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SALES AGREEMENT
PURCHASER:
SELLER:
Name:
Name:
Name:
Name:
Address:
Address:
The undersigned buyer hereby offers to purchase the real property owned by the seller and located at
on the following terms and conditions:
TERMS AND CONDITIONS
1. Purchase Price
2. Good faith deposit
3. Down payment payable on Formal Contract (including above deposit)
4. Subject to a mortgage of
5. Cash on closing
6. Seller's Concession
*NET TOTAL TO SELLER (minus seller's concession)
$
$
$
$
$
$(
$
*The actual Seller's Net at closing could be less after payoffs of existing mortgages, transfer fees, brokerage fees, etc. from Seller's proceeds
at closing
It is further understood and agreed that if this offer is not accepted by the seller in writing, the above good faith deposit will be totally refunded to the
buyer. IN THE EVENT, HOWEVER, THE SELLER DOES ACCEPT THIS OFFER IN WRITING, THEN SAID GOOD FAITH DEPOSIT WILL
BE DELIVERED TO THE SELLER AND THE BUYER WILL PROCEED TO COMPLETE THE TRANSACTION IN ACCORDANCE WITH
THIS PURCHASE AGREEMENT.
FINANCING
This sale is subject to and conditioned upon the buyer obtaining a (variable) (fixed rate) mortgage in the amount of $
with
interest at prevailing rate amortized over a period of not less than
years. Buyer understands that he/she/they are obligated to
make a good faith effort to obtain such financing.
The mortgage commitment to be obtained within
contract is to be signed by the parties on or about
days from the date hereof, or the date of a formal contract, whichever is later. A formal
.
PERSONAL PROPERTY
The following personal property is included in the sale and is represented by seller to be in working order. Exclusions are:
.
CLOSING
Location and address:
purchase price will be delivered by the buyer to the seller at the date of the closing which will take place on or about
ARBITRATION
Any dispute in which a real estate broker is claiming a commission from a party hereto as a result of the transaction set forth in this agreement, and where the dispute
involves a sum of money more than $6,000, shall be resolved by arbitration before one single arbitrator. The arbitration shall be held in the county in which the real
estate, which is the subject matter of this agreement, is located. The arbitration shall be governed by the commercial rules of the National Arbitration Association. The
prevailing party in the arbitration shall be entitled to recoup all of its costs, including, but not limited to, all fees paid to the National Arbitration Association, the
arbitrator, any other administrative fees and reasonable attorney fees. Any Award of the Arbitrator shall be final and conclusive upon the parties hereto and a Judgment
thereon may be entered in the highest court of the State of New York having jurisdiction. Nothing herein contained shall prevent a broker from commencing an action,
as law or equity where such action is necessary, for the broker to obtain injunctive or other temporary relief such as the relief provided in CPLR 2701.
COMPLETE AGREEMENT
Buyer and Seller acknowledge and agree that no representations, warranties or agreements have been made with respect to the premises or the purchase price hereof
other than those set forth in the agreement. Buyer and Seller further agree that this agreement cannot be changed or modified in any way except by writing signed by
both buyer and seller.
Purchaser(s)
Broker
Attorney for Purchaser:
Tel #:
Owner/Seller(s)
by
Attorney for Seller:
Tel #:
3/2015
2015 Coldwell Banker Residential Brokerage. All Rights Reserved. Coldwell Banker Residential Brokerage fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Operated by a subsidiary of
NRT LLC. Coldwell Banker and the Coldwell Banker logo are registered service marks owned by Coldwell Banker Real Estate LLC.
Test Buyer