Offer to Purchase Real Estate



Offer to Purchase Real EstateTO: (Seller)Date: Re: The property at ,(the "Premises") (For title, see:)We hereby offer to buy the Premises from you, which has been offered to me by your broker, , as your agent, subject to the following terms and conditions:We will pay for the Premises $, of which:$ is paid herewith as a deposit to validate this Offer;$ is to be paid as an additional deposit upon the execution of the Purchase and Sale Agreement provided for below; and,$ is to be paid at the time of delivery of the Deed.This Offer is good until (A.M./P.M.) on , 20, at or before which time a copy of this Offer must be signed by you and returned to us or else this Offer shall be void and of no force or effect and the money paid with this Offer shall be returned to us immediately.The Closing shall take place at (A.M./P.M.) on , 20, at the appropriate Registry of Deeds.If this Offer is accepted by you, then our obligation to buy the Premises is subject to and conditioned upon:(a) Obtaining, on or before days from your acceptance of this Offer, an inspection of the Premises satisfactory to us; and,(b) Execution by you and us, on or before seven (7) days from your acceptance of this Offer, of a mutually satisfactory Purchase and Sale Agreement setting forth all of the terms and conditions of this transaction, which shall then become the agreement of the parties; and,(c) Our obtaining, on or before thirty (30) days from the execution of the Purchase and Sale Agreement, a satisfactory commitment letter from an institutional lender for a first mortgage loan not in excess of $ at prevailing rates and terms.If the above conditions are not satisfied after the acceptance of this Offer, this agreement shall terminate, you shall refund our deposit, and neither party shall have further recourse against each other.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.Time is of the essence of this Offer.The riders, if any, attached hereto are incorporated by reference.REBA Form No. 9FOR RESIDENTIAL PROPERTY CONSTRUCTED PRIOR TO 1978, ATTACH LEAD PAINT RIDER.When, as and if the deed is delivered and recorded and the purchase price is paid, you, the Seller, shall pay a brokerage commission of $ to .NOTICE: This is a legal document. Consult an attorney. Upon acceptance by the Seller, it constitutes a binding agreement 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.BuyerBuyerAddress of Buyer: ACCEPTANCEThis Offer is hereby accepted upon the foregoing terms and conditions and the receipt of the deposit of $ is hereby acknowledged.SellerSellerAddress of Seller: RECEIPT FOR DEPOSIT, 20Received from Buyer the sum of $ as a deposit under the terms of the above Offer. In the event of any disagreement between the parties, the Broker may retain the deposit pending instructions mutually given by the Seller and the Buyer. BrokerAll rights reserved. This form may not be copied or reproduced in whole or in part, except by a member of the Real Estate Bar Association for Massachusetts, without the prior express written consent of the Real Estate Bar Association for Massachusetts.Adopted November 28, 1988REBA Form No. 9 ................
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