VIEWS: 11,493 PAGES: 10 CATEGORY: Buying a Home POSTED ON: 12/13/2007
Agreement to purchase real estate laying out the price, financing terms, and other material terms.
Real Estate Purchase Offer This document can be used as a first offer to purchase real property and a starting point for negotiations. It sets forth the material terms of the offer, such as financing terms, expiration date, marketable title requirements and default provisions. This template contains standard terms and conditions commonly found in a purchase offer, as well as opportunities for customization. This should be used by potential purchasers of real property when making an offer. OFFER TO PURCHASE REAL PROPERTY The property referred to herein shall be identified as follows: the land and buildings situated on and together with land containing _______________Square Feet, more or less, located at _____________________________________________ and further described in the __________________________County Registry of Deeds Book ________ Page ________ (hereinafter the “Property”). I, ________ (hereinafter “Buyer”), hereby offer to buy said Property for a total purchase price of _______ dollars ($__) on the following terms and conditions (hereinafter the “Offer”): TERMS 1. FINANCING TERMS a) Obtaining the loan(s) referenced in Paragraph (c) and Paragraph (d) of this Financing Terms Paragraph is a contingency of this Offer. b) Initial Deposit: c) First Loan in the Amount of: d) Additional Financing Terms: e) Balance of Purchase Price: 2. EXPIRATION OF OFFER The Offer set forth herein shall be deemed revoked and the Initial Deposit shall be returned unless the Offer is signed by Seller and a copy of the signed Offer is personally received by Buyer on or before [TIME] on [DATE]. 3. FURTHER ASSURANCES The parties hereto shall, on or before _____________________ AM/PM on ______________, _____ execute a [APPLICABLE STANDARD FORM] or any form substantially similar thereto, which, when executed, shall more fully memorialize the terms and conditions of the Offer as between the parties. 4. MARKETABLE TITLE A good and sufficient deed, conveying a good and clear record and marketable title shall be delivered by _______ Noon on __________________, ________, at the appropriate Registry of Deeds, unless some other time and place are mutually agreed upon in writing. 5. DEFAULT If Buyer does not fulfill its obligations under this Offer, the above mentioned Initial Deposit shall be forfeited by Buyer and shall become property of the Seller. 6. TIME IS OF THE ESSENCE Time is of the essence with respect to all provisions of this Offer [specify a time for performance]; provided, however, that the foregoing shall not be construed to limit or deprive a party of the benefits of any grace or use period allowed herein. SIGNED BY: __________________________________ [BUYER’S NAME] ACCEPTED BY: __________________________________ [SELLER’S NAME] © Copyright 2013 Docstoc Inc. 3
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