Land Purchase Agreement

This Land Purchase Agreement ("Agreement") is entered into on [Date], between [Your Name], located at [Your Company Address], hereinafter referred to as the "Buyer", and [Seller's Name], located at [Seller's Address], hereinafter referred to as the "Seller".

1. Description of Property

The property subject to this Agreement is located at 123 Main Street, Anytown, [State], and more particularly described as Lot 4, Block 5, Anytown Subdivision, as recorded in Plat Book 3, Page 27, of the County Recorder's Office.

2. Sale Price

The agreed sale price of the land is 500,000 dollars. The total purchase price shall be paid by the Buyer to the Seller on or before the Closing Date.

3. Payment Terms

A deposit of $10,000 (ten thousand dollars), due upon execution of this Agreement, is to be held in escrow by First National Escrow Services. The remaining balance of the Purchase Price, totaling $490,000 (four hundred ninety thousand dollars), shall be paid by certified check or wire transfer at the closing of the sale.

4. Conditions of Sale

The sale is contingent upon the Buyer obtaining satisfactory financing within 30 days from the execution of this Agreement, allowing ample time for the Buyer to secure suitable funding. The Seller shall provide a clear title to the Property, free of all liens and encumbrances, ensuring a smooth transfer of ownership at the time of closing. Any inspections or surveys of the Property shall be completed by the Buyer at their expense within 14 days from the execution of this Agreement, granting a reasonable window for due diligence.

5. Warranties

The Seller warrants that they have full authority to sell the Property and that there are no undisclosed defects or adverse conditions affecting the Property.

6. Closing

The closing of the sale shall take place on [Date], which is specified in the agreement, or as mutually agreed upon by both parties. At closing, the Seller shall deliver a deed conveying the Property to the Buyer, indicating the transfer of ownership rights. Simultaneously, the Buyer shall deliver the remaining balance of the Purchase Price, completing the transaction.

7. Miscellaneous Provisions

This Agreement constitutes the entire understanding between the parties and supersedes all prior agreements and understandings, whether written or oral.
Any amendments to this Agreement must be made in writing and signed by both parties.
This Agreement shall be governed by the laws of [State] without regard to its conflict of laws principles.

8. Signatures of Agreement

This Agreement shall be governed by and construed under the laws of the [State] without regard to its conflict of laws principles. Any legal action arising from or relating to this Agreement shall be brought exclusively in the court.

IN WITNESS WHEREOF, the Parties hereto have executed this Agreement as of [Date].

[Your Name]

[Date Signed]

[Seller's Name]

[Date Signed]