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Capital Region Standard Form Contract For Purchase And Sale Of Real Estate - New York
| Capital Region Standard Form Contract For Purchase And Sale Of Real Estate Form. This is a New York form and can be used in Contracts Title Real Estate Statewide . |
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CAPITAL REGION STANDARD FORM CONTRACT FOR PURCHASE AND SALE OF REAL ESTATE THIS IS A LEGALLY-BINDING CONTRACT. IF NOT FULLY UNDERSTOOD, WE RECOMMEND ALL PARTIES TO THE CONTRACT CONSULT AN ATTORNEY BEFORE SIGNING. 1. IDENTIFICATION OF PARTIES TO THE CONTRACT A. SELLER The Seller is _________________________________________________________________________________ residing at _________________________________________________________________________________ (the word " Seller" refers to each and all parties who have an ownership interest in the property). PURCHASER The Purchaser is _________________________________________________________________________ residing at _________________________________________________________________________________ (the word " Purchaser" refers to each and all of those who sign below as Purchaser). PROPERTY TO BE SOLD The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as ___________________________________________________________________________________ located in the city, village or town of _____________________________ in ___________________________County, State of New York. This property includes all the Seller'rights and privileges, if any, to all land, water, streets and roads annexed to, and on all sides of the s property. The lot size of the property is approximately _________________ . B. ITEMS INCLUDED IN SALE Heating and Lighting Fixtures Storm Windows and Screens Television Aerials Built-in Kitchen Appliances Storm and Screen Doors Smoke Detectors Built-in Bathroom and Kitchen Cabinets Water Softeners (if owned by Seller) Alarm Systems Drapery Rods and Curtain Rods Plumbing Fixtures Shrubbery, Trees, Plants and Shades and Blinds Pumps Fencing in the Ground Wall-to-Wall Carpeting as placed Awnings Fireplace insert, doors and/or screen The items listed above, if now in or on said premises are represented to be owned by the Seller, free from all liens and encumbrances, and are included in the sale " is"on the date of this offer, together with following items: ____________________ as , ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ ITEMS EXCLUDED FROM SALE The following items are excluded from the sale __________________________________________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ The purchase price is ____________________________________________________DOLLARS ($ ______________________) The Purchaser shall pay the purchase price as follows: a. $ _______________ deposit with this contract and held pursuant to paragraph 17 herein. b. $ _______________ additional deposit on____________________________________________________________________ c. $ _______________ in cash, certified check, bank draft or attorney escrow account check at closing. d. $ _______________ _____________________________________________________________________________________ e. $ _______________ _____________________________________________________________________________________ 6. MORTGAGE CONTIGENCY A. This Agreement is contingent upon Purchaser obtaining approval of a ____ conventional, ____ FHA or ____ VA (if FHA or VA see attached required addendum) or ______________________ mortgage loan of $ ______________ for a term of not more than ______ years at an initial _____ fixed or _____ adjustable nominal interest rate not to exceed _______ percent. Purchaser agrees to use diligent efforts to obtain said approval and shall apply for the mortgage loan within ____ business days after the Seller has accepted this contract. Purchaser agrees to apply for such mortgage loan to at least one lending institution or licensed mortgage broker. Upon receipt of a written mortgage commitment or in the event Purchaser chooses to waive this mortgage contingency, Purchaser shall provide notice in writing to ________________________________ of Purchaser'receipt of the mortgage commitment or of Purchaser'waiving of this contingency. Upon receipt of such notice s s this contingency shall be deemed waived or satisfied as the case may be. In the event notice as called for in the preceding sentence has not been received on or before ____________, then either Purchaser or Seller may within five business days of such date terminate this contract by written notice to _________________________________________________. Upon receipt of such notice, this agreement shall be deemed cancelled , null and void and all deposits made hereunder shall be returned to Purchaser. 2. 3. 4. 5. PURCHASE PRICE Page 1 of 3 Buyer'Initials _________ Seller'Initials ________ s s REVISED 11/19/03 American LegalNet, Inc. www.FormsWorkflow.com B. Seller' Contribution: At closing, as a credit toward prepaids, closing costs and/or points, Seller shall credit to Purchaser s $_____________ or ___________% of the ____ Purchase Price or ____mortgage amount. 7. MORTGAGE EXPENSE AND RECORDING FEES The Mortgage recording tax imposed on the mortgagor, mortgage and deed recording fees, expenses of drawing papers and any other expenses to be incurred in connection with procuring a mortgage, shall be paid by the Purchaser. OTHER TERMS (if any) ____________________________________________________________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ ________________________________________________________________________________________________________ TITLE AND SURVEY A 40-year abstract of title, tax search and any continuations thereof, or a fee title insurance policy, shall be obtained at the expense of Purchaser or Seller. (If both boxes are checked, the option of whether an Abstract of Title or fee policy is provided shall be that of the party paying for same.) The Seller shall cooperate in providing any available survey, abstract of title or title insurance policy information, without cost to Purchaser. The Purchaser shall pay the cost of updating any such survey or the cost of a new survey. 8. 9. 10. CONDITIONS OF PREM
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