Example: stock market

PURCHASE AGREEMENT (IMPROVED PROPERTY)

PURCHASE AGREEMENT (IMPROVED PROPERTY) 1234567891011121314151617282930 313233343536373839404142 :("Buyer")agrees to buy the following property from the owner ("Seller") for the consideration and subject to the followingterms, provisions, and : The property (" property ") is known asin County,,Indiana,together with any existing permanent improvements and fixtures attached (unless leased or excluded), including,but not limited to, electrical and/or gas fixtures, home heating fuel, heating and central air-conditioning equipmentand all attachments thereto, built-in kitchen equipment, sump pumps, water softener, water purifier, gas grills,fireplace inserts, gas logs and grates, central vacuum equipment, window shades/blinds, curtain rods, drapery polesand fixtures, ceiling fans and light fixtures

1. The possession of the Property shall be delivered to Buyer at closing days beginning days after the acceptance of this Agreement and to make a diligent effort to meet the lender's requirements and to

Tags:

  Property, Agreement, Improved, Purchase, Purchase agreement, Improved property

Information

Domain:

Source:

Link to this page:

Please notify us if you found a problem with this document:

Other abuse

Transcription of PURCHASE AGREEMENT (IMPROVED PROPERTY)

1 PURCHASE AGREEMENT (IMPROVED PROPERTY) 1234567891011121314151617282930 313233343536373839404142 :("Buyer")agrees to buy the following property from the owner ("Seller") for the consideration and subject to the followingterms, provisions, and : The property (" property ") is known asin County,,Indiana,together with any existing permanent improvements and fixtures attached (unless leased or excluded), including,but not limited to, electrical and/or gas fixtures, home heating fuel, heating and central air-conditioning equipmentand all attachments thereto, built-in kitchen equipment, sump pumps, water softener, water purifier, gas grills,fireplace inserts, gas logs and grates, central vacuum equipment, window shades/blinds, curtain rods, drapery polesand fixtures, ceiling fans and light fixtures, towel racks and bars, storm doors, windows, awnings, TV antennas.

2 Buyer will pay the total PURCHASE price of ($ MONEY:as earnest money which shall be applied to thepurchase price at closing. Unless indicated otherwise in this AGREEMENT , the listing broker shall act as EscrowAgent and shall deposit Earnest Money received into its escrow account within two (2) banking days ofacceptance of this AGREEMENT and hold it until time of closing the transaction or termination of this money shall be returned promptly to Buyer in the event this offer is not accepted. If Buyer fails for anyreason to timely submit Earnest Money in the contracted amount, Seller may terminate this AGREEMENT uponnotice to Buyer prior to Escrow Agent's receipt of the Earnest Broker (Co.))

3 ()By()Selling Broker (Co.)()By()office codeoffice codeindividual codeindividual code181920212223242526274344454647484950 5152535456appraisal of the property , this AGREEMENT is contingent upon the property appraising at no less than the agreedTownship,55(zip code) legally described as:( property Address)Page 1 of 7 ( PURCHASE AGREEMENT )Phone:Fax:Produced with zipForm by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 mounts, satellite dishes, storage barns, all landscaping, mailbox, garage door opener with controls AND THEFOLLOWING.

4 57 EXCLUDES THE FOLLOWING:58)Dollars for the property . If Buyer obtains anupon PURCHASE price. If appraised value is less than the agreed upon PURCHASE price, either party may terminate thisAgreement or parties may mutually agree to amend the : Buyer submits $ : Upon notification that Buyer or Seller intends not to perform, and if Escrow Agent is theBroker, then Broker holding the Earnest Money may release the Earnest Money as provided in this no provision is made in this AGREEMENT , Broker may send to Buyer and Seller notice of the disbursement bycertified mail of the intended payee of the Earnest Money as permitted in 876 IAC 8-2-2.

5 If neither Buyer norSeller enters into a mutual release or initiates litigation within sixty (60) days of the mailing date of the certifiedletter, Broker may release the Earnest Money to the party identified in the certified letter. If the Escrow Agent isthe Broker, Broker shall be absolved from any responsibility to make payment to Seller or Buyer unless theparties enter into a Mutual Release or a Court issues an Order for payment, except as permitted in 876 IAC 8-2-2(release of earnest money). Buyer and Seller agree to hold the Broker harmless from any liability, includingattorney's fees and costs, for good faith disbursement of Earnest Money in accordance with this AGREEMENT andlicensing regulationsCopyright IAR Remedies/Default: If this offer is accepted and Buyer fails or refuses to close the transaction, withoutlegal cause, the earnest money shall be retained by Seller for damages Seller has or will incur.

6 Seller retains allrights to seek other legal and equitable remedies, which may include specific performance and additionalmonetary damages. All parties have the legal duty to use good faith and due diligence in completing the termsand conditions of this AGREEMENT . A material failure to perform any obligation under this AGREEMENT is a defaultwhich may subject the defaulting party to liability for damages and/or other legal remedies, which, as statedabove, may include specific performance and monetary damages in addition to loss of Earnest terms of this AGREEMENT will determine what items are included/excluded, not the Seller's DisclosureForm, multiple listing service or other promotional materials.

7 All items sold shall be fully paid for by Sellerat time of closing the transaction. Buyer should verify total square footage, land, room dimensions orcommunity amenities if material. 60msWoods Real Estate, LLC, 4111 Wythe Lane Indianapolis, IN 46250(317)410-0505 BlankRyan possession of the property shall be delivered to Buyerat closingdays beginningdays after the acceptance of this AGREEMENT and to make a diligent effort to meet the lender's requirements and toobtain financing in cooperation with the Broker and Seller. No more thanAgreement shall be allowed for obtaining loan approval or mortgage assumption approval.

8 If an approval is notpurpose is mutually agreed to in : , orwithindays after, whichever is later or this Agreementshall terminate unless an extension of time is mutually agreed to in writing. Any closing date earlier than theallowance, if provided)SellerShared :withinon or beforesentence of this paragraph, Seller shall pay Buyer $until possession is delivered to Buyer; and Buyer shall have all other legal and equitable remedies availableagainst the of property : Seller shall maintain the property in its present condition until its possession isdelivered to Buyer, subject to repairs in response to any inspection.

9 Buyer may inspect the property prior toclosing to determine whether Seller has complied with this paragraph. Seller shall remove all debris Loss: Risk of loss by damage or destruction to the property prior to the closing shall be borne bySeller, including any deductible(s). In the event any damage or destruction is not fully repaired prior to closing,Buyer, at Buyer's option, may either (a) terminate this AGREEMENT with prompt return of earnest money tobuyer or (b) elect to close the transaction, in which event Seller's right to all real property : (Attach Financing Addendum) SALES CONTRACT: (Attach Financing Addendum) METHOD OF PAYMENT: (Attach Financing Addendum) FOR OBTAINING FINANCING.

10 Buyer agrees to make written application for any financing necessaryto complete this transaction or for approval to assume the unpaid balance of the existing mortgage withinAny inspections and charges which are required to be made and charged to Buyer or Seller by the lender,FHA, VA, or mortgage insurer, shall be made and charged in accordance with their prevailing rules orregulations and shall supersede any provisions of this with zipForm by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 after acceptance of theobtained within the time specified above, this AGREEMENT may terminate unless an extension of time for thisorif closed.


Related search queries