Date: VIA FASCIMALE & EMAIL Mr. Gaines Dempsey
Date: ____________________
VIA FASCIMALE & EMAIL Mr. Gaines Dempsey Phone : (706) 346-4533 Email : [email protected] Acting as : Seller’s Agent & Principal RE:
Letter of intent to Purchase approximately 45 Acres in Floyd County, GA .
This non-binding letter of intent shall serve as a offer of interest on behalf of ________________ in acquiring the above referenced property under the following terms and conditions: PURCHASER:
Name: Address: Phone: Cell Phone: Email:
SELLER:
Lynn Dempsey & Gaines Dempsey
PROPERTY:
44.661 Acres according to a plat by Horne & Associates dated 9/6/2007. Said plat attached and made a part hereof by reference.
PURCHASE PRICE:
$______________________
EARNEST MONEY:
As earnest money deposit, purchaser shall deliver the sum of $___________ to Dempsey Auction Co. to be placed in their escrow account until closing.
INSPECTION PERIOD:
As-is/ where-is
SURVEY:
Purchaser can obtain a new certified survey of the property from a seller approved surveyor, said approval not to unreasonably withheld or delayed, delineating the exact boundary and acreage of the property, which shall be reviewed and approved by seller prior to the end of the inspection period, and if approved, shall be used to replace the attached survey in the purchase agreement. If purchaser does not obtain a survey from a seller approved surveyor, the deed and the computation of the sale price shall be based on seller’s description and total acreage calculation for the property.
CLOSING:
Purchaser shall take possession of the property at closing which will be held within 30 days of the effective date of the agreement.
TAXES:
Real Property Taxes will be prorated as of the date of closing.
CLOSING COSTS:
Purchaser shall pay for title policy and costs incurred due to purchaser inspection period and/or financing.
BROKERAGE:
Dempsey Auction Co. is acting as Seller’s agent and will be paid a commission by the seller. No other real estate commissions or brokers are involved with this offer.
SUBJECT TO:
Seller’s approval.
PURCHASE AGREEMENT: Prior to the receipt of a mutually acceptable and fully executed purchase agreement, this letter of intent should not be construed as a binding offer by either party to sell or purchase the above referenced property at a specific price or under specific terms and conditions. This letter of intent is an attempt to set out terms which may be acceptable to both parties, in an effort to facilitate the preparation of a formal purchase agreement for review and consideration. Should the foregoing terms and conditions be acceptable, please acknowledge in the space provided below, with the understanding that a formal purchase agreement shall be drafted by counsel and delivered to purchaser for review.
Acknowledged and accepted on this The _________ day of __________, 2010.
Acknowledged and accepted on this The _________ day of __________, 2010.
PURCHASER:
SELLER:
BY:______________________________
BY:______________________________
TITLE:____________________________
TITLE:____________________________
VIA FASCIMALE & EMAIL Mr. Gaines Dempsey Phone : (706) 346-4533 Email : [email protected] Acting as : Seller’s Agent & Principal RE:
Letter of intent to Purchase approximately 45 Acres in Floyd County, GA .
This non-binding letter of intent shall serve as a offer of interest on behalf of ________________ in acquiring the above referenced property under the following terms and conditions: PURCHASER:
Name: Address: Phone: Cell Phone: Email:
SELLER:
Lynn Dempsey & Gaines Dempsey
PROPERTY:
44.661 Acres according to a plat by Horne & Associates dated 9/6/2007. Said plat attached and made a part hereof by reference.
PURCHASE PRICE:
$______________________
EARNEST MONEY:
As earnest money deposit, purchaser shall deliver the sum of $___________ to Dempsey Auction Co. to be placed in their escrow account until closing.
INSPECTION PERIOD:
As-is/ where-is
SURVEY:
Purchaser can obtain a new certified survey of the property from a seller approved surveyor, said approval not to unreasonably withheld or delayed, delineating the exact boundary and acreage of the property, which shall be reviewed and approved by seller prior to the end of the inspection period, and if approved, shall be used to replace the attached survey in the purchase agreement. If purchaser does not obtain a survey from a seller approved surveyor, the deed and the computation of the sale price shall be based on seller’s description and total acreage calculation for the property.
CLOSING:
Purchaser shall take possession of the property at closing which will be held within 30 days of the effective date of the agreement.
TAXES:
Real Property Taxes will be prorated as of the date of closing.
CLOSING COSTS:
Purchaser shall pay for title policy and costs incurred due to purchaser inspection period and/or financing.
BROKERAGE:
Dempsey Auction Co. is acting as Seller’s agent and will be paid a commission by the seller. No other real estate commissions or brokers are involved with this offer.
SUBJECT TO:
Seller’s approval.
PURCHASE AGREEMENT: Prior to the receipt of a mutually acceptable and fully executed purchase agreement, this letter of intent should not be construed as a binding offer by either party to sell or purchase the above referenced property at a specific price or under specific terms and conditions. This letter of intent is an attempt to set out terms which may be acceptable to both parties, in an effort to facilitate the preparation of a formal purchase agreement for review and consideration. Should the foregoing terms and conditions be acceptable, please acknowledge in the space provided below, with the understanding that a formal purchase agreement shall be drafted by counsel and delivered to purchaser for review.
Acknowledged and accepted on this The _________ day of __________, 2010.
Acknowledged and accepted on this The _________ day of __________, 2010.
PURCHASER:
SELLER:
BY:______________________________
BY:______________________________
TITLE:____________________________
TITLE:____________________________
