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 is:[DESCRIPTION] upon the
following terms and conditions:
- Purchase Price and Conditions of Payment
The purchase price shall be _________________________________Dollars ($_____) to be paid in its entirety in cash at the time of closing the sale.
- Earnest Money Deposit
As earnest money, Purchaser deposits $__________________with the agent which shall be
applied to the purchase price at the time of closing the sale
In the event that this offer is not accepted by Seller, this earnest money deposit shall be promptly
refunded to Purchaser by the agent.
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.
Seller is not, however, precluded from asserting any other legal or equitable remedy, which may
be available to enforce this agreement.
- Real Estate Taxes, Assessments, and Adjustments
Real Estate Taxes accrued against the property shall be prorated through the date of closing the
sale and Seller shall pay all taxes allocated to the property through that date of acceptance of this
offer to purchase
- 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.
- Possession of the Property
Purchaser shall be given possession of the property on ___, 20____. A failure on
the part of Seller to transfer possession as specified will not make Seller a tenant of Purchaser,
but in such event Seller shall pay to Purchaser $____________________per day as damages for
breach of contract and not as rent. All other remedies, which Purchaser may have under law, are
reserved to Purchaser.
- Risk of Loss
The risk of loss by destruction or damage to the property by fire or otherwise prior to the closing
of the sale is that of 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.
- Improvements and Fixtures Included
This offer to purchase includes all improvements, buildings and fixtures presently on the real
estate including but not limited to electrical, gas, heating, air conditioning, plumbing equipment,
built-in appliances, hot water heaters, screens, storm windows, doors, Venetian blinds, drapery
hardware, awnings, attached carpeting, radio, television antennas, trees, shrubs, flowers, fences
and [ADD ANYTHING RELEVANT TO THIS SECTION OF NEED BE]
- Contingency Clause
The Purchaser’s offer to buy the above property is contingent upon;
Partner’s approval within 14 business days from the date of this agreement,
Buyer’s Inspection and approval of the condition of the property within 14 business days
from the date of this agreement
Clear title within 14 business days from the date of this agreement - General Conditions
It is expressly agreed that this agreement to purchase real estate includes the entire agreement of
Purchaser and Seller. This agreement shall be binding upon the heirs, personal representatives,
successors and assigns of both Purchaser and Seller. This agreement shall be interpreted and
enforced in accordance with the laws of the State
of______________________________
- Loans
Seller shall pay all existing loans, mortgage, and liens affecting the property - Time for Acceptance and Closing
This offer is void if not accepted by Seller in writing on or before _____________
A.M. /P.M. of the ________________________day of __________________,
20____. Closing of the sale shall take place _ days after Purchaser’s receipt of an
abstract showing marketable title in Seller or title insurance binder showing insurable title in
Seller. This offer is made at __________________, State of
________, this ________ day of
____________________, 20_______.
(PURCHASER)
(PURCHASER)
Acceptance by Seller
The foregoing offer to purchase real estate is hereby accepted in accordance with the terms and
conditions specified above. The undersigned hereby agrees to pay a brokerage fee of
$_______________________ to ____________, agent, in accordance with the
existing listing contract. Seller agrees to sign this contract within 7 days from the date of this
contract or it would expire.
Dated this ________________ day of _________________,
20_____
(SELLER)
(SELLER)
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