Dear [Buyer's Name], I am writing this letter to discuss and formalize the agreement for the purchase and sale of the property located in Fulton, Georgia. This detailed description outlines the terms and conditions associated with the transaction, ensuring a smooth and secure transfer of property ownership. Property Description: The subject property is situated in Fulton, Georgia, a county located in the northwest section of the state. Fulton is a vibrant and thriving area known for its rich history, diverse community, and burgeoning real estate market. The property itself is [describe property features, including size, layout, amenities, and any unique selling points]. Purchase Price: The agreed-upon purchase price for the property is [specific amount]. Both parties hereby acknowledge that this price reflects current market conditions and aligns with the fair market value of the property. Earnest Money Deposit: As a demonstration of the buyer's serious intent to proceed with the purchase, the buyer shall submit an earnest money deposit of [specific amount] within [number of days] from the date of acceptance of this agreement. This deposit will be held in escrow by a designated third party and will be credited towards the purchase price at closing. Due Diligence Period: Upon acceptance of this agreement, the buyer shall be granted a due diligence period of [number of days]. During this time, the buyer is entitled to conduct inspections, surveys, and obtain any necessary permits or approvals. The seller hereby agrees to grant the buyer reasonable access to the property for these purposes. Closing Date: The closing date for this transaction shall be scheduled within [number of days] from the expiration of the due diligence period, or as mutually agreed upon by both parties. The closing shall take place at a location agreed upon by both the buyer and the seller. Title and Closing Costs: The title to the property shall be conveyed to the buyer by a warranty deed, free and clear of all liens and encumbrances, except as otherwise explicitly mentioned in this agreement. The buyer and seller shall share the closing costs, including but not limited to, title search fees, title insurance, and transfer taxes, as per customary practices in Fulton, Georgia. Financing: The buyer shall have the option to finance the purchase through a third-party mortgage lender. In the event of financing, the seller acknowledges and agrees to cooperate with any necessary inspections or appraisals required by the lender, provided the buyer adheres to a reasonable timeframe. Contingencies: This agreement is contingent upon the satisfaction of the following conditions: 1. Financing contingency: The buyer securing a loan, as described in the financing section, within a mutually agreed-upon timeframe. 2. Inspection contingency: The property passing a satisfactory inspection, confirming it is in a proper and habitable condition. 3. Appraisal contingency: The property appraising for at least the purchase price stated in this agreement. Termination: Either party may terminate this agreement in writing, within the specified due diligence period, if any of the contingencies mentioned above are not met. In such cases, the earnest money deposit shall be returned to the buyer. Applicable Law and Dispute Resolution: This agreement shall be governed by the laws of the state of Georgia. Any disputes arising between the parties shall be subject to resolution through mediation or arbitration, as agreed upon by both parties. Acceptance: Both the buyer and the seller acknowledge their understanding and agreement to the terms and conditions stated above. This agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of which together shall constitute one agreement. Please review the terms and contact me with any modifications or clarifications you may require. Once we have reached final agreement, we will proceed with the necessary legal documentation to effectuate the sale. Thank you for your attention, and I look forward to finalizing this transaction. Sincerely, [Your Name] [Your Contact Information]
Fulton Georgia Sample Letter for Agreement for the Purchase and Sale of Property
Category:
State:
Multi-State
County:
Fulton
Control #:
US-0187LTR
Format:
Word;
Rich Text
Instant download
Description
This form is a sample letter in Word format covering the subject matter of the title of the form.
Dear [Buyer's Name], I am writing this letter to discuss and formalize the agreement for the purchase and sale of the property located in Fulton, Georgia. This detailed description outlines the terms and conditions associated with the transaction, ensuring a smooth and secure transfer of property ownership. Property Description: The subject property is situated in Fulton, Georgia, a county located in the northwest section of the state. Fulton is a vibrant and thriving area known for its rich history, diverse community, and burgeoning real estate market. The property itself is [describe property features, including size, layout, amenities, and any unique selling points]. Purchase Price: The agreed-upon purchase price for the property is [specific amount]. Both parties hereby acknowledge that this price reflects current market conditions and aligns with the fair market value of the property. Earnest Money Deposit: As a demonstration of the buyer's serious intent to proceed with the purchase, the buyer shall submit an earnest money deposit of [specific amount] within [number of days] from the date of acceptance of this agreement. This deposit will be held in escrow by a designated third party and will be credited towards the purchase price at closing. Due Diligence Period: Upon acceptance of this agreement, the buyer shall be granted a due diligence period of [number of days]. During this time, the buyer is entitled to conduct inspections, surveys, and obtain any necessary permits or approvals. The seller hereby agrees to grant the buyer reasonable access to the property for these purposes. Closing Date: The closing date for this transaction shall be scheduled within [number of days] from the expiration of the due diligence period, or as mutually agreed upon by both parties. The closing shall take place at a location agreed upon by both the buyer and the seller. Title and Closing Costs: The title to the property shall be conveyed to the buyer by a warranty deed, free and clear of all liens and encumbrances, except as otherwise explicitly mentioned in this agreement. The buyer and seller shall share the closing costs, including but not limited to, title search fees, title insurance, and transfer taxes, as per customary practices in Fulton, Georgia. Financing: The buyer shall have the option to finance the purchase through a third-party mortgage lender. In the event of financing, the seller acknowledges and agrees to cooperate with any necessary inspections or appraisals required by the lender, provided the buyer adheres to a reasonable timeframe. Contingencies: This agreement is contingent upon the satisfaction of the following conditions: 1. Financing contingency: The buyer securing a loan, as described in the financing section, within a mutually agreed-upon timeframe. 2. Inspection contingency: The property passing a satisfactory inspection, confirming it is in a proper and habitable condition. 3. Appraisal contingency: The property appraising for at least the purchase price stated in this agreement. Termination: Either party may terminate this agreement in writing, within the specified due diligence period, if any of the contingencies mentioned above are not met. In such cases, the earnest money deposit shall be returned to the buyer. Applicable Law and Dispute Resolution: This agreement shall be governed by the laws of the state of Georgia. Any disputes arising between the parties shall be subject to resolution through mediation or arbitration, as agreed upon by both parties. Acceptance: Both the buyer and the seller acknowledge their understanding and agreement to the terms and conditions stated above. This agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of which together shall constitute one agreement. Please review the terms and contact me with any modifications or clarifications you may require. Once we have reached final agreement, we will proceed with the necessary legal documentation to effectuate the sale. Thank you for your attention, and I look forward to finalizing this transaction. Sincerely, [Your Name] [Your Contact Information]
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