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Offer To Purchase Held By Deposit
OFFER TO PURCHASE HELD BY DEPOSIT
An offer was made [date of offer], by [name of purchaser], of [address of purchaser] herein referred to as purchaser, to [name of seller], of [address of seller], herein referred to as seller, through of [address of broker], herein referred to as broker.
The purchaser offers to purchase property and improvements thereon located in the City of [city of property], County of [County of property], State of [State of property], and described as follows: [description of property] on the following terms and conditions:
The total price is $[total price of property]. The purchaser has paid $[Amount paid initially to broker] earnest money to the broker and agrees to pay the broker the remaining $[Remaining amount] on the acceptance of this offer. The remainder of the purchase price shall be paid in the following manner: [Terms to pay remaining amount].
The property is to be free from encumbrances except taxes for the current year, which are to be prorated. For purposes of this offer the following shall not be considered as encumbrances on the property: [Excluded encumbrances].
Interest on deferred payments and encumbrances shall be paid or adjusted by seller to [date of interest], and thereafter paid.
The following fixtures shall be included as part of the property [Fixtures of the property].
The purchaser shall be entitled to possession of the property and assume all risks of loss or destruction from [date purchaser assumes liability].
At brokers option, the closing of this transaction may be performed by an attorney or bank, purchaser agrees to pay [Amount for attorney's and bank charges] amount of the attorneys or banks charges.
This offer shall not bind seller unless accepted on or before [time of acceptance], on [date of acceptance]. It shall be binding on purchaser from the date of this offer and may not be canceled.
Signature Date
Signature Date
RECEIPT OF EARNEST MONEY
This is to acknowledged by the undersigned, as agent for seller, of $ [Amount received from purchaser] earnest money received from purchaser subject to the terms and conditions of the offer.
Signature Date
Signature Date
ACCEPTANCE BY SELLER
I approve and accept the offer set forth above and agree to carry out all the terms of the offer. I agree to promptly pay any unpaid balance on any . I agree to pay a brokers commission of [$].
Signature Date
Signature Date