Real Estate Purchase Contract For Residential Construction
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7REAL ESTATE PURCHASE CONTRACT
FOR
RESIDENTIAL CONSTRUCTION
This is a legally binding contract. 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.
EARNEST MONEY RECEIPT
Buyer
offers to purchase the Property described below and hereby delivers to the Brokerage,
as Earnest Money, the amount of $
in the form of
which, upon Acceptance of this
offer by all parties (as defined in Section 23), shall be deposited in accordance with state law.
Received by:
on
(Date)
Brokerage:
Phone Number:
OFFER TO PURCHASE
1. PROPERTY:
1.1 Location. The Earnest Money Deposit is given to secure and apply on the purchase of a new Residence (the "Residence")
described below to be constructed by Seller on a parcel of real property (the "Lot") located at:
, in the City of
County of
, State of Utah, more particularly described
as
Lot No.
, in the
Subdivision, or alternatively as
follows:
The Purchase Price for the Residence [ ] INCLUDES [ ]
DOES NOT INCLUDE, the Lot.
1.2 Home Design. Seller shall construct the Residence and related improvements in accordance with the Plans &
Specifications checked below and approved by Buyer as provided in Section 8. (check applicable box):
[ ]
House Plan
[ ] FHA/VA Approved Plan No.
[ ] Plans and Declaration of Condominium (check one) [ ] AS RECORDED [ ] AS PROPOSED for Unit Number
of the
Condominiums
[ ] a Custom Home (specify)
[ ] Other
1.3 Improvements. Seller represents that the Residence will be connected to the utility service lines and serviced by the
additional improvements identified below. (Check applicable boxes):
(a) Utility Services
[ ] well [ ] public water [ ] private water [ ] natural gas [ ] electricity [ ] telephone [ ] public sewer [ ] septic tank
[ ] other (specify)
(b) Additional Improvements
[ ] dedicated paved road [ ] private paved road [ ] other road (specify)
[ ] curb & gutter [ ] rolled curb [ ] sidewalk [ ] irrigation water/secondary system - # of shares
Name of water company
[ ] other (specify)
1.4 Permit Fees. Seller agrees to pay for building permit fees, impact fees and all connection fees except the following:
1.5 Survey. (Check applicable boxes): A survey [ ] WILL [ ] WILL NOT be prepared by a licensed surveyor. The Survey
Work will be: [ ] Property corners staked [ ] Boundary Survey [ ] Boundary & Improvements survey [ ] Other (specify)
. Responsibility for payment: [ ] Buyer [ ] Seller [ ] Buyer and Seller
share equally. Buyer's obligation to purchase under this Contract [ ] IS [ ] IS NOT conditioned upon Buyer's approval of the
Survey Work. If yes, the terms of the attached Survey Addendum apply.
Page 1 of 7
Buyer's Initials___________ Date___________ Seller's Initials___________ Date___________
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