"Offer to Purchase Real Estate Form"

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OFFER TO PURCHASE REAL ESTATE
This is a legally binding contract. If not understood, seek legal advice.
Date: ________________
To: ______________________________________
Re: The property at _________________________, (the “Premises”)
We hereby offer to buy the Premises which have been shown to us by ____________________
as the agent for the Buyer, subject to the following terms & conditions:
1. We will pay for the Premises ______________ of which
(a) ________________ is paid herewith to validate this Offer.
(b) ________________ is to be paid as an additional deposit upon execution of the Purchase &
Sale
Agreement provided for below.
(c) ________________ is to be paid at the time of delivery of the Deed.
(d) ________________ Total Sale Price.
2. This Offer is good until ________________ on ________________, at or before which time a
copy of this Offer must be signed by you and returned to us, or this Offer shall be void and the
money paid with this Offer shall be returned to us immediately.
3. The Closing shall be on ________________ and take place at the Nantucket County Registry
of Deeds at which time the Seller shall deliver a good and sufficient deed, conveying clear and
marketable title.
4. If this Offer is accepted by you, then our obligation to buy the Premises is subject to and
conditioned upon:
(a) Our obtaining on or before _____ days from your acceptance of this Offer, a structural and
pest inspection of the Premises satisfactory to us.
(b) Execution by you and by us, on or before _____ days from your acceptance of this Offer, of a
mutually satisfactory Purchase & Sale Agreement in a form and content satisfactory to the parties
and their respective attorneys, setting forth all of the terms and conditions of this transaction,
which shall then become the Agreement of the parties.
(c) Our obtaining on or before _____ days from the execution of this Offer to Purchase, a
satisfactory commitment letter from an institutional lender for a first mortgage not in excess of
_____ of the purchase price or ______________ at local market and prevailing rates & terms.
(d) __________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
(e) __________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
5. If we do not fulfill our obligations under this Offer after it has been accepted by you, the deposit
shall immediately become your property without further liability by us to you.
6. Time is of the essence of this Offer.
7. The Buyer agrees to pay the 2% Nantucket Land Bank transaction fee at Closing.
8. The Riders, if any, attached hereto are incorporated herein by reference, including a Lead
Paint Rider for residential dwellings constructed before 1978.
9. When, as, and if the deed is delivered and the purchase price is paid, a Professional Service
Fee (Commission) of _____ of the purchase price shall be paid to _________________ out of
OFFER TO PURCHASE REAL ESTATE
This is a legally binding contract. If not understood, seek legal advice.
Date: ________________
To: ______________________________________
Re: The property at _________________________, (the “Premises”)
We hereby offer to buy the Premises which have been shown to us by ____________________
as the agent for the Buyer, subject to the following terms & conditions:
1. We will pay for the Premises ______________ of which
(a) ________________ is paid herewith to validate this Offer.
(b) ________________ is to be paid as an additional deposit upon execution of the Purchase &
Sale
Agreement provided for below.
(c) ________________ is to be paid at the time of delivery of the Deed.
(d) ________________ Total Sale Price.
2. This Offer is good until ________________ on ________________, at or before which time a
copy of this Offer must be signed by you and returned to us, or this Offer shall be void and the
money paid with this Offer shall be returned to us immediately.
3. The Closing shall be on ________________ and take place at the Nantucket County Registry
of Deeds at which time the Seller shall deliver a good and sufficient deed, conveying clear and
marketable title.
4. If this Offer is accepted by you, then our obligation to buy the Premises is subject to and
conditioned upon:
(a) Our obtaining on or before _____ days from your acceptance of this Offer, a structural and
pest inspection of the Premises satisfactory to us.
(b) Execution by you and by us, on or before _____ days from your acceptance of this Offer, of a
mutually satisfactory Purchase & Sale Agreement in a form and content satisfactory to the parties
and their respective attorneys, setting forth all of the terms and conditions of this transaction,
which shall then become the Agreement of the parties.
(c) Our obtaining on or before _____ days from the execution of this Offer to Purchase, a
satisfactory commitment letter from an institutional lender for a first mortgage not in excess of
_____ of the purchase price or ______________ at local market and prevailing rates & terms.
(d) __________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
(e) __________________________________________________________________________
_____________________________________________________________________________
_____________________________________________________________________________
5. If we do not fulfill our obligations under this Offer after it has been accepted by you, the deposit
shall immediately become your property without further liability by us to you.
6. Time is of the essence of this Offer.
7. The Buyer agrees to pay the 2% Nantucket Land Bank transaction fee at Closing.
8. The Riders, if any, attached hereto are incorporated herein by reference, including a Lead
Paint Rider for residential dwellings constructed before 1978.
9. When, as, and if the deed is delivered and the purchase price is paid, a Professional Service
Fee (Commission) of _____ of the purchase price shall be paid to _________________ out of
the proceeds of the sale.
If the above conditions are not satisfied after acceptance of this Offer, this Agreement shall
terminate, you shall refund our deposit, and neither party shall have further recourse against each
other.
Upon acceptance by the Seller, this Offer constitutes an Agreement binding on both
parties. Both parties acknowledge that they have been offered the opportunity to seek
and confer with legal counsel of their choice prior to signing this Agreement.
BUYER(S)
______________________________________
______________________________________
ACCEPTANCE
This Offer is hereby accepted upon the foregoing terms and conditions and the receipt of the
___________
deposit of
is hereby acknowledged.
SELLER(S)
______________________________________
______________________________________
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