Property Sales Purchase Agreement template

Additional Terms & Conditions – If there are any additional terms & conditions that are not present within the content of the purchase agreement that you would like to include, then write them into the available space provided (for example, the rent-back clause contained within the screenshot below).

In this case, you should specify the time frame for a party to terminate the contract; this time frame should not be less than any statutory right to terminate. This Purchase Agreement template provides some guidance in this regard so that you can create a contract that abides by the laws of your selected state. However, you should consult a lawyer or refer to your state’s civil codes regarding property sales for further clarification.

All expenses related or incident to any loan, including but not limited to, appraisal fees, application fees, credit reports, loan documents preparation fees, recording fees on notes and mortgages or deeds of trust; as well as recording fees on the deed; financing statements; inspection fees; half of escrow fees; all prepaid items including flood and hazard insurance premiums; documentary stamp tax; and all other expenses payable by the Buyer, necessary to perform the Buyer's obligation under this Agreement must be released or discharged accordingly.

Whether or not the contract expires is based upon the conditions included in the document. In the free template provided, Section 28 “Offer Expiration” allows the buyer to specify a date upon which the contract will automatically be revoked. However, it is not a required section and some purchase agreements may not contain it. In the event the contract does not contain this provision, it would expire automatically at the closing date. If an issue occurs and it’s been months since the contract’s signing, both parties can agree to terminate the agreement.

Except as otherwise expressly provided in this Agreement, in the event of any litigation brought in law or equity to enforce any material provision of this Agreement, the prevailing Party shall be entitled to recover its reasonable attorneys’ fees and court costs from the other Party.

In order to post ads, you are first going to need to create an account for each website. Once you have signed up, upload the photos of your property and insert the written description that you produced earlier within the corresponding text boxes. You may then publish the ad once you feel it is ready to be presented to the public. Congratulations! Your property is now displayed on a prominent home sales website. Now it’s time to sit back and await responses. (It also doesn’t hurt to inform friends, acquaintances, and family members of your available property by posting on your various social media accounts.

In the event of material loss of or damage to the Property prior to the date upon which Buyer assumes the risk, Seller shall not be obligated to restore the Property nor pay damages to Buyer by reason of such loss or damage, and Buyer may terminate this Agreement by giving notice of such termination to Seller and Closing Agent, and such termination shall be effective and the Deposit shall be refunded ten (10) days thereafter provided, however, that such termination shall not be effective if Seller agrees in writing within such ten (10) day period to restore the Property substantially to its present condition by the closing date and provided further that Buyer may elect to purchase the Property in the condition existing on the date of closing and on closing Seller shall assign to Buyer the proceeds of any policy of insurance carried by or for the benefit of Seller covering any loss or damage to the Property occurring after the date hereof and prior to the closing date.. In addition to other representations herein, Seller represents and warrants to Buyer as of the date of closing that.