Grand Offer Purchase Agreement Updated 11.2023
Grand Offer Purchase Agreement Updated 11.2023
Grand Offer Purchase Agreement Updated 11.2023
us/cOMK-DypO-p730
DocuSign Envelope ID: 021CF8B7-3DC3-4196-A63E-DD24CFE5DC2B
30-2001-007-1810
PID: ______________________________________________________________________
COUNTRY LAKE MANORS SEC 3 PB 119-50 LOT 17 BLK 25 LOT SIZE 8429 SQ
Legal Description of Real Estate: ____________________________________________________
FT OR 14972-1245 0391 1
_________________________________________________________________________
Description includes any fixtures, window and floor coverings, built-in appliances, draperies including hardware, shades,
blinds, window and door screens, awnings, outdoor plants, trees, and other permanently attached items now on premises.
I. PURCHASE PRICE.
480,000
The Seller agrees to convey property to Buyer for the sum of $__________________________
1000
with earnest money deposit in the amount of $ __________________________
1) Effective Date shall be the date when the last one of the buyer and seller has signed or initiated this offer.
2) Expiration of Offer: If the offer made on this contract is not accepted and executed by 2/8/2024
______________________,
3) Closing Date: Unless modified by other provisions of this Agreement, the closing of this transaction shall occur within
5/10/2024
_________ days from the effective of this Agreement. Time is of the essence.
HC
BUYER INITIALS: __________ 02/01/24
2:37 PM EST
dotloop verified
5) Normal Closings costs, identified as: (i) State documentary transfer taxes, (ii) title search fee, (iii) title insurance
premiums (iv) municipal lien search fee, (v) closing settlement fee, (vi) association estoppel fee, and (vii) deed recording
costs are to be Paid in full by Buyer.
6) Property Taxes, Liens, Judgements, Encumbrances, Utilities, Mortgages, governmental and association assessments, and
other encumbrances against the property shall be cured and satisfied in full by the Seller as soon as possible, but in any
event no later than at the time of closing.
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DocuSign Envelope ID: 021CF8B7-3DC3-4196-A63E-DD24CFE5DC2B
7) Taxes for the year of the closing shall be prorated as of the date of the closing.
8) Conditions for Closing: Seller shall convey marketable title to the Property by statutory warranty deed. Buyer will not
assume any liens, code violations, open/expired permits unless otherwise specified in the additional terms. If Buyer Has
Not received association approval at the time of closing after using reasonable efforts, then the closing date will
automatically extend for an additional 30 days. If the buyer is unable to obtain association approval, then Seller and Buyer
are discharged from this contract and Buyer is entitled to receive its entire escrow deposit in full by the escrow agent
without authorization from the Seller.
10) Seller shall provide Buyer with immediate access to the property for purposes of conducting Buyer’s inspections, collect
bids from contractors, designers, other potential buyers, or other real estate professionals; the start of the Inspection Period
shall be tolled until access is granted.
11) Occupancy: Unless otherwise agreed to in writing, at Closing, Seller shall deliver occupancy and possession of the
Property to Buyer free of tenants, occupants, and future tenancies. Except for ordinary wear and tear, Seller shall maintain
the Property in the condition existing as of the Effective Date of this Agreement. Any furniture, fixtures, attachments, and
debris left in or around property at closing shall be deemed abandoned.
12) Seller understand(s) that the buyer is a private investment company that is buying real estate to make a profit and may
be purchasing this property for immediate resale and profit even as soon as the day of closing. Both parties agree that the
subject property is being bought/sold in its current “AS IS” condition and that the buyer may or may not market this
property for sale or lease on the multiple listing service. Buyer may assign this contract.
SELLER (1) INITIAL(s): __________ SELLER (2) INITIAL(s): __________ SELLER (3) INITIAL(s): __________
HC
BUYER INITIALS: __________ 02/01/24
2:37 PM EST
dotloop verified
13) Default: If Buyer fails or refuses to perform Buyer’s obligations under this Agreement, Seller may elect to recover and
retain the Deposit for the account of Seller as agreed upon liquidated damages, consideration for execution of this
Agreement, and in full settlement of any claims, whereupon Buyer and Seller shall be relieved from all further obligations
under this Agreement. If for any reason Seller fails, neglects, or refuses to perform Seller’s obligations under this Contract,
Buyer may elect to receive return of Buyer’s Deposit without thereby waiving any action for damages resulting from
Seller’s breach, and may seek to such damages or seek specific performance. In any litigation permitted by this Agreement,
the prevailing party shall be entitled to recover from the non-prevailing party costs and fees, including reasonable attorney’s
fees, incurred in conducting the litigation. Seller expressly agrees that any judgment or order of relief entered against Seller,
including but not limited to attorney’s fees and costs, will be attached to, and recovered by Buyer from Seller’s net proceeds
from the sale of the property. If the Seller’s net proceeds are not enough to satisfy all of Buyer’s attorney’s fees and costs
that are awarded to Buyer, the remaining difference will be entered as a judgment against Seller. This paragraph shall
survive Closing or termination of this Agreement.
14) Escrow Agent shall disburse the buyer’s deposit(s), escrowed hereunder to buyer, after the receipt of buyer's written
certification that the buyer’s contract has been terminated or canceled by buyer for any reason during buyer’s inspection
period. Escrow Agent may act in reliance upon any writing, instrument, or signature which it in good faith, believes to be
genuine, may assume the validity and accuracy of any statements or assertions contained in such writing or instrument and
may assume that any person purporting to give any writing, notice, advice, or instruction in connection with the provisions
hereof has been duly authorized to do so. Escrow Agent may return any escrow deposits held once the transaction has
become dormant for more than 120 days, provided the Seller has not filed a lawsuit.
15) Buyer reserves the right to novate this agreement with a replacement agreement with a 3rd party purchaser, this contract
allows purchasers to market their equitable rights to the contract, including but not limited to the mls. Replacement
agreement with purchaser may have different terms than this agreement, and in such event, Seller shall cooperate fully, at
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DocuSign Envelope ID: 021CF8B7-3DC3-4196-A63E-DD24CFE5DC2B
buyer’s request, to transfer title to the property directly to the 3rd party purchaser. Buyer shall be responsible for all
additional costs incurred by Seller as a result of such novation. Seller further cooperates to execute any and all documents
needed from the buyer or escrow agent to facilitate the novation agreement and closing on the same with the 3rd party
purchaser.
16) Additional Terms: Seller shall convey clear, marketable, and insurable title to Buyer at closing.
If a probate is needed in order for the seller to convey clear, marketable and insurable title, then closing shall occur on or
before 30 days from the date of probate completion or probate court approval of the sale of the property.
___________________________________________________________________________
___________________________________________________________________________
___________________________________________________________________________
SIGNATURES
Henry Camejo
dotloop verified
02/01/24 2:37 PM EST
MGPN-W9JU-VLPY-QXGO
BUYER SIGNATURE: _____________________________________________________
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