed and standard owner’s policy of title insurance, subject only to permitted exceptions. Parties shall allocate the costs as follows:

Taxes, assessments, HOA dues and other items customarily prorated shall be prorated as of the Closing Date unless otherwise agreed in writing.

FIXTURES, PERSONAL PROPERTY, AND EXCLUSIONS

Included Fixtures and Personal Property: Seller agrees that the following items shall be included in the sale and conveyed with the Property at Closing unless otherwise excluded:

Excluded Items: The following items are specifically excluded from this sale:

DISCLOSURES

Seller represents and Buyer acknowledges receipt of the following disclosures. Indicate the applicable response by checking Yes or No for each item.

Lead-Based Paint (if property built before 1978): Yes No

Known Mold or Water Intrusion: Yes No

Prior Structural Damage or Repairs: Yes No

Flood Zone or Repetitive Loss History: Yes No

DEFAULT, REMEDIES, AND DAMAGES

Seller Default: If Seller fails to perform, Buyer may elect either (a) specific performance to compel conveyance, or (b) terminate this Agreement and receive return of earnest money together with any other remedies at law or equity.

Buyer Default: If Buyer fails to perform, Seller may retain earnest money as liquidated damages and terminate this Agreement, or pursue other remedies including specific performance and recovery of costs and attorney fees. The parties agree that the earnest money is a reasonable estimate of anticipated damages and not a penalty.

REPRESENTATIONS, WARRANTIES, AND COVENANTS

Seller represents that Seller is the lawful owner, has full authority to sell, and that the Property will be conveyed free and clear of liens and encumbrances except those disclosed in writing. Seller warrants no material misrepresentations of facts known to Seller as of the Effective Date relating to the Property.

Buyer represents that Buyer has the authority to enter into this Agreement and will make timely payments and perform all obligations required of Buyer herein.

RISK OF LOSS

Risk of loss or damage to the Property shall remain with Seller until closing. If substantial damage occurs prior to Closing, Buyer may elect to (a) accept conveyance and a credit for repair cost, or (b) terminate this Agreement and receive a refund of earnest money, unless parties otherwise agree in writing.

TITLE, SURVEY, AND CLOSING DOCUMENTS

At Closing, Seller shall deliver a duly executed general warranty deed, signed affidavits, and any other documents reasonably required to transfer title. Buyer shall accept title subject to standard exceptions and those specifically disclosed in writing.

MISCELLANEOUS

Entire Agreement: This Agreement, including any addenda and written exhibits signed by both parties, constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements, whether written or oral.

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

Notices: All notices under this Agreement shall be in writing and delivered to the addresses set forth in this Agreement or to such other address as a party designates in writing.

EFFECTIVE DATE

Effective Date: The Effective Date of this Agreement is the date the last party signs below. If earlier execution is required for deadlines, the parties may note the Effective Date here:

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