Alabama Land Sales Contract Form – Fill Out and Use This PDF

Enter the Date.

Print the exact names in which title will be taken for the undersigned Buyer(s) and the undersigned Seller(s), then enter the City, County, Address and Zip Code of the described lot(s) or other unimproved land in Alabama.

For the Legal Description, enter the Lot, Block, Survey, Map Book and Page.

Enter the total purchase price of the Property after the $.

Enter the Earnest Money after the $.

Seller and Buyer direct the Listing Company to hold the Earnest Money in trust until this Contract has been accepted and signed by all parties, at which time the Earnest Money will be promptly deposited into the escrow account of the Listing Company.

If an offer or counteroffer is not accepted, the Earnest Money shall be returned to Buyer without a signed release.

If the Contract is accepted and signed by all parties and the sale does not close, a separate mutual release signed by all parties to this Contract will be required before the Earnest Money will be disbursed.

Check as applicable.

(1) Buyer will pay cash or obtain a loan for the Property with no financing contingency.

(2) This Contract is contingent on Buyer obtaining approval of a loan in the amount of $ or % of the Purchase Price (excluding any financed loan costs) at the prevailing interest rate and loan costs. Buyer will apply for financing within the number of days you fill in (7 days if left blank), from the Finalized Date and will provide any and all credit, employment, financial and other information required by the mortgage lender. "Finalized Date" shall mean the date that appears under the signatures of the parties to this Contract. No term of this financing contingency can be changed without written authorization of the Seller.

Check if applicable. This Contract is contingent upon Buyer obtaining appropriate financing, applicable building permits, all utilities (electricity, gas, sewer and water) for use on the Property for the purpose intended. In the event there is not a public sewer system, this Contract is also subject to approval by proper Health Department authorities of a permit for installation of a septic tank. In the event any one of these contingencies cannot be fulfilled on or before _____________, 20__, Seller agrees to refund Earnest Money and this Contract shall become null and void. Buyer is responsible for determining whether all necessary utilities are on the Property and are available for the intended purpose of the Buyer.

Fill in: the sale shall be closed and the deed delivered on or before , 20___ at __:___ a.m.___ p.m.___.

Fill in the listing company and the selling company.

For the listing company and for the selling company, check an agent of the seller, an agent of the buyer, or an agent of both the seller and buyer acting as a limited consensual dual agent, or check assisting the buyer or seller as a transaction broker; two blocks may be checked.

SIGN Buyer's Initials and Seller's Initials.

Buyer does or does not require a survey by a registered Alabama land surveyor of Buyer's choosing; check one.

Available information indicates that the Property is is not located in a flood plain, but this should be confirmed by a flood plain certification and/or a current surveyor's statement in the survey which shall be the responsibility of Buyer; check one.

Unless otherwise agreed herein, the survey shall be at Buyer's expense.

Seller agrees to convey the Property to Buyer by ________ warranty deed (check if Buyer desires that title be held as joint tenants with rights of survivorship), free of all encumbrances except as permitted in this Contract.

Fill in the present zoning classification that Seller understands.

Seller makes no representations or warranties regarding condition of the Property except to the extent expressly and specifically set forth herein.

Except as otherwise stated in this Contract, Buyer accepts the Property in its present "as is" conditions.

Add Buyer's Initials, then Seller's Initials, at each SIGN.

Seller and Buyer acknowledge and agree that if such matters are of concern to them in the decision to sell or purchase the Property, they have sought and obtained independent advice relative thereto.

Buyer's Initials and Seller's Initials go at each SIGN here too.

Buyer and Seller do or do not agree to share the fees of a closing attorney; check one.

All claims, disputes or other matters in question arising out of or relating in any way to this Contract or the breach thereof shall be submitted to mediation with a mutually agreed upon mediator within forty-five (45) days of notice of the Claim.

In the event no mediated resolution is reached within sixty (60) days of the party's notice of the Claim, all Claims shall be resolved by binding arbitration by a single arbitrator in Birmingham, Alabama.

EACH PARTY ACKNOWLEDGES THAT HE OR SHE IS KNOWINGLY WAIVING THE RIGHT TO A TRIAL BY JURY RELATING TO ALL CLAIMS.

Buyer's Initials and Seller's Initials go at each SIGN.

Additional provisions to this Contract are set forth on the attached Addendum(s) # you fill in, which shall be signed by all parties and shall be part of this Contract.

Each Buyer signs and dates it, with a Witness to Buyer's Signature.

Each Seller signs and dates it, with a Witness to Seller's Signature.

This is a legally binding contract. If you do not understand the legal effect of any part of this Contract, seek legal advice before signing.

Fill in the Finalized Date, 20______ (Date on which last party signed or initialed acceptance of final offer). EARNEST MONEY: Receipt of the earnest money in the amount identified in Paragraph 1 is hereby acknowledged.

Mark CASH or CHECK, then fill in LISTING COMPANY By: and DATE.

Seller agrees to furnish Buyer a standard form owner's title insurance policy at Seller's expense, issued by a company qualified to insure titles in Alabama, in the amount of the Purchase Price, insuring Buyer against loss on account of any defect or encumbrance in the title, subject to exceptions herein, including Paragraphs 6 & 8; otherwise, the Earnest Money shall be refunded in accordance with Paragraph 3. In the event owner's and mortgagee's title policies are required at closing, the total expense of procuring the two policies will be divided equally between Seller and Buyer, even if the mortgagee is the Seller. Buyer and Seller acknowledge that in the event this Contract is cancelled or does not close for any reason, fees or costs paid in advance may be non-refundable.