Example: bachelor of science

THIS FORM HAS BEEN APPROVED BY THE FLORIDA …

FAR/BAR-7s Rev. 7/04 2004 FLORIDA Association of REALTORS and The FLORIDA Bar All Rights Reserved Page 1 of 4 PARTIES:_____( Seller ),and_____( Buyer ),hereby agree that Seller shall sell and Buyer shall buy the following described Real Property and Personal Property (collectively Property ) pursuant to the terms and conditions of this contract for Sale and purchase and any riders and addenda ( contract ):I. DESCRIPTION:(a) Legal description of the Real Property located in_____ County, FLORIDA : _____(b) Street address, city, zip, of the Property:_____(c) Personal Property includes existing range(s), refrigerator(s), dishwasher(s), ceiling fan(s), light fixture(s), and window treatment(s) unless specifically excluded items included are: _____Items of Personal Property (and leased items, if any) excluded are: _____II. purchase PRICE( currency): .. $ _____PAYMENT:(a) Deposit held in escrow by_____(Escrow Agent) in the amount of (checks subject to clearance)$_____(b) Additional escrow deposit to be made to Escrow Agent within _____ days after Effective Date(see Paragraph III) in the amount of.

Contract For Sale And Purchase FLORIDA ASSOCIATION OF REALTORS ... If the real property includes pre-1978 residential housing then a lead-based paint rider is mandatory. (f) If Seller is a “foreign person” as defined by the Foreign Investment in Real Property …

Tags:

  Seal, Contract, Florida, Residential, Purchase, Sale and purchase florida

Information

Domain:

Source:

Link to this page:

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

Other abuse

Transcription of THIS FORM HAS BEEN APPROVED BY THE FLORIDA …

1 FAR/BAR-7s Rev. 7/04 2004 FLORIDA Association of REALTORS and The FLORIDA Bar All Rights Reserved Page 1 of 4 PARTIES:_____( Seller ),and_____( Buyer ),hereby agree that Seller shall sell and Buyer shall buy the following described Real Property and Personal Property (collectively Property ) pursuant to the terms and conditions of this contract for Sale and purchase and any riders and addenda ( contract ):I. DESCRIPTION:(a) Legal description of the Real Property located in_____ County, FLORIDA : _____(b) Street address, city, zip, of the Property:_____(c) Personal Property includes existing range(s), refrigerator(s), dishwasher(s), ceiling fan(s), light fixture(s), and window treatment(s) unless specifically excluded items included are: _____Items of Personal Property (and leased items, if any) excluded are: _____II. purchase PRICE( currency): .. $ _____PAYMENT:(a) Deposit held in escrow by_____(Escrow Agent) in the amount of (checks subject to clearance)$_____(b) Additional escrow deposit to be made to Escrow Agent within _____ days after Effective Date(see Paragraph III) in the amount of.

2 $_____(c) Financing (see Paragraph IV) in the amount of .. $_____(d) Other .. $_____(e) Balance to close by cash, wire transfer or LOCALLY DRAWN cashier s or official bank check(s), subjectto adjustments or prorations .. $_____III. TIME FOR ACCEPTANCE OF OFFER AND COUNTEROFFERS; EFFECTIVE DATE:(a) If this offer is not executed by and delivered to all parties OR FACT OF EXECUTION communicated in writing between the parties on orbefore _____, the deposit(s) will, at Buyer s option, be returned and this offer withdrawn. UNLESS OTH-ERWISE STATED, THE TIME FOR ACCEPTANCE OF ANY COUNTEROFFERS SHALL BE 2 DAYS FROM THE DATE THE COUN-TEROFFER IS DELIVERED.(b) The date of contract ( Effective Date ) will be the date when the last one of the Buyer and Seller has signed or initialed this offer or thefinal counteroffer. If such date is not otherwise set forth in this contract , then the Effective Date shall be the date determined above foracceptance of this offer or, if applicable, the final FINANCING: (a) This is a cash transaction with no contingencies for financing; (b) This contract is contingent on Buyer obtaining approval of a loan ( Loan Approval ) within _____ days (if blank, then 30 days) afterEffective Date ( Loan Approval Date ) for (CHECK ONLY ONE): a fixed; an adjustable; or a fixed or adjustable rate loan, in the prin-cipal amount of $_____, at an initial interest rate not to exceed _____%, discount and origination fees not to exceed_____% of principal amount, and for a term of _____ years.

3 Buyer will make application within _____ days (if blank, then 5 days) afterEffective Date. Buyer shall use reasonable diligence to: obtain Loan Approval and notify Seller in writing of Loan Approval by LoanApproval Date; satisfy terms and conditions of the Loan Approval; and close the loan. Loan Approval which requires a condition related tothe sale of other property shall not be deemed Loan Approval for purposes of this subparagraph. Buyer shall pay all loan expenses. If Buyerdoes not deliver written notice to Seller by Loan Approval Date stating Buyer has either obtained Loan Approval or waived this financing con-tingency, then either party may cancel this contract by delivering written notice ( Cancellation Notice ) to the other, not later than seven (7)days prior to Closing. Seller s Cancellation Notice must state that Buyer has three (3) days to deliver to Seller written notice waiving thisfinancing contingency.

4 If Buyer has used due diligence and has not obtained Loan Approval before cancellation as provided above, Buyershall be refunded the deposit(s). Unless this financing contingency has been waived, this contract shall remain subject to the satisfaction,by Closing, of those conditions of Loan Approval related to the Property; (c) Assumption of existing mortgage (see rider for terms); or (d) purchase money note and mortgage to Seller (see Standards B and K and riders; addenda; or special clauses for terms).V. TITLE EVIDENCE:At least ____ days (if blank, then 5 days) before Closing a title insurance commitment with legible copies of instrumentslisted as exceptions attached thereto ( Title Commitment ) and, after Closing, an owner s policy of title insurance (see Standard A for terms) shallbe obtained by:(CHECK ONLY ONE): (1) Seller, at Seller s expense and delivered to Buyer or Buyer s attorney; or (2) Buyer at Buyer s expense.(CHECK HERE): If an abstract of title is to be furnished instead of title insurance, and attach rider for CLOSING DATE:This transaction shall be closed and the closing documents delivered on _____ ( Closing ), unlessmodified by other provisions of this contract .

5 If Buyer is unable to obtain Hazard, Wind, Flood, or Homeowners insurance at a reasonable ratedue to extreme weather conditions, Buyer may delay Closing for up to 5 days after such coverage becomes RESTRICTIONS; EASEMENTS; LIMITATIONS:Seller shall convey marketable title subject to: comprehensive land use plans, zoning,restrictions, prohibitions and other requirements imposed by governmental authority; restrictions and matters appearing on the plat or otherwise1*2*3456*7*8*9*101112*13*14*15* 16*1718*19*20*21*22*2324*252627*28293031 323334*35*36*37*38*39404142434445464748* 49*50*515253*54*55*56*57585960 contract For Sale And PurchaseFLORIDA ASSOCIATION OF REALTORS AND THE FLORIDA BAR THIS FORM HAS BEEN APPROVED BY THE FLORIDA ASSOCIATION OF REALTORS AND THE FLORIDA BARFAR/BAR-7s Rev. 7/04 2004 FLORIDA Association of REALTORS and The FLORIDA Bar All Rights Reserved Page 2 of 4common to the subdivision; outstanding oil, gas and mineral rights of record without right of entry; unplatted public utility easements of record(located contiguous to real property lines and not more than 10 feet in width as to the rear or front lines and 7 1/2 feet in width as to the sidelines); taxes for year of Closing and subsequent years; and assumed mortgages and purchase money mortgages, if any (if additional items, seeaddendum); provided, that there exists at Closing no violation of the foregoing and none prevent use of the Property for_____ purpose(s).

6 VIII. OCCUPANCY:Seller shall deliver occupancy of Property to Buyer at time of Closing unless otherwise stated herein. If Property is intendedto be rented or occupied beyond Closing, the fact and terms thereof and the tenant(s) or occupants shall be disclosed pursuant to Standard occupancy is to be delivered before Closing, Buyer assumes all risks of loss to Property from date of occupancy, shall be responsible and liablefor maintenance from that date, and shall be deemed to have accepted Property in its existing condition as of time of taking TYPEWRITTEN OR HANDWRITTEN PROVISIONS:Typewritten or handwritten provisions, riders and addenda shall control all printed pro-visions of this contract in conflict with ASSIGNABILITY:(CHECK ONLY ONE): Buyer may assign and thereby be released from any further liability under this contract ; mayassign but not be released from liability under this contract ; or may not assign this DISCLOSURES:(a) CHECK HERE if the Property is subject to a special assessment lien imposed by a public body payable in installments which continue beyond Closing and, if so, specify who shall pay amounts due after Closing: Seller Buyer Other (see addendum).

7 (b) Radon is a naturally occurring radioactive gas that when accumulated in a building in sufficient quantities may present health risks to per-sons who are exposed to it over time. Levels of radon that exceed federal and state guidelines have been found in buildings in information regarding radon or radon testing may be obtained from your County Public Health unit.(c) Mold is naturally occurring and may cause health risks or damage to property. If Buyer is concerned or desires additional informationregarding mold, Buyer should contact an appropriate professional.(d) Buyer acknowledges receipt of the FLORIDA Energy-Efficiency Rating Information Brochure required by Section , (e) If the real property includes pre-1978 residential housing then a lead-based paint rider is mandatory.(f) If Seller is a foreign person as defined by the Foreign Investment in Real Property Tax Act, the parties shall comply with that Act.

8 (g) BUYER SHOULD NOT EXECUTE THIS contract UNTIL BUYER HAS RECEIVED AND READ THE HOMEOWNERS ASSOCIA-TION/COMMUNITY DISCLOSURE.(h) PROPERTY TAX DISCLOSURE SUMMARY: BUYER SHOULD NOT RELY ON THE SELLER S CURRENT PROPERTY TAXES AS THE AMOUNTOF PROPERTY TAXES THAT THE BUYER MAY BE OBLIGATED TO PAY IN THE YEAR SUBSEQUENT TO purchase . A CHANGE OF OWNER-SHIP OR PROPERTY IMPROVEMENTS TRIGGERS REASSESSMENTS OF THE PROPERTY THAT COULD RESULT IN HIGHER PROPERTY YOU HAVE ANY QUESTIONS CONCERNING VALUATION, CONTACT THE COUNTY PROPERTY APPRAISER S OFFICE FOR MAXIMUM REPAIR COSTS: Seller shall not be responsible for payments in excess of:(a) $_____for treatment and repair under Standard D (if blank, then of the purchase Price).(b) $_____for repair and replacement under Standard N not caused by Wood Destroying Organisms (if blank, then the purchase Price).XIII. HOME WARRANTY: Seller Buyer N/A will pay for a home warranty plan issued by _____at a cost not to exceed $ RIDERS; ADDENDA; SPECIAL CLAUSES: CHECK those riders which are applicable AND are attached to and made part of this contract : CONDOMINIUM VA/FHA HOMEOWNERS ASSN.

9 LEAD-BASED PAINT COASTAL CONSTRUCTION CONTROL LINE INSULATION AS IS Other Comprehensive Rider Provisions AddendaSpecial Clause(s): _____XV. STANDARDS FOR REAL ESTATE TRANSACTIONS ( Standards ):Buyer and Seller acknowledge receipt of a copy of Standards Athrough Y on the reverse side or attached, which are incorporated as part of this IS INTENDED TO BE A LEGALLY BINDING contract . IF NOT FULLY UNDERSTOOD, SEEK THE ADVICE OF AN ATTORNEY PRIOR TO FORM HAS BEEN APPROVED BY THE FLORIDA ASSOCIATION OF REALTORS AND THE FLORIDA does not constitute an opinion that any of the terms and conditions in this contract should be accepted by the parties in a particular transaction. Terms and conditions should be negotiated based upon the respective interests, objectives and bargaining positions of all interested ASTERISK(*) FOLLOWING A LINE NUMBER IN THE MARGIN INDICATES THE LINE CONTAINS A BLANK TO BE (BUYER)(DATE)(SELLER)(DATE)_____(BUYER)( DATE)(SELLER)(DATE)Buyers address for purposes of notice _____Sellers address for purposes of notice _____ Phone_____ PhoneBROKERS: The brokers (including cooperating brokers, if any) named below are the only brokers entitled to compensation in connection withthis contract :Name: _____Cooperating Brokers, if anyListing Broker6162636465*66676869707172*73*7475* 76*77787980818283848586878889909192*93*9 495*96*9798*99*100*101*102*103*104105106 107108109110111112113*114115*116117*118* 119*120121122*123 FAR/BAR-7s Rev.

10 7/04 2004 FLORIDA Association of REALTORS and The FLORIDA Bar All Rights Reserved Page 3 of 4124125126127128129130131132133134135136 1371381391401411421431441451461471481491 5015115215315415515615715815916016116216 3164165166167168169170171172173174175176 1771781791801811821831841851861871881891 90191192193194195196197 STANDARDS FOR REAL ESTATE TRANSACTIONSA. TITLE INSURANCE:The Title Commitment shall be issued by a FLORIDA licensed title insurer agreeing to issue Buyer, upon recording of the deed to Buyer, anowner s policy of title insurance in the amount of the purchase price, insuring Buyer s marketable title to the Real Property, subject only to matters contained inParagraph VII and those to be discharged by Seller at or before Closing. Marketable title shall be determined according to applicable Title Standards adopted byauthority of The FLORIDA Bar and in accordance with law. Buyer shall have 5 days from date of receiving the Title Commitment to examine it, and if title is found defec-tive, notify Seller in writing specifying defect(s) which render title unmarketable.


Related search queries