Agreement to Purchase Real Estate

Be it known, the undersigned,______and/or assigns (BUYER), offers to purchase from ______(SELLER), real estate known as ______located in the City of ______, the County of ______, and the State of ______, more particularly described as: To be added by closing agent at closing.

The Purchase Price offered is:$______

Deposit Herewith Paid:$______

Balance at Closing:$______

Total:$______

This offer is conditional upon the following terms:

  1. This offer is subject to Buyer obtaining a real estate loan for no less than $ ______payable over ______years with interest not to exceed ______% at customary terms with a firm commitment thereto ______business days from the date hereof.
  1. This offer is further subject to Buyer obtaining a satisfactory home inspection report and termite/pest report within ______business days from the date hereto.
  1. Seller shall pay Broker, ______, a commission of ______% upon closing.
  1. Said property is to be sold free and clear of all encumbrances, by good and marketable title, with full possession to said property available to Buyer at the time of closing.
  1. In the event that Buyer does not perform on said agreement, the Seller shall retain earnest money deposit as their sole remedy under this agreement.
  1. The closing shall occur on or before ______, at ______, unless such other time and place shall be agreed upon in writing.
  1. Seller grants to Buyer, equitable interest in the above referenced property giving Buyer the right to market the property for sale prior to closing. If any language in this agreement is deemed by any government agency to prevent Buyers right to obtain equitable interest in the subject property, Seller shall assist Buyer in perfecting the language of this agreement through addendum in order to comply with state law so that equitable interest in the property is legally conveyed. Buyer’s sole intent is to assign this Agreement.
  1. Other terms:
  2. Subject to Buyers walkthrough and written approval within _____ days of acceptance.
  3. Buyer shall have access to said property during the walkthrough period for contractors, inspectors, appraisers and partners and shall be given a key or allow to place a lock box onsite for the same.
  4. Taxes shall be pro-rated to the date of closing.
  5. Buyer and Seller shall split the closing costs 50/50 with each party paying fifty (50%) percent.
  1. This offer shall remain open until ______o’clock, _____ (am/pm) on ______, and if not accepted by said time this offer shall be deemed rescinded and all deposits shall be refunded.

______(BUYER)

______

By:DateSellerDate

As