Common use of Purchase Price and Terms Clause in Contracts

Purchase Price and Terms. 9. Insert the dollar amount of the purchase price the Buyer must pay for the residential property. 10. If the Buyer is paying for the property via an “All Cash Offer”, check this box. The date and time of when the Buyer should provide the Seller’s third-party of documentation to verify sufficient funds shall be written here. If the verification of funds are unacceptable by the Seller, the Seller must provide a receipt. Insert the amount of business days a Seller must provide notice to the Buyer that the funds aren’t acceptable. 11.If the Buyer is purchasing the property through “Bank Financing”, check this box. Determine if the financing will be through a “Conventional Loan”, “FHA Loan”, “VA Loan”, or if there is “Other” financing write the description in the space provided. V. ADDITONAL TERMS 12. Insert the date of which the Buyer will provide the Seller a letter from a credible financial institution to verify the Buyer’s credit report, source of down payment, acceptable income and availability of funds to close the real estate transaction. 13. Identify if the loan is or isn’t contingent on the lease, sale or recording of another property by checking the box marked “is” or “is not”.

Purchase Price and Terms. 9. Insert the dollar amount of the purchase price the Buyer must pay for the residential property. 10. If the Buyer is paying for the property via an “All Cash Offer”, check this box. The date and time of when the Buyer should provide the Seller’s third-party of documentation to verify sufficient funds shall be written here. If the verification of funds are unacceptable by the Seller, the Seller must provide a receipt. Insert the amount of business days a Seller must provide notice to the Buyer that the funds aren’t acceptable. 11.If the Buyer is purchasing the property through “Bank Financing”, check this box. Determine if the financing will be through a “Conventional Loan”, “FHA Loan”, “VA Loan”, or if there is “Other” financing write the description in the space provided. V. ADDITONAL TERMS 12. Insert the date of which the Buyer will provide the Seller a letter from a credible financial institution to verify the Buyer’s credit report, source of down payment, acceptable income and availability of funds to close the real estate transaction. 13. Identify if the loan is or isn’t contingent on the lease, sale or recording of another property by checking the box marked “is” or “is not”. 14. Insert the due date of when the letter from a credible financial institution must be provided to the Seller. 15. If the letter is not provided by the Buyer, insert the amount of days from the letter’s due date that the Seller must provide a written notice to terminate the purchase agreement. VI.

Purchase Price and Terms. 9. Insert the dollar amount of the purchase price the Buyer must pay for the residential property. 10. If the Buyer is paying for the property via an “All Cash Offer”, check this box. The date and time of when the Buyer should provide the Seller’s third-party of documentation to verify sufficient funds shall be written here. If the verification of funds are unacceptable by the Seller, the Seller must provide a receipt. Insert the amount of business days a Seller must provide notice to the Buyer that the funds aren’t acceptable. 11.If the Buyer is purchasing the property through “Bank Financing”, check this box. Determine if the financing will be through a “Conventional Loan”, “FHA Loan”, “VA Loan”, or if there is “Other” financing write the description in the space provided. V. ADDITONAL TERMS 12. Insert the date of which the Buyer will provide the Seller a letter from a credible financial institution to verify the Buyer’s credit report, source of down payment, acceptable income and availability of funds to close the real estate transaction. 13. Identify if the loan is or isn’t contingent on the lease, sale or recording of another property by checking the box marked “is” or “is not”. 14.

Purchase Price and Terms. 9. Insert the dollar amount of the purchase price the Buyer must pay for the residential property. 10. If the Buyer is paying for the property via an “All Cash Offer”, check this box. The date and time of when the Buyer should provide the Seller’s third-party of documentation to verify sufficient funds shall be written here. If the verification of funds are unacceptable by the Seller, the Seller must provide a receipt. Insert the amount of business days a Seller must provide notice to the Buyer that the funds aren’t acceptable. 11.If the Buyer is purchasing the property through “Bank Financing”, check this box. Determine if the financing will be through a “Conventional Loan”, “FHA Loan”, “VA Loan”, or if there is “Other” financing write the description in the space provided. V. ADDITONAL TERMS 12. Insert the date of which the Buyer will provide the Seller a letter from a credible financial institution to verify the Buyer’s credit report, source of down payment, acceptable income and availability of funds to close the real estate transaction. 13. Identify if the loan is or isn’t contingent on the lease, sale or recording of another property by checking the box marked “is” or “is not”.