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    Ricoh Legal Contract 2008102111114

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    percha538
    This document is a contract of sale for a residential property. It outlines the purchase agreement between a buyer and seller, including the property address, purchase price, and manner of payment. The purchase price will be paid with an initial deposit, additional deposit if required, and the balance in cash, certified check, or attorney trust account check at closing. If the buyer needs a mortgage, they will apply immediately and notify the seller by a certain date if not approved or if choosing not to get a mortgage. The closing will occur on or before a specified date.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Ricoh Legal Contract 2008102111114

    Uploaded by

    percha538
    6 views1 page
    This document is a contract of sale for a residential property. It outlines the purchase agreement between a buyer and seller, including the property address, purchase price, and manner of payment. The purchase price will be paid with an initial deposit, additional deposit if required, and the balance in cash, certified check, or attorney trust account check at closing. If the buyer needs a mortgage, they will apply immediately and notify the seller by a certain date if not approved or if choosing not to get a mortgage. The closing will occur on or before a specified date.

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    Ricoh_Legal_Contract_2008102111114

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    This document is a contract of sale for a residential property. It outlines the purchase agreement between a buyer and seller, including the property address, purchase price, and manner of payment. The purchase price will be paid with an initial deposit, additional deposit if required, and the balance in cash, certified check, or attorney trust account check at closing. If the buyer needs a mortgage, they will apply immediately and notify the seller by a certain date if not approved or if choosing not to get a mortgage. The closing will occur on or before a specified date.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    6 views1 page

    Ricoh Legal Contract 2008102111114

    Uploaded by

    percha538
    This document is a contract of sale for a residential property. It outlines the purchase agreement between a buyer and seller, including the property address, purchase price, and manner of payment. The purchase price will be paid with an initial deposit, additional deposit if required, and the balance in cash, certified check, or attorney trust account check at closing. If the buyer needs a mortgage, they will apply immediately and notify the seller by a certain date if not approved or if choosing not to get a mortgage. The closing will occur on or before a specified date.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    CONTRACT OF SALE

    THIS FORM MAY BE USED ONLY IN THE SALE OF A ONE TO FOUR FAMILY RESIDENTIAL PROPERTY OR
    VACANT ONE FAMILY LOTS. THIS FORM IS SUITABLE FOR USE ONLY WHERE THE SELLER HAS PREVI-
    OUSLY EXECUTED A WRITTEN LISTING AGREEMENT.

    1. PURCHASE AGREEMENT AND PROPERTY DESCRIPTION:


    ______________________________________________ _________________________________________, Buyer,
    whose address is ____________________________________________________________________________________
    AGREES TO PURCHASE FROM
    _______________________________________ _______________________________________________. Seller.
    Whose address is________________________________________________________
    THROUGH THE BROKER(S) NAMED IN THIS AGREEMENT AT THE PRICE AND TERMS STATED
    BELOW, THE FOLLOWING PROPERTY:
    Property Address:___________________________________________________________________________________
    Shown on the municipal tax map of _________________________________________________
    County_____________________________
    As Lot______________ Block_________________ Approximate size of lot ____________________________________

    THE WORDS “BUYER” AND “SELLER” INCLUDE ALL BUYERS AND SELLERS LISTED ABOVE.

    2. PURCHASE PRICE: THE TOTAL PURCHASE PRICE IS: $___________________

    3. MANNER OF PAYMENT:

    (A) Deposit paid by buyer on signing of this agreement to n listing broker or n participating $___________________
    broker, by n cash or n check, for which this is a receipt:

    (B) Additional deposit to be paid by Buyer on or before____________________________(date): $___________________

    All deposit monies paid by the Buyer shall be held in escrow in the NON-INTEREST BEAR-
    ING TRUST ACCOUNT of ______________________________, Escrowee, until closing of title,
    at which time all monies shall be paid over to the Seller. The deposit monies shall not be paid over
    to the seller prior to the closing of title, unless agreed in writing by both the Buyer and Seller. In the
    event the Buyer and seller cannot agree on the disbursement of these escrow monies, the Escrowee may
    place the deposit monies in Court requesting the Court to resolve the dispute.

    (c) IF PERFORMANCE BY BUYER IS CONTINGENT UPON OBTAINING A MORTGAGE.


    The Buyer agrees to apply immediately for a mortgage loan through any lending institution of the
    Buyer’s choice or the office of the Listing Broker or the Participating Broker. The application shall be
    furnished by the Buyer in writing on an application form prescribed by the lending institution to which
    the application shall be submitted. Buyer shall also furnish, in a timely manner, such other documents
    and information as is usually required by said lending institution. Failure of Buyer to comply with the
    foregoing, in good faith, shall be deemed a breach of this Contract of Sale. The amount of mortgage
    loan required by the Buyer is $____________ and will be what is commonly known as the n (F.H.A.)
    n (V.A.) n (Conventional) n (A.R.M.) ___________ year direct reduction plan with interest at no
    more than _____________ % and not more than _____________ Points. IF THE MORTGAGE
    LOAN HAS NOT BEEN ARRANGED, OR IF THE BUYER HAS NOT NOTIFIED SELLER OF
    BUYER’S DECISION TO COMPLETE THE TRANSACTION WITHOUT OBTAINING A
    MORTGAGE COMMITMENT, ON OR BEFORE _____________NOTICE TO THE OTHER
    PARTY. The method of notifying the other party shall be in accordance with Section 21 of the
    Agreement. $___________________

    (D) BALANCE OF PURCHASE PRICE.


    The balance of the purchase price shall be paid by cash, certified check or Attorney’s Trust Account
    check on delivery of a ________________________________________________ (Type of Deed).
    Title to the Property will be free from all claims or rights of others, except as described in Sections 6,
    7 and 8 of this Agreement. The deed shall contain the full legal description of the Property. Payment of
    the balance of the purchase price by Buyer and delivery of the deed and affidavit of title by Seller occur
    at the “Closing.” The Closing will take place on or before ____________________, at the office of
    _________________________ or such other place as the Seller and the Buyer may agree. $___________________

    TOTAL PURCHASE PRICE: $___________________

    This is a demo original. Not intended for use. Buyer’s Seller’s


    PRINTED ON A RICOH DIGITAL COLOR SYSTEM Initials:__________Initials:___________

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