For Sale By Owner Contract
This Agreement (the "Agreement"), made and entered into this [Day] day of [Month], [Year] (the "Effective Date"), is by and between [Your Name], having its principal place of residence at [Your Address] (the "Seller"), and [Buyer's Name], having its principal place of residence at [Buyer's Address] (the "Buyer").
PROPERTY
The property subject of this Agreement is located at [Property Address] (the "Property").
PURCHASE PRICE
The agreed-upon purchase price for the Property is [Agreed Purchase Price] USD.
DEPOSIT
The Buyer agrees to pay a deposit of [Deposit Amount] USD on or before [Payment Date].
CLOSING
The sale shall close on [Closing Date].
CONTINGENCIES
The purchase offer is contingent upon a satisfactory inspection of the Property by a licensed inspector within [Inspection Period].
INSURANCE
Until the closing date, the Seller shall maintain in force comprehensive general liability, casualty, and property damage insurance.
BREACH OF CONTRACT
In the event of a breach of this Agreement by a Party, the non-breaching Party shall be entitled to pursue all remedies available under law or equity.
GOVERNING LAW
This Agreement shall be interpreted by the laws of the State of [State].
ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the Parties and supersedes all prior oral or written agreements, understandings, or arrangements.
IN WITNESS WHEREOF, this Agreement has been executed by the Parties as of the Effective Date.
[SELLER'S NAME]
[DATE SIGNED]
[BUYER'S NAME]
[DATE SIGNED]
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