Property Sale Agreement

This Agreement is made and entered into on [Date] by and between:

[Your Name], hereinafter referred to as the "Seller", and [Buyer's Name], hereinafter referred to as the "Buyer",

WHEREAS, the Seller desires to sell and the Buyer desires to purchase the property described below on the terms and conditions set forth herein.

NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1. Property Description:

The Seller agrees to sell and convey to the Buyer, and the Buyer agrees to purchase from the Seller, the real property commonly known as 789 Elm Street, Imperial Beach, CA, 90210, including all improvements and fixtures located thereon (hereinafter referred to as the "Property").

2. Purchase Price:

The total purchase price for the Property shall be three hundred thousand dollars ($300,000.00), payable as follows:

A deposit of twenty thousand dollars ($20,000.00) shall be paid by the Buyer to the Seller upon the execution of this Agreement.
The remaining balance of two hundred eighty thousand dollars ($280,000.00) shall be paid by the Buyer to the Seller at closing.

3. Closing:

The closing of the sale shall take place on or before the 30th day of April 2050, at a location mutually agreed upon by the parties.

4. Contingencies:

The sale of the Property is contingent upon the following:

The buyer obtaining financing for the purchase within 30 days.
Buyer's satisfactory inspection of the Property within 15 days.

5. Title and Condition of Property:

The Seller agrees to convey marketable title to the Property, free and clear of all liens, encumbrances, and defects in title, except as otherwise provided herein.

6. Representations and Warranties:

The Seller represents and warrants that:

The Seller has a good and marketable title to the Property.
The Seller has the full right, power, and authority to sell and convey the Property to the Buyer.
There are no pending legal actions or proceedings affecting the Property.

7. Closing Costs:

The Seller shall be responsible for attorney fees and transfer taxes, and the Buyer shall be responsible for loan origination fees and recording fees. Any other closing costs shall be split equally between the parties.

8. Default:

If there is a breach or failure by any one of the parties involved to fulfill their stipulated obligations, it is then established that the party who is not at fault - the non-defaulting party - is supposed to be fully endowed with every single right and remedy that is made available through the regulations of law or provisions of fairness, justice, and equality, otherwise described as equity.

9. Governing Law:

This Agreement shall be governed by and construed by the laws of the State of California. Any disputes arising out of or in connection with this Agreement shall be subject to the exclusive jurisdiction of the courts of California, to which the parties hereby submit.

10. Entire Agreement:

This Agreement constitutes the entire agreement between the parties concerning the subject matter hereof and supersedes all prior and contemporaneous agreements and understandings, whether written or oral.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.

[YOUR NAME] (Seller)

[DATE SIGNED]

[BUYER'S NAME] (Buyer)

[DATE SIGNED]