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From
Buyincomeproperties.com Property Transfers OFFER TO SELL PROPERTY
WITH ACCEPTANCE AGREEMENT made this_____________________ day of 200_ between ___________________________ , Seller(s) and______________________________ ,Purchaser(s).' Seller agrees to sell and
Purchaser agrees to purchase the following described real property, with the buildings and improvements
thereon, and personal property as described below, located in ?County, State of____________________________ ,
the legal description being: Street address: 1) The purchase price is $______________________________ ,
to be paid as follows: A) A deposit to be paid to__________________________ within 48 hours of acceptance of this
contract in the amount of $__________________________ B)
The Purchaser will take subject to existing loan(s) to _______________________ with an approximate balance of $________ with interest at %, payable $________________ per___________________ (Any misstatement in the loan amount will be
treated as follows: ?/span>If overstated, then the amount
of overstatement will be added to the purchase money note; if understated,
then such amount will be deducted from the down payment. C)
The balance as follows: 2)
3)
Seller warrants that electrical system, heating and air conditioning
systems, any appliances included in the personal property listed below,
mechanical systems, and plumbing
systems will be in proper working order on date of closing or date of occupancy, if sooner. Seller agrees to give Purchaser or agent
access to property prior to closing to inspect above systems. Seller will at
his expense within 20 days deliver to Purchaser a complete preliminary title
report certified to dare showing good and marketable title subject only to the
above listed encumbrances. 4)
Seller agrees to convey by marketable title and deliver a warranty deed, free of encumbrances except
as herein stated, with all documentary stamps affixed. This deed will be delivered, and the closing will be held on
or before______________________________________________________ Possession of the
premises will be given on or before______________________________________ 5)
All personal property listed below is included in the sales price and
shall be transferred by BILL OF SALE, free and clear of all encumbrances or
liens at closing. This personal property included in the sale price consists of: 6)
In case the property herein referred to is destroyed wholly or partially
by fire or other casualty, Purchaser shall have the option for 10 days thereafter of
proceeding with the terms of this contract, with an agreed adjustment in the
purchase price, or of terminating this agreement and being repaid all amounts paid under this
contract. 7)
It is expressly agreed that upon any default or failure
on the part of the Purchaser to
comply with
the terms
and conditions of this contract, that Seller
agrees to
accept the deposit as full liquidated damages. Upon default by the Seller to
perform under this agreement, all deposits shall be returned to Purchaser on demand, and Purchaser shall not waive any right or
remedy he may have on account of the Seller's nonperformance by accepting return of said deposits. Further,
in the case of default by the Seller, Purchaser shall be
reimbursed for his reasonable expenses of title examination, credit
report, appraisal fees and legal fees. 8) If the Purchaser is a registered real estate broker, licensed appraiser, attorney, or financial consultant this information is listed below. Seller understands that Purchaser is buying this property for his own investment for a profit. No contract for services, written, oral or implied, has been formed between Seller and Purchaser, and Seller will not be liable for any commission or fees to Purchaser. 9) The terms and conditions of this contract are to apply to and bind the heirs, administrators, successors, executors and assigns of the respective parties. 10)
Seller agrees to permit Purchaser the right to advertise and show the property
to prospective tenants after the
contract is accepted and before the date of the closing. 11)
Additional
terms and conditions: The undersigned Seller(s) have read, fully understand and
verify the above information as
being correct and hereby offer to sell said property to the Purchaser on
the terms and conditions as
stated. SELLERS ?PURCHASERS _____________________ ?_____________________ _____________________ ?_____________________
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