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CONTRACT TO PURCHASE REAL ESTATE 501 With Contingencies Binding Contract. If Legal Advice Is Desired Consult An Attorney. Time is of the essence as to each provision. 3. Purchase And Sale Agreement. The SELLER and the BUYER shall on or before execute the Standard Purchase and Sale Agreement of the on MASSACHUSETTS ASSOCIATION OF REALTORS or substantial equivalent which when executed shall become the entire agreement between the parties and this Offer shall have no further force and effect. From BUYER S To OWNER OF RECORD SELLER Name s Address The BUYER offers to purchase the real property described as together with all buildings and improvements thereon the Premises to which I have been introduced by upon the following terms and conditions to the SELLER for the 1. Purchase Price The BUYER agrees to pay the sum of purchase of the Premises due as follows i. as a deposit to bind this Offer ii. as an additional deposit upon executing the Purchase And Sale Agreement iii. Balance by bank s cashier s treasurer s or certified check or wire transfer at time for closing* a*m*/p*m* on by 2. Duration Of Offer. This Offer is valid until which time a copy of this Offer shall be signed by the SELLER accepting this Offer and returned to the BUYER otherwise this Offer shall be deemed rejected and the money tendered herewith shall be returned to the BUYER* Upon written notice to the BUYER or BUYER S agent of the SELLER S acceptance the accepted Offer shall form a binding agreement. 4. Closing* The SELLER agrees to deliver a good and sufficient deed conveying good and clear record and at the marketable title at County Registry of Deeds or such other time or place as may be mutually agreed upon by the parties. as escrow agent 5. Escrow. The deposit shall be held by subject to the terms hereof* Endorsement or negotiation of this deposit by the real estate broker shall not be deemed acceptance of the terms of the Offer. In the event of any disagreement between the parties concerning to whom escrowed funds should be paid the escrow agent may retain said deposit pending written instructions mutually given by the BUYER and SELLER* The escrow agent shall abide by any Court decision result of holding escrowed funds. Should the escrow agent be made a party in violation of this paragraph the escrow agent shall be dismissed and the party asserting a claim against the escrow agent shall pay the agent s reasonable attorneys fees and costs. 6. Contingencies. It is agreed that the BUYER S obligations under this Offer and any Purchase and Sale Agreement signed pursuant to this Offer are expressly conditioned upon the following terms and conditions a* Mortgage. Delete If Waived The BUYER S obligation to purchase is conditioned upon obtaining a written commitment for financing in the amount of at prevailing rates terms and conditions. The BUYER shall have an obligation to act reasonably diligently to satisfy any condition within the BUYER S control* If despite reasonable efforts the BUYER has been unable to obtain such written commitment the BUYER may terminate this agreement by giving written notice that is received by 5 00 p*m* on the calendar day after the date set forth above..
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