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Alabama Purchase and Sale Agreement Form

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Alabama Purchase and Sale Agreement Form
Alabama Purchase and Sale Agreement Form
PURCHASE AND SALE AGREEMENT
Conventional Form
With Limited Warranty
This document and the exhibits and attachments are not final or complete instruments, they include several options which
may be included or deleted, and should not be executed in their present form. The HBAA and its local chapters do not assume
any liability for damages arising from the use of this document and the exhibits and attachments thereto and give no opinion
that any of the terms and conditions in this document and the exhibits and attachments should be accepted by the parties in a
particular transaction. Terms and conditions should be negotiated between the parties based upon the respective interests,
objectives, and bargaining positions of all interested parties. Seek specific legal advice from your lawyer.
This PURCHASE AND SALE AGREEMENT (hereinafter “this Agreement”) is hereby bargained for, made, and entered
into on the ________ day of ___________________, 20________, by and between ________________________________________
_______________________________________________________________________________ (hereinafter referred to as Seller”)
and ________________________________________________________________________________________________________
(hereinafter, whether one or more, referred to as “Buyer”).
W I T N E S S E T H :
Buyer desires to purchase from Seller, and Seller has agreed to sell to Buyer, the following described real property (the
“Land”) situated in ______________________ County, Alabama, and more particularly described as follows:
Address: _____________________________________________________________________________________
Legal description: _____________________________________________________________________________
_____________________________________________________________________________________________
_____________________________________________________________________________________________
(See attached Exhibit I for legal description of the Land if not inserted in the above space.)
together with all improvements thereon, if any (the Land and said improvements hereinafter referred to together as the “Property”).
The Property either has been or will be improved with a residential dwelling (the “Dwelling”) in accordance with the provisions of
this Agreement. As a part of the negotiation of the terms and provisions of this Agreement, Buyer and Seller have negotiated between
themselves the terms and provisions of a Limited Warranty Agreement and [Insert here one, but only one, of either “a
Preoccupancy Inspection Agreement as described herein below” or “Acknowledgment of Acceptance as described herein
below” and remove as an exhibit the one that was not selected].
NOW, THEREFORE, in consideration of the foregoing recitals, the agreements contained herein and attached hereto, the
provisions of the Limited Warranty Agreement, and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Buyer and Seller do hereby agree as follows:
1. Purchase and Sale. Buyer hereby agrees to purchase the Property from Seller, and Seller hereby agrees to sell the
Property to Buyer.
2. Purchase Price. The purchase price to be paid by Buyer to Seller for the conveyance of the Property, as improved
with the Dwelling, shall be the sum of ____________________________________________________________________ Dollars
(the “Purchase Price”) and shall be payable as follows:
Alabama Purchase and Sale Agreement Form
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