573396 - Laserfiche WebLink

Home Browse Search

/� Sale Agreement It 181SBM OREF RESIDENTIAL REAL ESTATE SALE AGREEMENT OREF 001 I Ver.1.1 I Page 2 of 11 47 attached floor coverings;drapery rods and curtain rods;window and door screens;storm doors and windows;system fixtures(iMgatbn,plumbing, 48 ventilating, cooling and heating); water heaters; attached electric light and bathroom fixtures, light bulbs; fluorescent lamps; window bins; 49 awnings:fences;all planted shrubs,plants and trees;EXCEPT: 50 51 3. PERSONAL PROPERTY: Only the following personal property, in "ASIS' condition and at no stated value is Included: 52 53 54 FINANCING 55 4.BALANCE OF PURCHASE PRICE:(Select A or 8) 56 Buyer represents,Buyer hes liquid and available funds for the earnest money deposit and down payment,and i1 a1 all rah Oahsac ion,the full purchase 57 price.sufficient to Close the Pansactbn described herein and Is rot relying upon any contingent source of funds(e.g..horn bars,grits,sale or dosing A other 58 property.401K disbursements.etc).except as follows(describe): 59 60 A. This Is an all cash transaction. Buyer to provide verification ("Verification') of readily available funds as follows (select only one); 61 ❑Buyer has attached a copy of the Verification with the submission of this Agreement to Seller. ❑Buyer will pro Ade Seller with the Verification 62 within business days(five(5)if not filled In)after this Agreement has been signed and accepted;or 0 Other(Describe): 63 64 Seller may notify Buyer, in writing, of Seller's ummmdMpnal disapproval of the Verification within _ business days (two [2] If not filled In) 85 (-Disapproval Period)blessing Its receipt by Seller.Provided,however,such disapproval must be objectively reasonable.Upon surd disapproval, 66 all earnest money deposits shall be promptly refunded to Buyer aid this transaction shall be terminated. If Seller falls to provide Buyer with 67 written unconditional disapproval of the Vertcatlon by 5:00 p.m. of the last day of the Disapproval Period Seller shell be deemed to 68 have approved the Verification. If Buyer fails to submit a Verification within a time frame selected above, unless the parties agree 69 oterwise In writing,all earnest money deposits shell be promptly refunded,and this bansactlon shall be terminated. 70 B. Balance of Purchase Price to be financed through one of the following Loan Programs(Select only one): 71 ❑Conventional: 0 FHA D Federal VA(Seller 0 Shall Shall not agree to pay Buyer's non-allowable VA fees); 72 If FHA or Federal VA is selected,OREF 097 FHA 1 Federal VA Amendatory Clause is attached. 73 p j Other(Describe):Private Money Loan 74 Buyer agrees to seek financing trough a lending Institution or mortgage broker(hereinafter collectively referred to as 75 "Lander")participating In the Loan Program selected above. 76 C. Pre-Approval Letter. ©Buyer has attached a copy of a Pre-Approval Letter Iron, Buyer's Lender. 0 Buyer does not have a Pre-Approval 77 Letter at the time of making this offer; ❑Buyer agrees Cr secure a Pre-Approval Letter and provide a copy to Seller as follows: 78 79 5.1 FINANCING CONTINGENCIES: If Buyer Is financing any portion of the Purchase Price, then this transaction is subject to the blowing 80 financing contingencies:(1)Buyer egg the Prepay to qualify for the ban from Lender, (2)Lenders appraisal shall not be less than the Purchase 81 Price;and,(3)Other(Describe): 82 83 Except as otherwise provided herein,all Financing Contingendes are solely for Buyer's benefit and may be waived by Buyer in writing at any time. 84 5.2 FAILURE OF FINANCING CONTINGENCIES: If Buyer receives actual notification from Lender that any Financing Contingencies identified 85 above haw failed or otherwise cannot occur,Buyer stall promptly notify Seller,and the partes shall have business days(two[2]if not filled 86 In)following the date of Buyers notlficenon to Seller to either(a)Terminate tris trarwactbn by signing an OREF 051 Terfnatlon Agreement 87 and/or such other similar form as may be provided by Eaww;or(b)Reach a written mutual agreement upon such pricy aid terms that will permit 88 this transaction to continue. Neither Seller nor Buyer are required under the preceding preNslm(b)to reads such agreement If(a)or(b)fail to 89 occur within the time period Identified In this Section 5.2 (Failure of Financing Contingencies).thio transaction shall be automatically terminated, 90 and all earnest money shall be promptly refunded to Buyer.Buyer understands.upon termination of This transaction,Seller shall haw the right to 91 place the Property back on the market for sale upon any prim and terms as Seller determines.In Sellers sole discretion. 92 5.3 BUYER REPRESENTATIONS REGARDING FINANCING: Buyer makes the following representations to Seller (1)Buyer's completed loan 93 application.as hereinafter defined,shall be submitted to the Lender who provided the Pre-Approval Letter,a Copy 0 which has been detrewed to 94 Seller,or will be,pursuant b Section 4C(Pre-Approval Letter).above. Buyer initials / tr{ Dare l l 1 22/2021 Seiler lr to // /_Date nag er This form hes been licensed for use solely by Jerry Jones pursuant to a Forms License Agreem with Oregon Real Estate Forms,LLC. LINES WITH THIS SYMBOL 1—REQUIRE A SIGNATURE OF BUYER AND/OR SELLER AND DATE Copyright Oregon Real Estate Forms,LLC 2021 'ewer orefor ne corn No potion may be reproduced without express permission of Oregon Real Estate Forms,LLC OREF 001 I Page 2 of 11 produced Mrs lone wolf TrneadwltlpFgm EdianT717 N HawM St Suds 2200,Dallas.TX 75201 1rA.Udtmn 15ISFMemt Doc ID:4baS4clecaa6818ee4e30b5gd241c5072ada5d0b