A Real Estate Offer is a first offer to buy a plot of real property and serves as a starting
point for future negotiations. Important issues to consider when making an offer, in
addition to price, include any contingencies, financing options, down payment, and
others. This document in its draft form contains numerous of the standard clauses
commonly used in these types of agreements; however, additional language may be
added to allow for customization to ensure the specific terms of the parties’ agreement
are addressed. This document should be used by individuals that want to make an
official offer to purchase real estate.
OFFER TO PURCHASE REAL PROPERTY
The property referred to herein shall be identified as follows: the land and buildings situated on
and together with a lot of land containing _______________Square Feet, more or less, located
at _____________________________________________ and further described in the
__________________________County Registry of Deeds Book ________ Page ________
(the “Property”).
I hereby offer to buy said Property for a total purchase price of [PURCHASE PRICE] on the
following terms and conditions:
Terms
SECTION 1-- FINANCING TERMS.
A. Obtaining the loan(s) referenced in Paragraph C and Paragraph D of this Section 1 is a
contingency of this Agreement.
B. Initial Deposit: _____________________
C. First Loan in the Amount of: ______________________
D. Additional Financing Terms: ______________________
E. Balance of Purchase Price: ______________________
SECTION 2-- EXPIRATION OF OFFER.
This offer shall be deemed revoked and the Initial Deposit shall be returned unless the offer is
signed by Seller and a Copy of the signed offer is personally received by Buyer on or before
[TIME] on [DATE].
SECTION 3--FURTHER ASSURANCES.
The parties hereto shall, on or before _____________________ AM/PM on ______________,
_____ execute a [APPLICABLE STANDARD FORM] or any form substantially similar
thereto, which, when executed, shall more fully memorialize the terms and conditions between
the parties.
SECTION 4-- MARKETABLE TITLE.
A good and sufficient Deed, conveying a good and clear record and marketable title shall be
delivered by 12:00 Noon on __________________, ________, at the appropriate Registry of
Deeds, unless some other time and place are mutually agreed upon in writing.
SECTION 5-- DEFAULT.
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If Purchaser does not fulfill the obligations under this Offer, the above mentioned Initial
Deposit shall be forfeited by Purchaser and shall become property of the Seller.
SECTION 6-- TIME IS OF THE ESSENCE.
Time is of the essence with respect to all provisions of this Offer to Purchase Real Property that
specify a time for performance; provided, however, that the foregoing shall not be construed to
limit or deprive a party of the benefits of any grace or use period allowed herein.
SIGNED BY:
__________________________________
[BUYER’S NAME]
ACCEPTED BY:
__________________________________
[SELLER’S NAME]
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