Whole House Purchase Agreement

WHOLE HOUSE PURCHASE AGREEMENT

This Whole House Purchase Agreement (the Agreement) is entered into on , by and between the parties identified below.

Parties

Property Identification

Purchase Price and Payment

Purchase Price: $ payable as follows: earnest money deposit, financing and balance at closing as set forth below.

Earnest Money to be deposited with Escrow or Closing Agent: within business days after mutual execution.

Financing and Contingencies

This Agreement is conditioned upon Buyer obtaining mortgage financing as specified: loan approval within days from the Effective Date. If Buyer fails to obtain loan approval within the period, Buyer may terminate and have earnest money returned in accordance with the escrow instructions.

Buyer shall have the right to inspect the property within the inspection period. Seller shall provide reasonable access. If Buyer rejects based on inspection results, Buyer must deliver written notice within the inspection period specifying defects and requested remedies. Seller may cure or make reasonable concessions; unresolved disputes proceed under Default and Remedies below.

Closing and Possession

Closing of the sale shall occur on or before , unless otherwise agreed in writing.

Possession of the property shall be delivered to Buyer on , subject to payment in full at closing and delivery of deed.

Title, Conveyance and Closing Costs

Seller shall convey marketable title by General Warranty Deed Quitclaim Deed

Closing costs, escrow and title expenses shall be apportioned as follows:

Title insurance and any required endorsements will be provided at closing as selected by Buyer at Buyer's expense unless otherwise agreed in writing.

Fixtures, Personal Property and Exclusions

Disclosures

Lead-based paint disclosure (if applicable): Property built in year . Lead disclosure provided: Yes No

Mold, moisture, water intrusion or flooding: Known prior conditions: Yes No

Structural damage or repairs previously performed: Yes No

Hazardous materials (asbestos, underground storage tanks, lead, etc.) known to Seller: Yes No

Condition of Property; Seller Representations

Seller represents that, to Seller's knowledge, the property is free of undisclosed liens and that all known material defects have been disclosed in writing. Seller shall maintain the property in substantially the same condition through closing, normal wear and tear excepted.

Buyer acknowledges Buyer has had the opportunity to inspect and accepts the property subject to the contingencies and remedies provided in this Agreement.

Default and Remedies

Time is of the essence for all dates in this Agreement. If Buyer defaults, Seller may retain earnest money as liquidated damages, pursue specific performance or other remedies available at law or equity. If Seller defaults, Buyer may elect to receive return of earnest money and/or pursue specific performance or damages. The parties agree these remedies are cumulative and not exclusive.

The prevailing party in any action to enforce this Agreement shall be entitled to recover reasonable attorneys' fees and costs.

Risk of Loss; Insurance

Risk of loss or damage to the property remains with Seller until closing. If substantial casualty occurs prior to closing, Buyer and Seller shall negotiate an equitable adjustment to the Purchase Price, or Buyer may terminate if the parties cannot agree.

Notices

Notices required or permitted under this Agreement shall be in writing and delivered to the addresses set forth below or to other addresses as the parties may later designate in writing.

Governing Law; Entire Agreement

This Agreement shall be governed by and construed in accordance with the laws of the state of . This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations and understandings. Any amendments must be in writing and signed by both parties.

Miscellaneous Provisions

If any provision of this Agreement is determined to be invalid or unenforceable, the remainder of the Agreement shall remain in full force and effect. Headings are for convenience only and shall not affect interpretation.

Brokers or agents, if any, shall be identified and compensated as set forth in separate agreements between the broker(s) and the parties; parties warrant they have disclosed all brokers claiming a commission related to this transaction.

Acknowledgment

Each party signing below certifies that the party has the authority to enter this Agreement, that the information provided is true and correct to the best of the party's knowledge, and that the party has read and understands all terms contained herein.

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