Sold Real Estate Document

SOLD REAL ESTATE DOCUMENT

Recitals

This Sold Real Estate Document (the "Agreement") is entered into as of by and between the Seller and the Buyer identified below. The parties agree that the terms set forth herein memorialize the sale, transfer and conveyance of the Property described in this Agreement.

Parties

Property Identification

Purchase Terms

Closing shall occur on or before (the "Closing Date"). Possession shall be delivered to Buyer on unless otherwise agreed in writing by the parties.

Financing and Contingencies

This sale is Yes No as of the Effective Date. If financing contingency applies, Buyer shall have days to obtain a written loan commitment. Buyer shall deliver written notice of loan denial or approval to Seller prior to expiration of such period.

Inspections and Repairs

Buyer shall have days following the Effective Date to complete inspections. Any request for repairs shall be made in writing. Seller shall have the option to cure material defects or credit Buyer at closing. If parties cannot agree on repairs within the inspection period, either party may elect to terminate this Agreement by written notice.

Disclosures

Lead-based paint disclosure applicable to properties built before 1978: Yes No

Known mold, fungal or water intrusion conditions: Yes No

Material prior structural damage or remediation (e.g., fire, flood): Yes No

Title, Conveyance and Closing

Seller shall convey marketable fee simple title to Buyer by general warranty deed or other appropriate conveyance at Closing, subject only to liens, encumbrances and exceptions agreed in writing. Title shall be examined by and a standard owner’s title policy shall be delivered to Buyer at Closing.

Prorations of real estate taxes, utilities, rents and HOA assessments shall be made as of the Closing Date according to customary local practice, unless otherwise provided in writing by the parties.

Default, Remedies and Indemnities

If Buyer fails to timely perform, Seller may retain the earnest money as liquidated damages or pursue specific performance or other remedies available at law or in equity. If Seller fails to convey title as required, Buyer may seek specific performance or terminate and recover deposits and damages. Each party shall indemnify the other for losses resulting from breach of any representation, warranty or covenant contained in this Agreement.

Representations and Warranties

Seller represents and warrants that Seller is the lawful owner of the Property, has full authority to sell the Property, that all information provided to Buyer is true and correct to Seller’s knowledge, and there are no undisclosed material liens or legal actions affecting the Property other than those disclosed in writing to Buyer prior to Closing.

Taxes, Assessments and Utilities

Real property taxes and assessments shall be prorated as of the Closing Date. Seller shall pay all unpaid assessments and taxes due through Closing unless otherwise agreed. Any transfer taxes, recording fees and customary closing costs shall be allocated as follows:

Miscellaneous

This Agreement constitutes the entire agreement between the parties concerning the sale of the Property and supersedes all prior negotiations and agreements. No amendment shall be effective unless in writing and signed by both parties. Time is of the essence for all dates and deadlines set forth herein.

Governing Law: The validity, interpretation and enforcement of this Agreement shall be governed by the laws of the State of .

Seller Certification

Seller certifies that all representations and disclosures made to Buyer in connection with this sale are true and complete to the best of Seller’s knowledge, and Seller will execute such instruments and take such actions as are reasonably necessary to effectuate consummation of the transaction contemplated by this Agreement.

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