Earnest Money Receipt And Sales Agreement Form printable pdf download

EARNEST MONEY RECEIPT AND SALES AGREEMENT

THIS CONTRACT CONTROLS THE TERMS OF THE SALE OF THE PROPERTY

(Please read carefully before signing)

_________________, Washington, ___________________, 200__

RECEIVED

from

the

City

______________,

hereinafter

called

the

Buyer,

the

sum

__________________________ Dollars, ($__________) in the form of: a Promissory Note for said

$____________ due upon closing, deposited as earnest money and as part payment on the purchase price of the

following described real estate. (Agent shall deposit the earnest money note only after Buyer and Seller have

signed this agreement) which Buyer agrees to buy and the Seller agrees to sell, located in ______________ County,

State of Washington, generally located _______________ ________________________________________, in

____________, Washington, and legally described as follows:

______________________________________________________________________________

1. PURCHASE PRICE: The total price is _________________________________ Dollars ($________), Payable

upon closing.

2. CONTINGENCIES: This agreement is contingent on Title (per the title insurance report) acceptable to the

Buyer, on the contingencies set forth herein below, and on Approval of the sale by the ______________ City

Council.

3. TITLE: Unless otherwise noted on this agreement, title of Seller is to be free of encumbrances or defects.

Existing reservations, existing easements not inconsistent with Buyer’s intended use, building or use restrictions

general to the district, and building or zoning regulations or provisions shall not be deemed encumbrances or

defects. Encumbrances to be discharged by Seller shall be paid out of purchase money at date of closing.

4. PROPERTY INFORMATION/ASSURANCES: Seller shall advise the Buyer of the existence and/or status of

the following: (1) any public/community water main

well

public sewer

septic tank

cesspool

Whether there is a Condominium of Home Owner’s fee. (3) Whether the property

none of the foregoing. (2)

contains leased or encumbered items identified as

hot water tank(s)

heating system

other

___________________. (4) That all electrical wiring, heating, cooling, and plumbing systems will be in

working order at the time Buyer is entitled to possession, (5) That Seller knows of no material structural defects.

(6) That Buyer will maintain the property and yard in present or better condition until agreed possession. (7)

Shares in light and/or water companies and association, if any, shall be included in the sale, unless noted. (8)

That he has no notice from any governmental agency of any violation of laws relating to the subject property

except _______________________________________________________.

5. CLOSING COSTS AND PRO-RATIONS:

The cost of escrow shall be shared equally between Buyer and

Seller, except those fees which are expressly limited by Federal Regulation. Seller shall pay for excise tax and

revenue stamps. Taxes for the current year, rents, interest, Association, Condominium and/or Home Owner’s

fees, water and other utility charges, if any shall be pro-rated as of date of closing.

6. COST-CLOSING ADJUSTMENTS, COLLECTIONS AND PAYMENTS: After closing, Buyer and Seller

shall reconcile the actual amount of revenues or liabilities upon receipt of payments thereof to the extent those

items were prorated or credited at closing based upon estimates. Any bills or invoices received by Buyer after

closing which relate to services rendered or goods delivered to the Seller or the property prior to closing shall be

paid by Seller upon representation of such bill or invoice. At Buyer’s option, Buyer may pay such bill or invoice

INITIALS: BUYER _____________ BUYER _____________ SELLER _____________ SELLER _____________

Page 1 of 4 DATE ______________ DATE _______________ DATE _______________ DATE _______________

Earnest Money Receipt And Sales Agreement Form

Related Articles

Related forms

Related Categories