OFFER TO PURCHASE REAL ESTATE

Date:

The BUYER offers to OWNER OF RECORD to buy the property with buildings and improvements thereon, located at in  MA

The BUYER offers to pay $ for the property as follows:

$ is paid as a deposit to bind this agreement.

$ is to be paid as an additional deposit on or before if this agreement is accepted.

$   is the balance to be paid on the closing date of on or before , 20..

2. This agreement is subject to the following conditions:

a. The Buyer's ability to obtain a (conventional, FHA, VA, MHFA, etc.) mortgage

in the amount of $ by , at prevailing rates and terms. If the BUYER is unable to obtain the mortgage, the BUYER shall so notify the SELLER in writing by said date, in which event this agreement shall terminate and the SELLER shall return the deposit to the BUYER. The SELLER agrees to sign such documents as may be reasonably required by the BUYER mortgage lender.

b. Inspection(s) of the property satisfactory to the BUYER at the Buyer's expense by . If the BUYER is not satisfied with the inspection(s), the BUYER shall so notify the SELLER in writing by said date, in which event this agreement shall terminate and the SELLER shall return the deposit to the BUYER.

3. TERMITE INSPECTION: The BUYER shall have the right to obtain, at BUYER’S expense, a termite certificate from a licensed exterminator stating that the buildings on the property are free of termites and other wood-boring insects and any damage caused thereby. If said inspection reveals such infestation or damage caused thereby, which requires repair, the SELLER shall undertake said extermination or repair, provided, however, that if the cost of said extermination and/or repair exceeds $1,000.00, the SELLER shall have the option of canceling or fulfilling this agreement. If given said option, SELLER shall desire to cancel this agreement, BUYER may pay all amounts in excess of $1,000.00 and SELLER shall be bound to perform this agreement, paying the first $1,000.00 of said extermination and/or damage.

4. LEAD PAINT: For residential property constructed prior to 1978, the SELLER shall provide to the Buyer's) the CHILDHOOD LEAD POISONING PREVENTION PROGRAM (CLPPP) PROPERTY TRANSFER LEAD PAINT NOTIFICATION package, and the BUYER shall sign the notification form prior to signing this agreement, a copy of which form is made an addendum to this agreement.

5. SUBSURFACE SEWAGE DISPOSAL SYSTEM INSPECTION CONTINGENCY: Check here , if applicable, and attach Addendum A, which shall become part of this agreement.

6. Other Provisions.

7. The offer set forth in this agreement is good through _ A.M./P.M. on at or before which time this agreement shall be signed by the SELLER signifying the acceptance or rejection of such offer and returned to the BUYER without delay, otherwise, such offer shall be void and the deposit paid to bind such offer shall be returned to the BUYER immediately. If on or before the parties hereto shall execute a mutually agreeable Purchase and Sale Agreement, it shall supersede this agreement and become the agreement between the parties.

8. IF THE PARTIES ARE UNABLE TO AGREE ON THE PURCHASE AND SALE AGREEMENT, THEN THIS AGREEMENT SHALL BECOME THE BINDING AGREEMENT BETWEEN THE PARTIES, ENFORCEABLE IN ACCORDANCE WITH ITS TERMS. IN SUCH EVENT, SHOULD THE BUYER DEFAULT IN BUYER’S OBLIGATIONS PURSUANT TO THIS AGREEMENT, THEN THE BUYER’S DEPOSIT(S) SHALL BE RETAINED BY THE SELLER AS LIQUIDATED DAMAGES AND SUCH RETENTION OF DEPOSITS SHALL BE SELLER’S SOLE REMEDY, EITHER AT LAW OR IN EQUITY, FOR THE BUYER’S DEFAULT UNDER THIS AGREEMENT.

NOTICE: This is a legal document that creates binding obligations. If you do not understand it, consult an attorney before signing.

BUYER  FIRST AND LAST NAME         

BUYER PHONE NUMBER:

BUYER MAILING ADDRESS:

BUYER EMAIL ADDRESS:                                                                                                        

The offer is hereby Accepted Rejected. at A.M./P.M. on .

 

                                                

SELLER                                                                                                                 

FOR INFORMATIONAL PURPOSES ONLY, the following Real Estate Broker(s) is/are assisting with this transaction:

Broker: JOHN PEDRO REAL ESTATE ASSOCIATES

77 Winsor Street, Suite 302

Ludlow, Massachusetts 01056

Office: 413.547.8781

Fax: 413.547.8733