Get Sample Purchase And Sales Agreement

This guide provides users with detailed steps on how to accurately fill out the SAMPLE Purchase And Sales Agreement online. It is designed to support individuals with varying levels of legal experience, ensuring clarity and accessibility throughout the process.

Follow the steps to complete the SAMPLE Purchase And Sales Agreement.

1. Click the ‘Get Form’ button to obtain the SAMPLE Purchase And Sales Agreement and open it in your preferred online editor.
2. In the first section, fill in the date of the agreement and the names of the buyer and seller. Ensure the buyer is correctly identified, as they will be referred to as 'the buyer' in the document.
3. Next, specify the property details in the designated fields. Refer to Exhibit A for the legal description of the property and ensure accuracy.
4. In the PURCHASE PRICE AND PAYMENT section, enter the auction bid price in the relevant field. Calculate and include the buyer's premium of 10% of the auction bid price, and add both amounts to reflect the total contract price.
5. Complete the earnest money section by entering the amount of the deposit that will be held by the listing broker. Specify the method of payment, whether by personal check or cash.
6. If applicable, provide details regarding any financing being sought. Notify the auctioneer of your lender and ensure that a written lending commitment is in place within the specified timeframe.
7. Proceed to the TITLE AND CONVEYANCE section and confirm that the seller will convey the property via a bargain and sale deed, as outlined in Exhibit B.
8. Fill out the TITLE INSURANCE details, including the amount for the owner's policy of title insurance that the seller will furnish at their expense.
9. Review the DISCLAIMER OF WARRANTIES section and ensure you understand the implications of purchasing the property 'as is,' acknowledging the importance of conducting an independent inspection.
10. Complete the CLOSING DATE section with the agreed date. Ensure that all parties understand when the closing will occur.
11. In the CLOSING COSTS section, specify which party will be responsible for various expenses as agreed upon.
12. Finalise the transaction by signing the agreement in the designated spots for the buyer and seller. Make sure all parties have initialed where required and included the date.
13. Once all fields are completed, save your changes, and consider downloading, printing, or sharing the completed SAMPLE Purchase And Sales Agreement.

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