Real Estate Purchase Contract
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6REAL ESTATE PURCHASE CONTRACT
This is a legally binding Real Estate Purchase Contract (“REPC”). Utah law requires real estate licensees to use this form. Buyer and Seller,
however, may agree to alter or delete its provisions or to use a different form. If you desire legal or tax advice, consult your attorney or tax
advisor.
OFFER TO PURCHASE AND EARNEST MONEY DEPOSIT
On this _____ day of ____________, 20____ (“Offer Reference Date”)
(“Buyer”)
offers to purchase from __________________________________________ (“Seller”) the Property described below and
[ ] delivers to the Buyer’s Brokerage with this offer, or [ ] agrees to deliver no later than four (4) calendar days
after Acceptance (as defined in Section 23), Earnest Money in the amount of $_______________ in the form
of___________________________________. After Acceptance of the REPC by Buyer and Seller, and receipt of the
Earnest Money by the Brokerage, the Brokerage shall have four (4) calendar days in which to deposit the Earnest Money
into the Brokerage Real Estate Trust Account.
Buyer’s Brokerage ___________________________________________ Phone:_________________________________
Received by:
on
(Date)
(Signature above acknowledges receipt of Earnest Money)
OTHER PROVISIONS
1. PROPERTY:
also described as:
City of
, County of
, State of Utah, Zip ___________ (the "Property").
Any reference below to the term “Property” shall include the Property described above, together with the Included Items and
water rights/water shares, if any, referenced in Sections 1.1, 1.2 and 1.4.
1.1
Included Items. Unless excluded herein, this sale includes the following items if presently owned and in place
on the Property: plumbing, heating, air conditioning fixtures and equipment; ovens, ranges and hoods; cook tops;
dishwashers; ceiling fans; water heaters; light fixtures and bulbs; bathroom fixtures and bathroom mirrors; curtains,
draperies, rods, window blinds and shutters; window and door screens; storm doors and windows; awnings; satellite dishes;
affixed carpets; automatic garage door openers and accompanying transmitters; security system; fencing and any
landscaping.
1.2
Other Included Items. The following items that are presently owned and in place on the Property have been left
for the convenience of the parties and are also included in this sale (check applicable box): [ ] washers [ ] dryers
[ ] refrigerators [ ] water softeners [
] microwave ovens [ ] other (specify)________________________________
__________________________________________________________________________________________________
The above checked items shall be conveyed to Buyer under separate bill of sale with warranties as to title.
1.3
Excluded Items. The following items are excluded from this sale: _____________________________________
__________________________________________________________________________________________________
1.4
Water Service. The Purchase Price for the Property shall include all water rights/water shares, if any, that are the
legal source for Seller’s current culinary water service and irrigation water service, if any, to the Property. The water
rights/water shares will be conveyed or otherwise transferred to Buyer at Closing by applicable deed or legal instruments.
The following water rights/water shares, if applicable, are specifically excluded from this sale: ________________________
_ _________________________________________________________________________________________________
2. PURCHASE PRICE. The Purchase Price for the Property is $ ____________________. Except as provided in this
Section, the Purchase Price shall be paid as provided in Sections 2(a) through 2(d) below. Any amounts shown in 2(b) and
2(d) may be adjusted as deemed necessary by Buyer and the Lender.
$
(a) Earnest Money Deposit. Under certain conditions described in the REPC, this deposit may
become totally non refundable.
$
(b) New Loan. Buyer may apply for mortgage loan financing (the “Loan”) on terms acceptable to
Buyer: If an FHA/VA loan applies, see attached FHA/VA Loan Addendum.
$________________
(c) Seller Financing (see attached Seller Financing Addendum)
$
(d) Balance of Purchase Price in Cash at Settlement
$
PURCHASE PRICE. Total of lines (a) through (d)
Page 1 of 6 pages
Buyer’s Initials ________
Date
Seller’s Initials ________
Date
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