Nevada Standard Residential Purchase Agreement Form
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STANDARD RESIDENTIAL PURCHASE AGREEMENT
STATE OF NEVADA
BROKER includes cooperating brokers and all sales persons. DAYS means calendar days, midnight to midnight, unless otherwise specified.
BUSINESS DAY excludes Saturdays, Sundays and legal holidays. DATE OF ACCEPTANCE means the date Seller accepts the offer or the
Buyer accepts the counter offer. DELIVERED means personally delivered, transmitted by facsimile machine, by a nationally recognized over-
night courier, or by first class mail, postage prepaid. In the event of mailing, the document will be deemed delivered three (3) business
days after deposit; in the event of overnight courier, one (1) business day after deposit; and if by facsimile, at time of transmission provided
that a transmission report is generated and retained by the sender reflecting the accurate transmission of the document. Unless otherwise
provided in this Agreement or by law, delivery to the agent will constitute delivery to the principal. DATE OF CLOSING means the date title is
transferred. TERMINATING THE AGREEMENT means that both parties are relieved of their obligations and all deposits will be returned to
Buyer. PROPERTY means the real property and any personal property included in the sale.
AGENCY RELATIONSHIP CONFIRMATION. The following agency relationship is hereby confirmed for this transaction and supersedes
any prior agency election:
LISTING AGENT: by is the agent of (check one):
(Print Company Name) (Print Agent Name)
the Seller exclusively; orboth the Buyer and the Seller.
SELLING AGENT: by is the agent of (check one):
(Print Company Name) (Print Agent Name)
the Buyer exclusively; or the Seller exclusively; or both the Buyer and the Seller.
Note: This confirmation DOES NOT take the place of the AGENCY DISCLOSURE forms required by regulation.
hereinafter designated as BUYER, offers to purchase the real property
situated in , County of , Nevada,
commonly known as
FOR THE PURCHASE PRICE OF $ (
dollars) on the following terms and conditions:
Buyer does Buyer does not intend to occupy the property as his or her residence.
1. FINANCING TERMS AND LOAN PROVISIONS.
A. $DEPOSIT evidenced by check, or other: ,
held uncashed until acceptance and not later than three (3) business days thereafter deposited toward
purchase price with: .
B. $ADDITIONAL CASH DEPOSIT to be placed in escrow within days after acceptance, upon
receipt of Loan Commitment per Item 2, Other: .
C. $BALANCE OF CASH PAYMENT needed to close, not including closing costs.
D. $NEW FIRST LOAN: CONVENTIONAL, FHA, VA, Other financing acceptable to Buyer:
FIXED RATE: For years, interest not to exceed %, payable at approximately $
per month (principal and interest only), with the balance due in not less than years.
ARM: For years, initial interest rate not to exceed %, with initial monthly payments of
$ and maximum lifetime rate not to exceed %.
Buyer will pay loan fee or points not to exceed .
Lender to appraise property at no less than purchase price prior to loan contingency removal.
If FHA or VA, Seller will pay % discount points. Seller will also pay other fees and costs, as
required by FHA or VA, not to exceed $ .
E. $EXISTING FINANCING: FIRST LOAN, SECOND LOAN:
ASSUMPTION OF, SUBJECT TO existing loan of record described as follows:
F. $SELLER FINANCING: FIRST LOAN, SECOND LOAN, THIRD LOAN, secured by the property.
Seller Financing Addendum is attached and made a part of this Agreement.
G. $OTHER FINANCING TERMS:
H. $TOTAL PURCHASE PRICE (not including closing costs).
2. LOAN APPROVAL. (Please check on of the following):
A. CONTRACT IS NOT CONTINGENT upon Buyer obtaining a loan.
B. CONTRACT IS CONTINGENT upon Buyer's ability to obtain a commitment for new financing, as set forth above, from a lender or
mortgage broker of Buyer's choice, and /or consent to assumption of existing financing provided for in this Agreement, within days
after acceptance. Buyer will in good faith use his or her best efforts to qualify for and obtain the financing and will complete and submit
a loan application within five (5) days after acceptance. Buyer will, will not provide a prequalification letter or preapproval
letter from lender or mortgage broker based on Buyer's application and credit report within days after acceptance. In the event
loan commitment or consent is obtained but not timely honored without fault of Buyer, Buyer may terminate this Agreement.
3. BONDS AND ASSESSMENTS. In the event there is a bond or assessment which has an outstanding principal balance and is a lien
upon the property, the current installment will be prorated between Buyer and Seller as of the date of closing. Future installments
Buyer [ ______ ] [ ______ ] and Seller [ ______ ] [ ______ ] have read this page.
CAUTION: The copyright laws of the United States forbid the unauthorized reproduction of this form by any
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