The Real Estate Intent to Purchase Form serves as a crucial initial step in the property acquisition process within the United States. This document is typically used when a prospective buyer has identified a property of interest but needs time to conduct due diligence, secure financing, or meet other conditions before proceeding with a full purchase agreement. The form protects both parties' interests by documenting the proposed terms while allowing the transaction to move forward in good faith. It includes essential details such as property description, proposed purchase price, earnest money provisions, and key deadlines, while complying with applicable federal and state real estate regulations.
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1. Parties: Identification of buyer and seller with full legal names and addresses
2. Property Description: Detailed legal description of the property including address and parcel number
3. Purchase Price: Agreed purchase price and payment terms
4. Earnest Money: Amount and terms of earnest money deposit
5. Due Diligence Period: Timeframe for buyer's inspection and investigation of property
6. Closing Date: Proposed date for completion of transaction
1. Financing Contingency: Optional section specifying terms for buyer's obligation to secure financing - used when buyer requires mortgage financing
2. Sale Contingency: Optional section specifying conditions if buyer must sell existing property - used when buyer needs to sell current property first
3. Personal Property: Optional section listing specific items included or excluded from the sale - used when certain personal property items are part of the transaction
1. Property Disclosure Statement: Seller's disclosure of property condition and known defects
2. Personal Property Schedule: Detailed list of included personal property items
3. Evidence of Title: Preliminary title report or commitment
Relevant legal definitions
Agreement
Property
Purchase Price
Earnest Money
Deposit
Closing
Closing Date
Due Diligence Period
Due Diligence Materials
Effective Date
Escrow Agent
Inspection Period
Title Company
Title Commitment
Permitted Exceptions
Property Documents
Business Day
Buyer
Seller
Parties
Real Property
Personal Property
Fixtures
Improvements
Contingencies
Force Majeure
Notice
Title Defects
Deed
Property
Purchase Price
Earnest Money
Deposit
Closing
Closing Date
Due Diligence Period
Due Diligence Materials
Effective Date
Escrow Agent
Inspection Period
Title Company
Title Commitment
Permitted Exceptions
Property Documents
Business Day
Buyer
Seller
Parties
Real Property
Personal Property
Fixtures
Improvements
Contingencies
Force Majeure
Notice
Title Defects
Deed
Clauses
Property Description
Purchase Price
Payment Terms
Earnest Money
Due Diligence
Inspection Rights
Title Review
Contingencies
Representations and Warranties
Closing Conditions
Default and Remedies
Risk of Loss
Property Access
Notices
Assignment
Time of Essence
Governing Law
Dispute Resolution
Force Majeure
Termination Rights
Broker Disclosure
Property Condition
Environmental Matters
Survival
Severability
Entire Agreement
Amendment
Counterparts
Purchase Price
Payment Terms
Earnest Money
Due Diligence
Inspection Rights
Title Review
Contingencies
Representations and Warranties
Closing Conditions
Default and Remedies
Risk of Loss
Property Access
Notices
Assignment
Time of Essence
Governing Law
Dispute Resolution
Force Majeure
Termination Rights
Broker Disclosure
Property Condition
Environmental Matters
Survival
Severability
Entire Agreement
Amendment
Counterparts
Relevant Industries
Relevant Teams
Relevant Roles
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