Wyoming Real Estate For Sale Form – Fill Out and Use This PDF

CONTRACT FOR THE SALE AND PURCHASE OF REAL ESTATE

(NO BROKER)

	For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
			,“Seller” whether one or more, and
			,“Buyer” whether one or more,
	do hereby covenant, contract and agree as follows:
1.	AGREEMENT TO SALE AND PURCHASE:	Seller agrees to sell, and Buyer agrees to buy from Seller the

property described as follows: (complete adequately to identify property) County, Wyoming.

Address:

Legal Description (or see attached exhibit):

As described in attached Exhibit.

Together with the following items, if any: (Strike items to be retained by Seller) curtains and rods, draperies and rods, valances, blinds, window shades, screens, shutters, awnings, wall-to-wall carpeting, mirrors fixed in place, ceiling fans, attic fans, mail boxes, television antennas and satellite dish system with controls and equipment, permanently installed heating and air-conditioning units, window air-conditioning units, built-in security and fire detection equipment, plumbing and lighting fixtures including chandeliers, water softener, stove, built-in kitchen equipment, garage door openers with controls, built-in cleaning equipment, all swimming pool equipment and maintenance accessories, shrubbery, landscaping, permanently installed outdoor cooking equipment, built-in fireplace screens, artificial fireplace logs and all other property owned by Seller and attached to the above described real property except the following property which is not included (list items not included):

All property sold by this contract is called the "Property."

2.SALES PRICE: The parties agree to the following sales price:

	Amount	Amount
Purchase Price	$
Earnest Money		$
New Loan		$
Assumption of Loan		$
Seller Financing		$
Cash at Closing		$
Total ( both columns should be equal)	$	$
Both columns should be an equal amount.

If the unpaid principal balance(s) of any assumed loan(s), if any, as of the Closing Date varies from the loan balance(s) stated above, the cash payable at closing will be adjusted by the amount of any variance.

Buyer Initials ______ _______	- 1 -	Seller Initials _______ _______

Credit Information. If Buyer is to pay all or part of the purchase price by executing a promissory note in favor of Seller or if an existing loan is not to be released at closing, this contract is conditional upon Seller's approval of Buyer's financial ability and creditworthiness, which approval shall be at Seller's sole and

absolute discretion. In such case: (l) Buyer shall supply to Seller on or before

,

,at, Buyer's expense, information and documents concerning Buyer's financial, employment and credit condition; (2) Buyer consents that Seller may verify Buyer's financial ability and creditworthiness; (3) any such information and documents received by Seller shall be held by Seller in confidence, and not released to others except to protect Seller's interest in this transaction; (4) if Seller does

	not provide written notice of Seller's disapproval to Buyer on or before					,	,
	then Seller waives this condition.
4.	EARNEST MONEY: Buyer shall deposit $		as earnest money with
	upon execution of this contract by both parties.

5.PROPERTY CONDITION:

SELLER’S DISCLOSURE OF LEAD-BASED PAINT AND LEAD-BASED PAINT HAZARDS is required by Federal law for a residential dwelling constructed prior to 1978. An addendum providing such disclosure is attached is not applicable.

Buyer hereby represents that he has personally inspected and examined the above-mentioned premises and all improvements thereon. Buyer hereby acknowledges that unless otherwise set forth in writing elsewhere in this contract neither Seller nor Seller's representatives, if any, have made any representations concerning the present or past structural condition of the improvements. Buyer and Seller agree to the following concerning the condition of the property:

Buyer accepts the property in its "as-is" and present condition.

Buyer may have the property inspected by persons of Buyer's choosing and at Buyer's expense. If the inspection report reveals defects in the property, Buyer shall notify Seller within 5 days of receipt of the report and may cancel this contract and receive a refund of earnest money, or close this agreement notwithstanding the defects, or Buyer and Seller may renegotiate this contract, in the

discretion of Seller. All inspections and notices to Seller shall be complete within days after execution of this agreement.

Buyer accepts the Property in its present condition; provided Seller, at Seller’s expense, shall complete the following repairs and treatment:

Buyer agrees that he will not hold Seller or its representatives responsible or liable for any present or future structural problems or damage to the foundation or slab of said property. If the subject residential dwelling was constructed prior to 1978, Buyer may conduct a risk assessment or inspection for the presence of lead-based

paint and/or lead-based paint hazards, to be completed within days after execution of this agreement. In the alternative, Buyer may waive the opportunity to conduct an assessment/inspection by indicating said waiver on the attached Lead-Based Paint Disclosure form.

MECHANICAL EQUIPMENT AND BUILT IN APPLIANCES: All such equipment is sold								"as-is" without
warranty, or		shall be in good working order on the date of closing. Any repairs needed to mechanical equipment
or appliances, if any, shall be the responsibility of				Seller	Buyer.
UTILITIES: Water is provided to the property by							, Sewer is provided
by		.		Gas is provided by				.
Buyer Initials ______		_______		- 3 -		Seller Initials		_______ _______

Electricity is provided by

.

Other:

	The present condition of all utilities is accepted by Buyer.
6.	CLOSING: The closing of the sale will be on or before			, 20			, unless extended pursuant
	to the terms hereof.
	Closing may be extended to within 7 days after objections to matters disclosed in the title abstract, certificate or
	Commitment or by the survey have been cured.
	If financing or assumption approval has been obtained, the Closing Date will be extended up to 15 days if necessary
	to comply with lender's closing requirements (for example, appraisal, survey, insurance policies, lender-required
	repairs, closing documents). If either party fails to close this sale by the Closing Date, the non-defaulting party will
	be entitled to exercise the remedies contained herein. The closing date may also be extended by written agreement of
	the parties.
7.	TITLE AND CONVEYANCE: Seller is to convey title to Buyer by Warranty Deed or								(as
	appropriate) and provide Buyer with a Certificate of Title prepared by an attorney, title or abstract company upon
	whose Certificate or report title insurance may be obtained from a title insurance company qualified to do and doing
	business in the state of Wyoming. Seller will also execute a Bill of Sale, if necessary, for the transfer of any
	personal property. Seller shall, prior to or at closing, satisfy all outstanding mortgages, deeds of trust and special
	liens affecting the subject property which are not specifically assumed by Buyer herein. Title shall be good and
	marketable, subject only to (a) covenants, conditions and restrictions of record, (b) public, private utility easements
	and roads and rights-of-way, (c) applicable zoning ordinances, protective covenants and prior mineral reservations,
	(d) special and other assessments on the property, if any, (e) general taxes for the year							and subsequent
	years and (e) other:								. A

title report shall be provided to Buyer at least 5 days prior to closing. If there are title defects, Seller shall notify Buyer within 5 days of closing and Buyer, at Buyer's option, may either (a) if defects cannot be cured by designated closing date, cancel this contract, in which case all earnest money deposited shall be returned, (b) accept title as is, or

(c)if the defects are of such character that they can be remedied by legal action within a reasonable time, permit Seller such reasonable time to perform curative work at Seller's expense. In the event that the curative work is performed by Seller, the time specified herein for closing of this sale shall be extended for a reasonable period necessary for such action. Seller represents that the property may be legally used as zoned and that no government agency has served any notice to Seller requiring repairs, alterations or corrections of any existing condition except as stated herein.

8.APPRAISAL, SURVEY AND TERMITE INSPECTION: Any appraisal of the property shall be the responsibility

Buyer Seller. A survey is: not required required, the cost of which shall be paid by Seller

Buyer. A termite inspection is	not required	required, the cost of which shall be paid by	Seller	Buyer. If a
survey is required it shall be obtained within 5 days of closing.

9.POSSESSION AND TITLE: Seller shall deliver possession of the Property to Buyer at closing. Title shall be

conveyed to Buyer, if more than one as		Joint tenants with rights of survivorship,		tenants in common,
Other:			Prior to closing the property shall remain

in the possession of Seller and Seller shall deliver the property to Buyer in substantially the same condition at closing, as on the date of this contract, reasonable wear and tear excepted.

10.CLOSING COSTS AND EXPENSES: The following closing costs shall be paid as provided. (Leave blank if the closing cost does not apply.)

Buyer Initials ______ _______	- 4 -	Seller Initials _______ _______

Closing Costs

Buyer

Seller

Both*

Attorney Fees

Title Insurance

Title Abstract or Certificate

Property Insurance

Recording Fees

Appraisal

Survey

Termite Inspection

Origination fees

Discount Points

If contingent on rezoning, cost and expenses of rezoning

Other:

All other closing costs

* 50/50 between buyer and seller.

11.PRORATIONS: Taxes for the current year, interest, maintenance fees, assessments, dues and rents, if any, will be prorated through the Closing Date. If taxes for the current year vary from the amount prorated at closing, the parties shall adjust the prorations when tax statements for the current year are available. If a loan is assumed and the lender maintains an escrow account, the escrow account must be transferred to Buyer without any deficiency. Buyer shall reimburse Seller for the amount in the transferred account. Buyer shall pay the premium for a new insurance policy. If taxes are not paid at or prior to closing, Buyer will be obligated to pay taxes for the current year.

12.CASUALTY LOSS: If any part of the Property is damaged or destroyed by fire or other casualty loss after the effective date of the contract, Seller shall restore the Property to its previous condition as soon as reasonably possible. If Seller fails to do so due to factors beyond Seller’s control, Buyer may either (a) terminate this contract and the earnest money will be refunded to Buyer, (b) extend the time for performance and the Closing Date will be extended as necessary, or (c) accept the Property in its damaged condition and accept an assignment of insurance proceeds.

13.DEFAULT: If Buyer fails to comply with this contract, Buyer will be in default, and Seller may either (a) enforce specific performance, seek such other relief as may be provided by law, or both, or (b) terminate this contract and receive the earnest money as liquidated damages, thereby releasing both parties from this contract. If, due to factors beyond Seller’s control, Seller fails within the time allowed to make any non-casualty repairs or deliver evidence of clean title, Buyer may either (a) extend the time for performance up to 15 days and the Closing Date will be

Buyer Initials ______ _______	- 5 -	Seller Initials _______ _______

22.EMINENT DOMAIN: If the property is condemned by eminent domain after the effective date hereof, the Seller

and Buyer shall agree to continue the closing, or a portion thereof, or cancel this Contract. If the parties cannot agree, this contract shall remain valid with Buyer being entitled to any condemnation proceeds at or after closing, or be cancelled and the earnest money returned to Buyer.

23.OTHER PROVISIONS

24.TIME IS OF THE ESSENCE IN THE PERFORMANCE OF THIS AGREEMENT.

25.GOVERNING LAW: This contract shall be governed by the laws of the State of Wyoming.

26.DEADLINE LIST (Optional) (complete all that apply). Based on other provisions of Contract.

Deadline

Date

Loan Application Deadline, if contingent on loan

Loan Commitment Deadline

Buyer(s) Credit Information to Seller

Disapproval of Buyers Credit Deadline

Survey Deadline

Title Objection Deadline

Survey Deadline

Appraisal Deadline

Property Inspection Deadline

Whether or not listed above, deadlines contained in this Contract may be extended informally by a writing signed by the person granting the extension except for the closing date which must be extended by a writing signed by both Seller and Buyer.

EXECUTED the			day of			, 20		(THE EFFECTIVE DATE).
	Buyer				Seller
	Buyer				Seller

Buyer Initials ______ _______	- 7 -	Seller Initials _______ _______

EXHIBIT FOR DESCRIPTION OR ATTACH SEPARATE DESCRIPTION

RECEIPT

Receipt of Earnest Money is acknowledged.

Signature:

Date:

, 20

By:

Telephone (

)

Address

Facsimile (

)

City

State

Zip Code

Buyer Initials ______ _______	- 8 -	Seller Initials _______ _______