Fillable Agreement To Purchase Real Estate Template printable pdf download

AGREEMENT TO PURCHASE REAL ESTATE

The undersigned (herein “Purchaser”) hereby offers to purchase from the owner (herein “Seller”) the real estate

located

_____________________________in

the

city

of__________________________,

County

of_________________,

State

of___________________________,

the

legal

description

which

is:___________________________________________________________________________________

_____________________________________________________________________________________

upon the following terms and conditions:

1. Purchase Price and Conditions of Payment

The purchase price shall be _______________________________________Dollars ($___________) to be paid in

accordance with subparagraph________________________, below:

A: Cash. The purchase price shall be paid in its entirety in cash at the time of closing the sale.

B: Cash Subject to New Mortgage. The purchase price shall be paid in cash at the time of closing the sale

subject, however, to Purchaser’s ability to obtain a first mortgage loan within __________days after the

acceptance of this offer by Seller in the amount of $______________, payable in not less than

______________monthly installments, including interest at a rate not to exceed _____________% financing. If

such financing cannot be obtained within the time specified above then either Purchaser or Seller may terminate

this agreement and any earnest money deposited by Purchaser will be promptly refunded.

C: Cash Subject to Existing Mortgage. The purchase price shall be paid in cash at the time of closing the sale

after deducting from the purchase price the then outstanding balance due and owing under the existing mortgage

in favor of _____________, dated_____________, 20___, in the original amount of $________________; of such

mortgage debt is approximately $________________ as of _________________, 20____.

D: Cash With Assumption of Existing Mortgage. The purchase price shall be paid in cash at the time of the

closing of the sale after deducting from the purchase price the then outstanding balance due and owing under the

existing mortgage in favor of _______________, dated_________________, 20___,having a present balance of

approximately $___________________________, as of _______________, 20___, which the purchaser hereby

assumes and agrees to pay in accordance with its terms and to perform all of its provisions; purchaser shall pay

any and all payments coming due after the closing of the sale. Any transfer fees required by the mortgage shall be

paid by________________.

E: Sale by Land Contract. The purchase price shall be paid in accordance with the certain land contract

attached hereto and incorporated into this contract by this reference. The down payment to be made at the time of

closing this sale shall be $_____________and the balance of $____________shall be paid at the rate of

___________% per annum.

2. Earnest Money Deposit

As earnest money Purchaser deposits $__________________with the broker 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 broker. 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.

Agreement To Purchase Real Estate Template

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