Contract for Sale of Real Estate - New Jersey
CONTRACT FOR SALE OF REAL
ESTATE
This Contract for Sale is made on 20
BETWEEN
whose address is
,
referred to as the Seller,
AND
whose address is ,
referred to as the Buyer.
The words "Buyer" and "Seller" include all buyers and all Sellers listed above.
1. Purchase Agreement. The Seller agrees to sell and the Buyer agrees to buy the property described
in this
contract.
2. Property. The property to be sold consists of (a) the land and all the buildings, other improvements
and fixtures on the land; (b) all of the Seller's rights relating to the land; and (c) all personal property
specifically included in this contract. The real property to be sold is commonly known as
in the
Township of in the County of and State of New Jersey. It is
shown on the municipal tax map as lot in block . This property is more fully
described in the attached Schedule A.
3. Purchase Price. The purchase price is $
4. Payment of Purchase Price. The Buyer will pay th e purchase price
as follows:
Previously paid by the
Buyer (initial deposit) $
Upon signing of this contract (balance of deposit) $
Amount of mortgage (paragraph 6) $
By assuming the obligation to pay the present mortgage according to its terms, this
mortgage shall be in good standing at the closing. Either party may cancel this contract
if the Lender does not p ermit the Buyer to assume the mortgage (estimated balance due). $
By the Seller taking back a note and mortgage for years at % interest with $
monthly payments based on a payment schedule. The Buyer will pay the
Seller's attorney $ for the preparation of the necessary documents. The Buyer will
also pay all recording costs and provide the Seller with an adequate affidavit of title.
Balance to be paid at closing of title, in cash or by certified or bank cashier's ch eck
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