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 partiesâ€™ 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 land containing _______________Square Feet, more or less,
located at _____________________________________________ and further described in the
__________________________County Registry of Deeds Book ________ Page ________
(hereinafter the â€œPropertyâ€).
I, ________ (hereinafter â€œBuyerâ€), hereby offer to buy said Property for a total
purchase price of _______ dollars ($__) on the following terms and conditions (hereinafter the
1. FINANCING TERMS
a) Obtaining the loan(s) referenced in Paragraph (c) and Paragraph (d) of this Financing
Terms Paragraph is a contingency of this Offer.
b) Initial Deposit:
c) First Loan in the Amount of:
d) Additional Financing Terms:
e) Balance of Purchase Price:
2. EXPIRATION OF OFFER
The Offer set forth herein 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].
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 of the Offer as between the parties.
4. MARKETABLE TITLE
A good and sufficient deed, conveying a good and clear record and marketable title shall be
delivered by _______ Noon on __________________, ________, at the appropriate Registry
of Deeds, unless some other time and place are mutually agreed upon in writing.
If Buyer does not fulfill its obligations under this Offer, the above mentioned Initial
Deposit shall be forfeited by Buyer and shall become property of the Seller.
6. TIME IS OF THE ESSENCE
Time is of the essence with respect to all provisions of this Offer [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.
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