The Buyer Who is the Buyer? Who is the Buyer? a Business EntityIndividual(s) How many Individuals? Select12345678910 Enter the Buyer's Business Entity Name Buyer's Name 2nd Buyer's Name 3rd Buyer's Name 4th Buyer's Name 5th Buyer's Name 6th Buyer's Name 7th Buyer's Name 8th Buyer's Name 9th Buyer's Name 10th Buyer's Name Do you know the Buyer's mailing address? Do you know the Buyer's mailing address? Yes (recommended)No Recommended but not required. Buyer's Mailing Address Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code Do you wish to include another mailing address for 2nd Buyer? Do you wish to include another mailing address for 2nd Buyer? YesNo 2nd Buyer's Mailing Address Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code The Seller Do you know the Seller's Name and Address? Do you know the Seller's Name and Address? YesNo Owner's name and mailing address Who is the Seller? Who is the Seller? a Business EntityIndividual(s) How many Individuals? Select12345678910 Seller's Business Entity Name Seller's Name 2nd Seller's Name 3rd Seller's Name 4th Buyer's Name 5th Seller's Name 6th Seller's Name 7th Seller's Name 8th Seller's Name 9th Seller's Name 10th Seller's Name Do you know the Seller's mailing address? Do you know the Seller's mailing address? YesNo Seller's Mailing Address Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code Do you wish to include a different mailing address for 2nd Seller? Do you wish to include a different mailing address for 2nd Seller? YesNo 2nd Seller's Mailing Address Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code Do you wish to include a mailing address for 2nd Seller? Do you wish to include a mailing address for 2nd Seller? YesNo 2nd Seller's Mailing Address Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code Do you wish to include a mailing address for 3rd Seller? Do you wish to include a mailing address for 3rd Seller? YesNo 3rd Seller's Mailing Address Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code Property Size Do you know the Land Area? Do you know the Land Area? YesNo The total amount of land being purchased either in Acres (AC) or Square Feet (SF). Land Area Acres (AC)Square Feet (SF) Street Address Do you know the Street Address of the Property? Do you know the Street Address of the Property? YesNo Some undeveloped lands do not have a street or mailing address. The address may be found at the local city or county assessor's office. Enter the Property's Street or Mailing Address Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code Legal Description Do you know the Parcel ID or the Tax Map and Lot Numbers? Do you know the Parcel ID or the Tax Map and Lot Numbers? YesNo Enter the Parcel ID or Tax Map and Lot Numbers: This should be found at the local city or county assessor's office. Other Description Is there ANY OTHER DESCRIPTION of the Property you would like enter? Is there ANY OTHER DESCRIPTION of the Property you would like enter? YesNo Enter Other Property Details: Purchase Price $ Earnest Money Deposit Will there be an Earnest Money Deposit? Will there be an Earnest Money Deposit? YesNo This is provided in the event the Buyer does not perform on this Agreement, the Seller will be entitled to these funds unless this Agreement is contingent upon something else such as financing, selling another home, etc. Enter the Amount ($) $ Earnest Money Deadline The Buyer will have to pay the Earnest Money by Time AMPM Trust or Escrow Account Will the Earnest Money be placed in a Trust or Escrow Account? Will the Earnest Money be placed in a Trust or Escrow Account? YesNoI don't know Financing Will this Agreement be contingent upon the Buyer receiving financing? Will this Agreement be contingent upon the Buyer receiving financing? YesNo Select 'Yes' if the Buyer will need a loan or mortgage in order to purchase the Property. Buyer must provide PROOF to the Seller they can purchase the Property by Time AMPM What type of Financing will the Buyer be needing? What type of Financing will the Buyer be needing? Conventional (Mortgage) LoanFHA Loan (attach the FHA/VA Addendum)VA Loan (attach the FHA/VA Addendum)Seller FinancingOther Buyer agrees to get financing through: Proof of Funds Has the Buyer already been approved by the Seller for Financing? Has the Buyer already been approved by the Seller for Financing? YesNo If not, the Buyer will be required to provide documentation to the Seller in the form of tax returns, proof of income, investments, etc. Afterward, the Seller will be required to approve the Buyer by a specific date. Seller must APPROVE the Buyer by: This should be enough time for the Seller to review the assets, liabilities, and income of the Buyer. If the Buyr is not approved for financing, they will have their earnest money deposit returned. Does the Buyer need to prove they can obtain financing BEFORE the Closing? Does the Buyer need to prove they can obtain financing BEFORE the Closing? YesNo This is recommended. The Buyer will usually be required to show a Pre-Qualification Letter to the Seller within 15 days of this Agreement being signed. When will the Buyer be required to prove they can obtain financing? Terms of Loan (mortgage) Below are the terms of the mortgage. It is common for the Buyer to put down 20% of the purchase price with the remaining balance be a mortgage. The term is usually 30 years with a current interest rate for the full term. Loan Amount $(commonly 80% of the purchase price) Down Payment $ 20% of the Purchase Price (common practice) Interest Rate (%) per Annum % Use Wells Fargo for the most current mortgage rates. Term (length of loan) 30 years is most common. MonthsYears Inspection Period When does the Buyer's INSPECTION PERIOD end? The LAST DAY the Buyer can have contractors to inspect the Property. This is NOT the Due Diligence Period (which will be the next section). Due Diligence Period When is the LAST DAY the Buyer can report Defects or Issues on the Property? This is AFTER all tests and inspections have been completed. This is the Due Diligence Period. If Defects are found, how long will the Buyer and Seller have to re-negotiate? Days If the renegotiations are not successful, the Buyer will have their Earnest Money Deposit returned. Selling Another Property Is this Agreement contingent on the Buyer selling their Property first? Is this Agreement contingent on the Buyer selling their Property first? YesNo In some cases, the Buyer may only be able to purchase the Property if they can sell another property by a specific date. This will provide added risk to the Buyer's availability to purchase the Property. Usually, Sellers in this position will demand a higher purchase price, especially, if there are other offers presented to the Seller. When is the Buyer's Property required to sell by? Time AMPM Enter the Buyer's Property Address Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code If the Buyer's Property does not sell, the Earnest Money shall be returned to If the Buyer's Property does not sell, the Earnest Money shall be returned to the Buyerthe Seller Closing Costs Who will be responsible for the Closing Costs? Who will be responsible for the Closing Costs? BuyerBoth Parties (shared equally)Seller Closing Costs may include loan origination fees, discount points, appraisal fees, title searches, title insurance, surveys, taxes, deed-recording fees and credit report charges. Closing Date When is the LAST DAY the Closing must occur? Time AMPM Survey Issues Survey problems must be presented to the Seller on or before How long will the Seller have to remediate any Survey Problems? Days Mineral Rights Will the Seller be keeping any Mineral Rights to the Property? Will the Seller be keeping any Mineral Rights to the Property? YesNo These are rights under the soil such as water, gas, oil or any type of mineral rights. What type of Mineral Rights will the Seller be retaining? What type of Mineral Rights will the Seller be retaining? All RightsSpecific Rights Type of Mineral Rights: Deed Radio Buttons: What type of Deed is valid to transfer the Property? Radio Buttons: What type of Deed is valid to transfer the Property? Warranty Deed (recommended)Special Warranty DeedQuit Claim DeedGrant DeedOther Enter Deed Type: Title Search Review How many days will the Buyer have to review the Title Search Report? Days In all Property transactions, an official lookup of the title will need to be completed known as the Title Search Report. After it's completed, the Buyer is usually given a time-frame to review it such as five (5) days. Title Issues If defects are found in the Title, how many Days will the Seller have to correct it? Days Appraisal Is this Agreement contingent on the Property appraising to equal or more value than the Purchase Price? Is this Agreement contingent on the Property appraising to equal or more value than the Purchase Price? YesNo In cases where the Buyer is needing financing from a bank to purchase the Property, a common condition is that the Property will need to "appraise" for equal or more than the value of the Purchase Price. if the Property does not appraise, how long will the re-negotiation period be? Days Offer Valid For When must BOTH the Buyer and Seller sign this Agreement? In other words, this Agreement acts as an offer to buy a property. The date above is the last day the Seller has to agree to the terms. Time AMPM Attached Documents Will there be any ATTACHED DOCUMENTS to this Agreement? Will there be any ATTACHED DOCUMENTS to this Agreement? YesNo Such as Disclosures, Addendums, or Reports. Name of Attachment Add another? Add another? YesNo 2nd Attachment - Title Add another? Add another? YesNo 3rd Attachment - Title Add another? Add another? YesNo 4th Attachment - Title Add another? Add another? YesNo 5th Attachment - Title Add another? Add another? YesNo 6th Attachment - Title Add another? Add another? YesNo 7th Attachment - Title Add another? Add another? YesNo 8th Attachment - Title Add another? Add another? YesNo 9th Attachment - Title Add another? Add another? YesNo 10th Attachment - Title Add Additional Terms & Conditions? Add Additional Terms & Conditions? YesNo If there is anything that must be added to this Agreement that has not been previously mentioned. Additional Terms & Conditions: Date Date of this Agreement Usually today's date Next Save Save and finish later
