Proposal to Purchase Property
Proposal to Purchase Property
Prepared By: [YOUR NAME]
Date: March 2, 2050
I. Property Details
This proposal concerns the purchase of a property located at 123 Maple Street, Springfield, IL 62704. The property is a single-family home with 4 bedrooms, 3 bathrooms, a modern kitchen, a spacious living area, and a two-car garage. The total lot size is approximately 8,000 square feet with a beautifully landscaped garden.
II. Offer Price
We propose to purchase the property for a total amount of three hundred fifty thousand dollars, which is numerically represented as $350,000.
III. Terms of Payment
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Upon the acceptance of this proposal, a down payment amounting to seventy thousand dollars ($70,000) will be made in cash.
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The remaining balance of $280,000 (two hundred eighty thousand dollars) will be financed through a mortgage loan, subject to approval by our bank.
IV. Conditions
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The property must undergo and pass a comprehensive home inspection by a certified professional within 14 days of proposal acceptance.
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Approval for financing must be secured from our banking institution within a time frame of 30 days following the acceptance of this proposal.
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The property must be completely free from any liens, encumbrances, or any other form of legal claim or burden that might affect its ownership or transfer.
V. Closing Date
We propose that the sale be completed and the transaction be fully closed on a date that falls on or before the thirty-first of March in the year two thousand twenty-three.
VI. Signatures
By signing below, both parties agree to the terms and conditions outlined in this proposal:
Hunter Foster
Seller
Stella Hill
Buyer
