Agreement for Purchase & Sale of Real Estate

Agreement dated this ______ day of ________________ Year of ________ by and between

hereinafter "Seller" whose address is

_______________________________

_______________________________
_______________________________

Property Identification Number (PIN) ___________________

hereinafter "Buyer" (and/or assigns or nominees) whose address is

_____________________________________ and/or Assignee

1. The Property

The parties hereby agree that Seller will sell and Buyer will buy the following
property, located in the County of _____________________, state of _____________________,
to wit:

known by street and address as:

___________________________________________
____________________________________________
The sale shall also include all personal property and fixtures,
except_________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
Unless specifically excluded, all other items will be included, whether or not affixed to
the property or structures. Seller expressly warrants that property, improvements,
building or structures, the appliances, roof, plumbing, heating and/or ventilation systems
are in good and working order. This clause shall survive closing of title.

2. Purchase Price

The total purchase price to be paid by buyer will be $___________________ payable as follows:

Non-refundable earnest money deposit $______________

Balance due at Close of Escrow $__________________

Financing
Owner financing from seller New Loan Subject to existing loans
 VA Financing Cash/Hard Money

Sale price is subject to appraisal by buyer and/or agent of buyer's choice.

3. Earnest Money

The buyer's earnest money shall be held in escrow by agent of buyer's choice. Upon default of
this agreement, seller shall retain earnest money as his sole remedy without further resource
between the parties. The Earnest Money will be in the amount of $____________

4. New Loan
Yes No

The agreement is contingent upon buyer's ability to obtain a new loan in the amount of
$_____________. Buyer is not required to accept any loan with interest rate exceeding
_____________% amortized over ___________ years or pay any closing costs or points
exceeding $_______________. Buyer shall provide seller with written proof of a loan
commitment on or before __________, 20 ___.

5. Seller Financing.
Yes No
Buyer shall execute a promissory note in the amount of $____________. In case of default,
recourse shall be against the property and there shall be no personal resource against the
borrower. As security for performance of the promissory note, buyer shall provide the seller a
mortgage, deed of trust or other customary security agreement which shall be subordinate to a
new first mortgage not to exceed $______________________.

6. Closing

Closing will be held be on or before _____________________________, 20____, at a time and

place designed by buyer. Buyer shall choose the escrow, title and/or closing agent. Seller agrees
to convey a clear title without liens by a general warranty deed.

7. Possession

Seller shall surrender possession to the property in agreed upon condition, and free of all personal
items and debris on or before _______________, 20_____. (Close of Escrow Date) In the event
possession is not delivered at closing, buyer shall withhold proceeds from the sale in the amount
of $_______________________ as security. Seller shall be liable for damages in the amount of
$_______________ per day for each day the property is occupied beyond the possession date.
This paragraph shall survive the closing of title.

8. Execution In Counterparts

This agreement may be executed in counterparts and by facsimile signatures. This agreement
shall become effective as of the date of the last signature.

9. Inspection

Buyer’s Inspection Period shall be _________________days after Contract acceptance. During

the Inspection Period Buyer, at Buyer’s expense shall: (i) conduct all desired physical,
environmental, and other types of inspections to determine the value and condition of the
Premises; (ii) make inquires and consult government agencies, lenders, insurance agents and
other appropriate persons and entities concerning the suitability of the Premises and surrounding
area. During the Inspection Period Buyer can elect to cancel the contract based on the condition
of the property and its surroundings if purchased As Is or not within the Inspection Period
timeframe.

10. Access

Buyer shall be entitled to access of the property to conduct its due diligence of the property
during the inspection period. Access shall be granted to show partners, lenders, inspectors and/or
contractors and/or contractors prior to closing. Buyer may place an appropriate sign on the
property prior to closing for prospective tenants and/or assigns.
11. Additional Terms & Conditions
Property Sold As-Is
Buyer to pall all customary Closing Cost
Close of Escrow to be on or before date stated in purchase contract
Seller to ensure clear title and any and all liens to be paid on or before Close of Escrow
12. Terms of Acceptance
This contract will become a binding Contract when acceptance is signed by the Seller and a copy
is singed, delivered and received by __________________ 20__. Buyer may withdraw this offer
at any time prior to receipt of seller signed acceptance. If no signed acceptance is received by this
date this offer shall be deemed withdrawn and all Earnest Moneys are returned.

_____________________________ _____________________ _________

Seller Signature Seller Name Print Seller Date

_____________________________ _____________________ _________

Buyer Signature Buyer Name Print Buyer Date