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CONTRACT FOR THE SALE AND PURCHASE OF REAL ESTATE (NO BROKER) For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Seller whether one or more, and, Buyer
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A: Purchaser agrees to pay, pursuant to the provisions of Title 47 Code of Federal Regulations Title 49, Sections 1040.10, 1040.1015 and 1040.109, the Purchase Price of one (1) (a) Lot of Lot. The Purchase Price is the same as the Hammer Price of the corresponding Lot. The property may be sold by the Lot as follows: a. If the Lot is sold as a single lot, then Seller agrees to sell such Lot only to Buyer, and Buyer agrees to pay only one (1) (a) Lot; b. If the Lot is sold as two (2) or more separate lots, then Seller agrees to sell all Lot(s) to Buyer with a separate payment for each Lot being due and payable by the Buyer. Buyer agrees to pay the Purchase Price received for each Lot until the total of the Sale Price and all subsequent payments by Buyer under the Agreement(s) is paid by Buyer to Seller; c. If the Lot is sold for cash, Bidder agrees to pay Seller the Purchase Price received by Seller if paid in full by Bidder and the Buyer is in possession of a government document evidencing the right to make purchase, or, if paying in cash and no government document evidencing the right to make purchase is in the Buyer's possession, otherwise pays a value based on an opinion of a nationally recognized identity verification company; d. If no satisfactory offer is received by Seller before the agreed-upon Purchase Price is paid, Seller agrees to reevaluate the Lot, and if sufficient and proper offers are received, to agree to the purchase at a higher price. However, Seller reserves the right to reject any or all offers; and e. After all other transactions have been consummated, the Auctioneer will execute written agreement to purchasers, setting forth the number of each Lot sold at the purchase Price; Lot Lot number and a description of each Lot; the Purchase Price and the hammer price in United States Dollars, and the number of each Lot sold on the lot as to which such written agreement is signed by the Auctioneer; the Buyer's signature, drawn in duplicate and attested by a notary public authorized to execute such written agreement upon the Auctioneer's application to such notarist. It is understood by the parties that, subject to the terms and provisions of this Agreement to Sale and Purchase, Buyer is responsible to Seller for all costs, expenses, damages and
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Hey what's up guys its Harrison Williams here Keller Williams Mount Juliet productivity coach wanted to share with you guys how I actually go about filling out a purchase and sale agreement so of course I am NOT a broker I am NOT a real estate attorney however I have done this up for a while and wanted to impart my wisdom on you guys and share how I go about filling this out, so we take a look here at page 1 of the purchase and sale you'll see on line 3 there that we have the buyers name that needs to be input in so in this example I've got Mr. Tim McGraw is going to be buying a property from the undersigned seller of Taylor Swift so both of those names you may need to find a seller's name in the tax record however you will just pull it there and then plug that into line 4, so we jump over to line 6 here of course you have all that tract of land known as I'm in this example 1 2 3 Main Street your property address located in Nashville Tennessee 3 7 2 0 8 and of course then you need to plug in what county that property is going to be in here in this example Davidson County the next blanks are 4d book and pages I like to actually go in here and identify the tax ID partial ID number it's combination of letters and numbers that way there's really no confusion again I pull that straight from the tax record alright this next paragraph here I always like to point out to people and make sure that you and your clients take a look at it starting on line 12 here as what's included with the purchase of the property, so there are quite a few items here it's good that you have an understanding of what all is included in what's not included because as you take a look down here on items that remain with the property at no additional cost typically you may be putting in a refrigerator you'll find that that's not up in paragraph ahead so make sure you know what's in there and what else you need to ask for of course you do see the therefore how many garage remotes and then a box for what I was remaining with a property line 20 for their items that will not remain with the property I usually include all personal items I want to make sure that they've got all their personal items out of the home before my clients take possession okay leased items sometimes you will run into properties that have security systems or water softeners fuel tanks etc you know if you want to assume that least you would fill that up accordingly however a lot of times I find that people don't actually want to assume that Lisa then you would just check that box fill in that blank with what they do not want to assume hopping on down to line 36 here we have the purchase price, so this is going to be filled out kind of like a check you're going to write the number, and then you're going to physically spell it out so in this example making them the offer price of a million dollars and then 1 spelled out as we hop on down line 48 here really important we've got the appraisal section here, and so...
What is purchase agreement tn?
A Tennessee residential purchase and sale agreement is a form that prospective buyers will draft when proposing to purchase a home. ... The property seller can negotiate these terms by responding with a counter-offer within a period specified in the document.