Real Estate Home Sale Contracts and Agreements
Real Estate Home Sale Contracts and Agreements
This Agreement ("Agreement") is entered into as of [Date], by and between:
[Your Company Name], a company organized and existing under the laws of [Your Country/State], with its principal place of business located at [Your Company Address] ("Seller"), and
[Buyer Name], an individual residing at [Buyer Address] ("Buyer").
Background:
Seller is the legal owner of the real property located at [Property Address] (the "Property"). Seller desires to sell the Property to Buyer, and Buyer desires to purchase the Property from Seller, subject to the terms and conditions set forth in this Agreement.
Agreement:
1. Purchase Price:
1.1. The purchase price for the Property shall be [Purchase Price] dollars ($[Purchase Price]), payable by Buyer to Seller upon closing of the sale.
1.2. The purchase price includes all fixtures and fittings attached to the Property as of the date of closing.
2. Closing Date:
2.1. The closing of the sale shall take place on or before [Closing Date]. The closing shall be held at a location mutually agreed upon by the Parties.
2.2. If the closing does not occur on or before the Closing Date due to any fault of the Seller, the Buyer may, at their option, either extend the Closing Date or terminate this Agreement and receive a refund of the earnest money deposit.
3. Deposit:
3.1. Buyer shall deposit the sum of [Deposit Amount] dollars ($[Deposit Amount]) as earnest money with [Escrow Agent Name] ("Escrow Agent") within [Number of Days] days of the execution of this Agreement.
3.2. The earnest money deposit shall be held in escrow by the Escrow Agent and applied toward the purchase price at closing.
4. Title and Inspection:
4.1. Seller shall provide Buyer with a clear and marketable title to the Property, free and clear of all liens and encumbrances, subject only to the Permitted Exceptions.
4.2. Buyer shall have the right to conduct inspections of the Property within [Number of Days] days of the execution of this Agreement, at Buyer's expense. Any defects discovered during the inspection shall be addressed by Seller prior to closing.
5. Closing Costs:
5.1. Seller shall be responsible for paying the following closing costs:
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Title insurance fees
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Transfer taxes
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Attorney fees for Seller's representation
5.2. Buyer shall be responsible for paying the following closing costs:
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Loan origination fees
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Appraisal fees
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Attorney fees for Buyer's representation
6. Contingencies:
6.1. This Agreement is contingent upon Buyer obtaining satisfactory financing for the purchase of the Property within [Number of Days] days of the execution of this Agreement. Buyer shall make diligent efforts to secure financing and provide Seller with written notice of loan approval or denial.
6.2. This Agreement is contingent upon the Property appraising for at least the purchase price. If the Property does not appraise for the purchase price, Buyer may, at their option, terminate this Agreement and receive a refund of the earnest money deposit.
7. Representations and Warranties:
7.1. Seller represents and warrants that Seller has good and marketable title to the Property, free and clear of all liens and encumbrances, except for the Permitted Exceptions.
7.2. Buyer represents and warrants that Buyer has the financial capacity to complete the purchase of the Property and is not relying on the sale of any other property to fund the purchase.
8. Termination:
8.1. If either Party fails to fulfill any material obligation under this Agreement, the other Party may terminate this Agreement by providing written notice to the non-performing Party. Upon termination, the earnest money deposit shall be returned to Buyer, and neither Party shall have any further obligations hereunder.
9. Governing Law:
9.1. This Agreement shall be governed by and construed in accordance with the laws of [Your Jurisdiction]. Any disputes arising under or related to this Agreement shall be resolved exclusively by the courts of [Your Jurisdiction].
10. Entire Agreement:
10.1. This Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral.
IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written.
[Seller Name]
By:
Name: [Your Name]
Title: [Your Title]
Date: [Date]
[Buyer Name]
By:
Name: [Buyer Name]
Date: [Date]
