W&T Investments Purchase Agreement

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CONTRACT FOR THE SALE & PURCHASE OF REAL ESTATE

BDB Detroit LLC


PARTIES: ________________________________

Their heir(s), successors, administrators and assigns, as seller whose address is


32455 W 12 mile rd #2694
__________________________and
Farmington hills, MI 48333 W&T Investments and/or assigns, their heirs, successors,
administrators and assigns, as Buyer, whose mailing address is: 10800 Vestavio Ct, Austin Texas
78747

WITNESSETH: That Seller, in consideration of the payments, covenants, agreements and


conditions herein contained which on the part of the Buyer are to be made, done and
performed, has this day sold, upon the conditions hereinafter recited, to the Buyer the real
property legally described as:

10756 Balfour Rd Detroit, MI 48224


SUBJECT PROPERTY:____________________________________hereinafter the property.

SALE PRICE: ___________________


$37,000

PAYMENT TERMS: The purchase price less all deposits shall be paid in full by Buyer by certified
check or wired funds to the settlement officer at the time of closing.

PROPERTY DESCRIPTION: Property, including 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.

EXISTING MORTGAGE(S): The existing financing, or mortgage, on the property will be paid from
the seller’s proceeds of the sale.

EXPENSES: Buyer to pay all closing costs with the purchase of the property. Buyer is also
responsible for purchase of a survey if a survey is required.
PRORATIONS: Real property taxes will be prorated based on the current year's taxes without
allowance for discounts, including homestead or other exemptions. Rents will be current and be
prorated as of the date title transfers.

NO JUDGMENTS: Seller warrants that they are unaware of any judgments threatening the equity in
subject property, and that there is no bankruptcy pending or contemplated by any titleholder. Seller
will not further encumber the property, and an affidavit may be recorded at Buyer's expense putting
the public on notice that the closing of this contract will extinguish liens and encumbrances hereafter
recorded.

LICENSURE: The trustee of the above-mentioned Buyer's Trust may, or may not, hold an inactive
real estate license.

POSSESSION: Possession of the property and occupancy (tenants excepted), with all keys and
garage door openers, will be delivered to the Buyer when title transfers with successfully closing
and funding. Leases and security deposit will transfer to the Buyer with title.

INSPECTIONS: This contract is contingent upon the Buyer's inspection and/or approval of the
property prior to transfer of title. Seller agrees to provide access to the Buyer's representatives prior
to transfer of title for inspection. Inspection may consist of an on-site walkthrough or a remote
inspection.

ACCEPTANCE: This instrument will become a binding contract when accepted by the Seller and
signed by both Buyer and Seller. If this agreement is not accepted and signed by the Seller prior to:
24 Hours, this contract shall be void.

CLOSING: Buyer agrees that closing will take place on or before:30 Days.

OTHER AGREEMENTS: Buyer is to Pay All Closing Cost.


Each contingency contained herein shall be satisfied according to its terms by the closing date.
Each party shall diligently pursue the completion of this transaction. Each warranty herein
made survives the closing of this transaction.

PROHIBITION: This agreement establishes a prohibition against transfer, conveyance or


encumbrance to the property for the term of this contract.

MISCELLANEOUS:

1. For all purposes herein, an electronic signature shall be deemed the same as written
signature.
2. Buyer may use private money source for purchase
3. Buyer has the right to market the property in any way, not limited to investor networks or mls,
and can sign any disclosures necessary during the closing process.
Seller:_________________Date:__________________

Buyer: ________________Date:__________________
10/4/2022

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