PURCHASE AGREEMENT
FOR TRANSFER OF REAL PROPERTY

Date of Transaction:

This is a legally binding agreement between the parties hereto and any modifications shall be signed by all parties to the agreement. All terms of this transaction are included in this agreement. No terms outside of this agreement shall be binding upon any party hereto.
Property Address:
Legal Desc: (map or lot #)
This agreement is made and entered into on the date of transaction described above expressed by and between:
    Buyer(s)
    Seller(s)
The Offer


I, "The Buyer(s)", offer to purchase the property at the" Property Address" listed above from "The Seller(s)" according to the "Terms of Purchase" shown below and subject to any building and use restrictions, previous mineral exclusions, zoning ordinances and easements for the sum of exactly:

Purchase Price: 
(written out)
($)
 
Terms of Purchase

1. Payment Terms and Agreement

 Cash
The seller(s) agree to accept a cash payment of ($)
The buyer(s) or seller(s) to pay closing and recording fees for cash transaction.
 New Mortgage The buyer(s) to obtain a new mortgage with approximate terms and conditions listed below.
Years:
Type:
Amount:
($)
Interest Rate:
The buyer(s) or seller(s) to pay appraisal and credit report fee.

The buyer(s) or seller(s) to pay closing and recording fees for mortgage. Subject to FHA/VA regulation, if applicable.

Seller(s) shall the option to cancel this contract if the buyer(s) fail to apply for a mortgage loan within business days after the date of transaction shown above.

This offer is is not contingent on the property appraising for at least the purchase price.

Seller to make repairs or replacements as required by appraisal, or for mortgage loan purposes not to exceed ($) .

2. New Survey
  A new property survey will or will not be performed and will be paid for by the buyer(s) or seller(s).
The survey will be ordered by the buyer(s) or seller(s).
Buyer(s) has been given the opportunity to get a new survey and hereby declines   (buyer(s) initial here).

3. Home Warranty
  A home warranty with company subject to limitations, exclusions and deductibles will be ordered by buyer(s) or seller(s) at the cost of the buyer(s) or seller(s).
Buyer has been given the opportunity to have such warranty and hereby declines   (buyer(s) initial here).

4. Home Inspection
  This transaction is or is not subject to a professional inspection made by a representative of the buyer(s) choosing. Inspection typically covers home structure and systems.

If transaction is subject to inspection, buyer(s) or seller(s) to pay for same.
If transaction is subject to inspection, seller(s) to be nofited in writing within business days of acceptance of inspection and this agreement. Copies of inspection to be presented to buyer(s) and seller(s).

If transaction is subject to inspection, it is the responsibility of the buyer(s) or seller(s) to provide utilities for the inspection.

If transaction is subject to inspection, appraisal to be ordered immediately upon the removal of this contingency.
Buyer has been given the opportunity to have such inspection and hereby declines   (buyer(s) initial here).

5. "AS IS" Condition Clause
  Buyer(s) has examined this property and agrees to accept the property and all attachments in "AS IS" condition except as specified herein or as specified in an adendum to this contract or unless expressly stated in a home warranty.

As customary, all heating and cooling equipment, plumbing systems, electrical systems, and included appliances shall be in working order at the time of transfer.

A final walk through will or will not be required for buyer(s) to verify working condition of systems listed above. The buyer(s) or seller(s) to organize walk through and prepare walk through sign-off sheet.

If transaction is subject to final walk through, it is the responsibility of the buyer(s) or seller(s) to provide utilities for the walk through.

Seller(s) to repair damage and remove debris created during move-out or created after the final walk through.
Buyer has been given the opportunity to have such final walk through nd hereby declines   (buyer(s) initial here).

6. Inclusion To Sale
  The following marked items shall be included in the purchase price unless otherwise noted.

Y es N o - Lighting fixtures and shades
Y es N o - Ceiling fans
Y es N o - Drapery and curtains and the associated hardware
Y es N o - Windown shades and blinds
Y es N o - Window and door screens
Y es N o - Water heater
Y es N o - Smoke and carbon monixide detectors
Y es N o - Security systems
Y es N o - TV antenna and/or satellite dish
Y es N o - Remote control garage door opener(s)
Y es N o - Built-in kitchen appliance
Y es N o - Plantings
Y es N o - Awnings and gutters

List exceptions and/or additions here.


7. Wood Infestation Report
  This transaction is or is not subject to a Wood Infestation Report from a bonded and licensed termite control company showing that an inspection of the dwelling has taken place and that there is no visible sign of infestation or damage by wood destroying insects or fungus.

The report is to be ordered by the buyer(s) or seller(s) at the expense of the buyer(s) or seller(s).

If infestation is found during such inspection it is the seller(s) responsibility to take corrective measures before this transaction can be completed. If an existing termite contract exists, the current contract company should be contacted for re-treatement of the affected area.

Existing termite contract to be kept current and transfered to the buyer(s) at closing.

8. Taxes and Fees
  All property taxes, fees, rental income, or security deposits collected during the closing month to be prorated at the time of closing.
Buyer has been given the opportunity to have such proration nd hereby declines   (buyer(s) initial here).

9. Owner's Policy of Title Insurance
  An owner's policy of title insurance in the amount of the purchase price and a warranty deed is to be furnished by seller(s) at the seller(s) expense. Risk of loss by fire or other casualty shall be on seller(s) until title is conveyed.

10. Tenative Closing Date and Possession
  Transaction to be closed within business days of the completion of all necessary documents or no sooner than (date), but no later than (date).

Additional time will be allowed for closing if approved by both the buyer(s) and seller(s).

Possession to be given at closing or days after closing, but no later than unless otherwise agreed by the buyer(s) and seller(s).

11. Earnest Monies
  Earnest monies in the amount of ($) have been presented by the buyer(s) in the fom of check or cash. Earnest monies to be held by the seller(s) at no interest and to be applied at closing.

All earnest monies shall or shall not be refuneded to the buyer(s) if the transaction fails through no fault of the buyer(s).

12. Adendums and Additional Provisions

  1)
 
  2)

13. Buyer(s) Acceptance of Offer
 

The buyer(s) acknowledge(s) by the signature(s) below that he/she has read this entire agreement including all addenda and is in agreement with all terms of this offer.

Buyer Name: Print Name: Date:

Buyer Name: Print Name: Date:

Buyer Phone Number:

Buyer Address:

Witness Name: Print Name: Date:


14. Seller(s) Acceptance of Offer
 

The seller(s) acknowledge(s) by the signature(s) below that he/she has read this entire agreement including all addenda and is in agreement with all terms of this offer.

Seller Name: Print Name: Date:

Seller Name: Print Name: Date:

Seller Phone Number:

Seller Address:

Witness Name: Print Name: Date:

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This purchase agreement is being supplied by GulfCoastFSBO.com as an example only for persons seeking to sell real property. This agreement is not inclusive and is intended as a guide only. Different laws and regulations may apply depending on city, county, and state government. Please do your research and use this agreement as needed. GulfCoastFSBO.com can not be held liable and is not responsible for misuse of this form or omisions from this form.

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