Agreement To Buy or Sell Real Estate 1. BUYER: 4. DATE: ___________________________ (Date of this Agreement)
5. POSSESSION: ____________________
(projected)
2. SELLER:
6. TITLE TRANSFER:_______________
(projected)
3. PROPERTY:
7. CLOSING: _______________________
8. DEED BOOK VOLUME __________ PAGE __________ (obtain from current owner's existing deed)
9. LOT/BLOCK ___________________________________ (obtain from current owner's existing deed.)
10. CONVEYANCE: Seller Agrees To Transfer __________(Legal/Equitable) Title by
____________________________________ (General/Special/Limited/Quit Claim Deed)
11. PRICE: $_____________________
12. SUBJECT TO: $_____________________ (Subject To = Debts + Liens + Mortgages + Taxes) Buyer agrees to take title subject all existing encumbrances recorded against the Property at time of closing. The exact balance of all encumbrances to be determined as of the actual day of closing.
13. EQUITY: $___________________ (Equity = Price - Subject To)
14. PAYABLE: $____________________ Per ________________ (Month/Quarter/Year)
For __________________________
15. FIRST PAYMENT: The first payment is due __________days from the actual closing date.
(30 Minimum)
16. COLLATERAL: ________________________________________________________________ shall be the sole security for this Agreement.
17. FIRST RIGHT OF REFUSAL: The Payor of this note retains a first right of refusal in the event this note is ever offered for sale.
18. PREPAYMENT DISCOUNT: The Payor of this note may within _______ months from the first payment, prepay this note at a _______% discount.
19. ADVANCE PAYMENT DISCOUNT: The Payor of this note has the option to make advance payments (minimum of six months) and by doing so, these advance payments will be discounted by ___________% and paid in lieu of the total sum of the actual installment payment due for that same period.
20. EXTENDED PAYMENTS: The Payor reserves the right to miss __________ payments per __________ without penalty. Each missed payment shall be paid in succession after the last payment has been made and will extend the last payment accordingly.
21. INSPECTION: This offer is subject to the inspection and final approval of the property by the Buyer and/or the Buyers assigns prior to the actual closing date.
22. CONSIDERATION: $___________ has been paid by the __________________ to bind this Agreement. ($1.00) (Seller/Buyer)
23. EXPIRATION: This offer will expire if not accepted prior to ______ AM/PM ____________20____
24. NO COST TO SELLER: The Buyer will buy the property and handle the entire transaction at no cost to the seller.
25. ENTIRE AGREEMENT: This is the entire agreement between Buyer and Seller. No other agreements between Buyer and Seller are valid unless they are in writing and have been properly executed by all parties to this Agreement.
26. ADDITIONAL PROVISIONS:
________________________________________
Buyer Date
________________________________________
Buyer Date
________________________________________
Seller Date
________________________________________
Seller Date
BE ADVISED THAT THIS IS A LEGALLY BINDING AGREEMENT
ACKNOWLEDGMENT
State of
County of
On this the _________________ day of _______________________________ A.D., 20______ before me, a Notary Public, _________________________________________,
personally appeared known to me to be the person whose name is subscribed to within instrument and acknowledged that (he/she/they) executed the same for the purposes herein contained.
_________________________________________
Notary Public This document and accompanying materials are designed to provide authoritative information in regard to the subject matter covered in it. It is for illustration purposes only and presented with the understanding that the author and publisher are not engaged in rendering legal, accounting or other professional opinions. If legal advice or other expert assistance is required, the services of a competent professional should be sought. | 
