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Form preview Boat agreement purchase templa... If it does not there could be issues retitling the boat so the seller should correct the problem before a sale takes place. 4. Taxes It s advisable to get a statement from the buyer stating that any state or local taxes on the vessel have been paid. This can be easily included in the purchase agreement. The Seven Paperwork Pitfalls to Avoid 1. Registration It should be current. Be aware that a boat that is not located in the state it is registered is one indicator that it may have tax issues that could haunt a new owner. 2. Title The information on the title should match the registration. A title will also usually list any liens on the vessel such as a bank loan that will need to be paid off in order to transfer the title. It s important to include a statement in the purchase agreement that requires the seller to pay off the loan within a specified amount of time after the sale. Bill of Sale Prepare this document with the Seller s name as it appears exactly on the title and registration. 7. Payment A cashier s check or bank draft is often used to consummate the deal but the name on the check must match the name on the title and registration. Also these documents can be forged so make a call to the bank to verify the validity of the check. For more information go to the BoatUS Guide Buying Selling a Boat http //www. boatus. com/buyer/ BOAT BUYER/SELLER PURCHASE AGREEMENT Date 1. Buying a Used Boat Avoid the Paperwork Pitfalls It s hard to walk away from a boat that pulls at your heartstrings but be sure there aren t any skeletons hiding in the closet such as a cloudy title or other issues. Transactions between private buyers and seller are where Consumer Protection sees the majority of potentially costly paperwork issues. The Seven Paperwork Pitfalls to Avoid 1. Registration It should be current. Be aware that a boat that is not located in the state it is registered is one indicator that it may have tax issues that could haunt a new owner. 2. Title The information on the title should match the registration* A title will also usually list any liens on the vessel such as a bank loan that will need to be paid off in order to transfer the title. It s important to include a statement in the purchase agreement that requires the seller to pay off the loan within a specified amount of time after the sale. Best is if you can meet at the bank that has the lien and have it released on the spot. Consider using a respected escrow company to transfer funds and title. The seller should clear up any other liens before any sale occurs. Note that not all states assign titles to boats. Check here for state rules on titling and registration http //www. boatus. com/gov/states/ 3. Hull Trace the HIN Take a pencil and paper to get a rubbing of the boat s 12character serial number known as the Hull Identification Number HIN which is located on the upper side of the starboard part of the transom and ensure it matches registration and title. If it does not there could be issues retitling the boat so the seller should correct the problem before a sale takes place.
Form preview Commercial real estate purchas... Commercial Brokers Association 2011 ALL RIGHTS RESERVED CBA Form PS1A Purchase Sale Agreement Rev. 1/2011 Page 1 of 13 COMMERCIAL INVESTMENT REAL ESTATE PURCHASE SALE AGREEMENT This has been prepared for submission to your attorney for review and approval prior to signing. No representation is made by licensee as to its sufficiency or tax consequences Reference Date Buyer agrees to buy and Seller agrees to sell on the following terms the commercial real estate and all improvements thereon collectively the Property commonly known as in the City of County Washington legally described on attached Exhibit A. The Reference Date above is intended to be used to reference this Agreement and is not the date of Mutual Acceptance which is defined in Section 23. 1. PURCHASE PRICE* The purchase price is Dollars payable as follows check only one All cash at closing with no financing contingency. CBA Form PSFIN. the purchase price paid as follows check one or both as applicable Buyer s assumption of the outstanding principal balance as of the Closing Date of a first lien note and deed of trust or mortgage or real estate contract in accordance with the Financing Addendum attach CBA Form PSFIN Buyer s delivery at closing of a promissory note for the balance of the purchase price secured by a deed of trust encumbering the Property in accordance with the Financing Addendum attach CBA Form PSFIN. Other. 2. EARNEST MONEY. The earnest money in the amount of shall be in the form of Cash Personal check Promissory note attached CBA Form EMN Other The earnest money shall be held by Selling Firm transfer the earnest money to Closing Agent. Closing Agent. Selling Broker may however Buyer shall deliver the earnest money no later than days after Mutual Acceptance. On the last day of the Feasibility Period defined in Section 5 below. If the earnest money is to be held by Selling Firm and is over 10 000 it shall be deposited to Selling Firm s pooled trust account with interest paid to the State Treasurer A separate interest bearing trust account in Selling Firm s name. The interest if any shall be credited at closing to Buyer. If this sale fails to close whoever is entitled to the earnest money is entitled to interest. Selling Firm shall deposit any check to be held by Selling Firm within 3 days after receipt or Mutual Acceptance whichever occurs later. Buyer agrees to pay financing and purchase costs incurred by Buyer. Unless otherwise provided in this Agreement the earnest money shall be applicable to the 3. EXHIBITS AND ADDENDA. The following Exhibits and Addenda are made a part of this Agreement Exhibit A - Legal Description Earnest Money Promissory Note CBA Form EMN INITIALS BUYER DATE SELLER DATE BUYER DATE SELLER DATE CONTINUED Promissory Note LPB Form No* 28A/ Short Form Deed of Trust LPB Form No* 20 Deed of Trust Rider CBA Form DTR Utility Charges Addendum CBA Form UA FIRPTA Certification CBA Form 22E Assignment and Assumption CBA Form PS-AS Addendum/Amendment CBA Form PSA Back-Up Addendum CBA Form BU-A Vacant Land Addendum CBA Form VLA Financing Addendum CBA Form PSFIN Tenant Estoppel Certificate CBA Form PSTEC Defeasance Addendum CBA Form PSD 4.
Form preview Purchase agreement form PURCHASE AGREEMENT THIS IS A LEGALLY BINDING CONTRACT BETWEEN PURCHASER AND SELLER. IF YOU DO NOT UNDERSTAND IT SEEK LEGAL ADVICE. PARTIES TO CONTRACT - PROPERTY. Purchaser and Seller acknowledge that Broker is is not the limited agent of both parties to this transaction as outlined in Section III of the Agency Agreement Addendum as authorized by Purchaser and Seller. hereinafter referred to as Purchaser offers and agrees to purchase from hereinafter referred to as Seller upon the terms and conditions set forth the property legally described as also known as EARNEST MONEY DEPOSIT. EARNEST MONEY/DEPOSITS. The broker as specified in Section 2 shall deposit and hold all earnest money and other deposits until sale is closed. If an accepted offer and agreement to purchase does not close regardless of the circumstances both Purchaser and Seller must agree in writing prior to release of earnest money or in the alternative pursuant to court order in accordance with SDCL 36-21A-81. Other earnest money provisions PURCHASE PRICE. The total purchase price is to be F INANCING. New Mortgage. This offer is contingent upon Purchaser obtaining a new VA FHA SDHDA Conventional or type of loan. A letter of Purchaser s loan status from is attached or will be delivered by date. Within legal banking days after acceptance of this Agreement Purchaser will make application for and diligently and in good faith endeavor to secure a new loan pay all application fees and to sign all financing documents without delay. Assumption. See attached Addendum. Contract for Deed/Private Mortgage. See attached Addendum. Cash. This is a cash offer. The remaining balance of will be paid at closing by certified check. A letter of verification from regarding the availability of funds is attached will be delivered by date or this agreement at the option of Seller without notice to Purchaser may be voided. INITIALS PURCHASER/SELLER/ Page 1 of 5 SDREC. RESIDENTIALPURCHASEAGREEMENT. 2011 APPRAISAL. This offer is is not subject to the property appraising for at least the purchase price. This is a cash offer. The remaining balance of will be paid at closing by certified check. A letter of verification from regarding the availability of funds is attached will be delivered by date or this agreement at the option of Seller without notice to Purchaser may be voided. INITIALS PURCHASER/SELLER/ Page 1 of 5 SDREC. RESIDENTIALPURCHASEAGREEMENT. 2011 APPRAISAL. This offer is is not subject to the property appraising for at least the purchase price. If the appraisal reveals repairs which must be made Purchaser and Seller will negotiate which party will complete those repairs for any re-inspection fees. If the inspection s has not been completed within the specified time Purchaser s option to have the inspection s shall expire and all other terms of this Purchase Agreement will continue unaffected. If any inspection s reveals conditions unsatisfactory to Purchaser or unknown to Seller the parties to this the existing condition and provide certification from an inspector that the condition has been remedied or the Inspection Report s within business days of the date and time Seller is notified of the results of the inspection s this Agreement may be deemed null and void in its entirety at the option of Buyer within hours after the negotiation deadline.
Form preview Agreed purchase form General Conditions It is expressly agreed that this agreement to purchase real estate includes the entire agreement of Purchaser and Seller. This offer is made at State of this PURCHASER Acceptance by Seller The foregoing offer to purchase real estate is hereby accepted in accordance with the terms and conditions specified above. SAMPLE AGREEMENT TO PURCHASE REAL ESTATE The undersigned herein Purchaser hereby offers to purchase from the owner herein Seller the real estate located at in the city of County of State of the legal description of which upon the following terms and conditions 1. SAMPLE continued 3. Real Estate Taxes Assessments and Adjustments shall pay all taxes allocated to the property through that date of acceptance of this offer to purchase. Rents if any shall be prorated through the date of closing and all rent deposits shall be transferred to Purchaser. This agreement shall be binding upon the heirs personal representatives successors and assigns of both Purchaser and Seller. If all or a substantial portion of the improvements on the property are destroyed or damaged prior to the closing and transfer of title this agreement shall be void able at Purchaser s option and in the event Purchaser elects to avoid this agreement the earnest money deposited shall be promptly refunded. 7. In the event that this offer is accepted by Seller and Purchaser shall fail to perform the terms of this agreement the earnest money deposit shall be forfeited as and for liquidated damages suffered by Seller. Existing casualty insurance shall be canceled/prorated through the date of closing. 4. Title to the Property Seller shall provide purchaser prior to the closing and promptly after the acceptance of this offer at Seller s expense and at Seller s option an abstract of title to the property brought down to date or an owner s policy of title insurance in an amount equal to the purchase price said abstract of policy to show marketable or insurable title to the real estate in the name of Seller subject only to easements zoning and restrictions of record and free and clear of all other liens and encumbrances except as stated in this offer. Purchase Price and Conditions of Payment The purchase price shall be Dollars to be paid in accordance with subparagraph below A Cash. The purchase price shall be paid in its entirety in cash at the time of closing the sale. B Cash Subject to New Mortgage. D Cash With Assumption of Existing Mortgage. The purchase price shall be paid in cash at the time of the closing of the sale after deducting from the purchase price the then outstanding balance due and owing under the existing mortgage in favor of dated 20 having a present balance of approximately as of 20 which the purchaser hereby assumes and agrees to pay in accordance with its terms and to perform all of its provisions purchaser shall pay any and all payments coming due after the closing of the sale. Any transfer fees required by the mortgage shall be paid by. E Sale by Land Contract. The purchase price shall be paid in accordance with the certain land contract attached hereto and incorporated into this contract by this reference.

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