Type of Commercial Property Type of Commercial Property IndustrialLand (only)Multi-FamilyOfficeRetailMixed-Use (any combination of above)Other Describe the Property How many residential units? Units Do you know the Square Footage (SF) of the Building? Do you know the Square Footage (SF) of the Building? YesNo Building Size SF Land Area Do you know the Land Area? Do you know the Land Area? YesNo The total amount of land being purchased. Either in square footage (SF) or acreage (AC). Land Area Acres (AC)Square Feet (SF) Property Address Property 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 Legal Description? Do you know the Legal Description? YesNo Such as Tax Map / Lot Numbers or Deed Book / Page Numbers. Enter the Legal Description: Other Description Is there any OTHER DESCRIPTION you wish to make? Is there any OTHER DESCRIPTION you wish to make? YesNo Enter any additional information about the Property: Personal Property Will the Property include any PERSONAL PROPERTY? Will the Property include any PERSONAL PROPERTY? YesNo Include ALL PERSONAL PROPERTY included in the sale: The Buyer Who is the Buyer? Who is the Buyer? Individual(s)a Business Entity How many Individuals? Select12345678910 Business Entity Business Entity's Name Who is Signing on behalf of the Business Entity? Title Title PresidentVice-PresidentOfficerManaging MemberOther Enter their Title Individuals Individual's Name 2nd Individual's Name 3rd Individual's Name 4th Individual's Name 5th Individual's Name 6th Individual's Name 7th Individual's Name 8th Individual's Name 9th Individual's Name 10th Individual's Name Buyer's Mailing Address 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 Can this Address be used for the Buyer's Notices? Can this Address be used for the Buyer's Notices? YesNo Buyer's Address for Notices 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 Mailing Address? Do you know the Seller's Name and Mailing Address? YesNo Who is the Seller? Who is the Seller? a Business EntityIndividual(s) How many Individuals? Select12345678910 Business Entity Business Entity's Name Who is Signing on behalf of the Business Entity? Title Title PresidentVice PresidentOfficerManaging MemberOther Enter Their Title Individuals Individual's Name 2nd Individual's Name 3rd Individual's Name 4th Individual's Name 5th Individual's Name 6th Individual's Name 7th Individual's Name 8th Individual's Name 9th Individual's Name 10th Individual's Name Seller's Mailing Address 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 Can this Address be used for the Seller's Notices? Can this Address be used for the Seller's Notices? YesNo Seller's Address for Notices Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code Purchase Price What is the Purchase Price? $ Buyer 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 in order to purchase the Property. Which TYPE OF FINANCING will the Buyer be needing? Which TYPE OF FINANCING will the Buyer be needing? Conventional LoanSeller FinancingOther Buyer will get financing through: Cash Offer The Buyer is stating that no financing is needed and often referred to as a "cash offer." The Buyer will be required to show they have the funds to purchase the property. Buyer must PROVE to the Seller they can purchase the Property by Time AMPM Conventional Loan 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 financing? Time AMPM Seller Financing Loan Amount $ Down Payment $ Interest Rate (%) % per Annum Term Length of loan Seller's Approval Has the Seller already APPROVED the Buyer for financing? Has the Seller already APPROVED the Buyer 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: Time AMPM Earnest Money Deposit Will there be an Earnest Money Deposit? Will there be an Earnest Money Deposit? YesNo This is also known as the "Down Payment" or "Consideration". 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 ($) $ Payment Date The Earnest Money must be paid by: Time AMPM Trust 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 If there is a real estate agent involved in the transaction, depending on State law, it may be required for the deposit to be placed in a Trust or Escrow Account. This will ensure the funds will not be mismanaged or commingled by the Seller or their Agent. Who will hold the Earnest Money? Inspection Period Buyer can INSPECT the property until the following date: This is the LAST DAY the Buyer will also be able to terminate this Agreement because of defects found on the property. After this date the Buyer will be obligated to purchase. Time AMPM Negotiation Period If a PROPERTY DEFECT is found, the Buyer and Seller will have: Business Days to negotiate the issues If the Agreement should terminate due to a Property Defect, the Buyer will be returned their Earnest Money Deposit and the Agreement will terminate. Seller's Property Disclosures The Seller's property records must be given to the Buyer within: Business Days (after the Effective Date) The Seller's records are known as surveys, property reports, environmental tests, current leases, and other official documents. Deed What type of Deed is valid to transfer the Property? What type of Deed is valid to transfer the Property? Warranty Deed (recommended)Special Warranty DeedQuit Claim DeedGrant DeedOther Type of Deed Title Insurance Who will pay for the Title Insurance? Who will pay for the Title Insurance? SellerBuyerShared This is commonly paid by the Seller. Survey Is a NEW SURVEY of the property required as part of this Agreement? Is a NEW SURVEY of the property required as part of this Agreement? Yes (recommended)No A survey determines the exact property lines of the history of ownership. It is HIGHLY RECOMMENDED to request a new survey when purchasing a property. Who will pay for the new Survey? Who will pay for the new Survey? BuyerSellerShared (50/50) Commonly the Buyer is responsible for paying for a new survey. Will a survey be provided by the Seller? Will a survey be provided by the Seller? YesNo Selling of Buyer's Property Is this Agreement contingent on the Buyer selling another property? Is this Agreement contingent on the Buyer selling another property? 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 an added risk to the Buyer's availability to purchase the Property. Usually, a Seller 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? Does the Buyer want to describe the SPECIFIC PROPERTY that must be sold? Does the Buyer want to describe the SPECIFIC PROPERTY that must be sold? YesNo Enter the 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 Notices Official notices by either party can be made by: Official notices by either party can be made by: E-MailCertified Mail (with return receipt)Personal DeliveryOther Official notices are when the Buyer or Seller makes decisions based on timelines of this Agreement.Example, informing the Seller of a property defect. Buyer's E-Mail Address Seller's E-Mail Address Enter the Other Means of Notice: Assigment Can the Buyer assign this Agreement to another person or entity? Can the Buyer assign this Agreement to another person or entity? YesNo This allows the Buyer to transfer the name under this Agreement to another person or business entity in order to close on the Property. In addition, this allows the Buyer to sell this Agreement to another party. The Seller must be notified of the assignment by at least Calendar Days before the closing Attached Disclosures Will there be any DISCLOSURES attached to this Agreement? Will there be any DISCLOSURES attached to this Agreement? YesNo Such as a Lead-Based Paint Disclosure or a Real Estate Agent's Disclosure. How Many? Select12345678910Disclosures Disclosure Titles Attached Disclosure 2nd Attached Disclosure 3rd Attached Disclosure 4th Attached Disclosure 5th Attached Disclosure 6th Attached Disclosure 7th Attached Disclosure 8th Attached Disclosure 9th Attached Disclosure 10th Attached Disclosure Closing Date The Buyer must PURCHASE the Property on or before: Also known as the "Closing Date", this is the last day the Buyer has to purchase the property. Closing Costs Who will be responsible for the Closing Costs? Who will be responsible for the Closing Costs? Both Parties (shared equally)the Buyerthe 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. Agreement Valid Until The Seller must ACCEPT the terms of this offer by: Time AMPM Additional Terms & Conditions Are there any Additional Terms or Conditions to this Agreement? Are there any Additional Terms or Conditions to this Agreement? YesNo If anything has been left out of this Agreement this is your last chance to include any other terms or conditions. Enter any Additional Terms & Conditions: Notary Will this Agreement be signed in the presence of a Notary Public? Will this Agreement be signed in the presence of a Notary Public? YesNo In other words, will this Agreement be notarized? Creation Date Date this Agreement was made: Usually today's date. Next Save Save and finish later
