TO BE DECIDED ON FAIRA PLATFORM PHONE TO BE DECIDED ON FAIRA PLATFORM

Transcription

1 PURCHASE & SALE AGREEMENT(PREVIEW) Buyer(s) Name: TO BE DECIDED ON FAIRA PLATFORM ADDRESS TO BE DECIDED ON FAIRA PLATFORM ` TO BE DECIDED ON FAIRA PLATFORM ADDRESS TO BE DECIDED ON FAIRA PLATFORM Selling Agent: TO BE DECIDED ON FAIRA PLATFORM FIRM TO BE DECIDED ON FAIRA PLATFORM Seller(s) Name: Kanwar Gill ADDRESS ON FILE ON FILE PHONE ON FILE Shubchintan Gill ADDRESS ON FILE ON FILE PHONE ON FILE Property Address: Northup Way, Bellevue, WA Tax Parcel ID: Property Legal Description: LOT A BELLEVUE SP # REC # SD SP DAF POR OF E 1/2 OF SE 1/4 OF NE ¼ SEC LY SLY OF NORTHRUP REV RD # BEG NXN OF W LN SD SUBD WITH SWLY MGN SD RD # 1431 TH S E ALG SD SWLY MGN 47FT TO TPOB TH S E ALG SD SWLY MGN FT TH S W FT M/L TO S LN SD SUBD TH N W ALG SD S LN FT M/L TO SW COR SD SUBD TH N ALG W LN SD SUBD FT M/L TAP 152FT SLY AS MEAS ALG SD W LN FR SWLY MGN SD RD # 1431 TH NELY FT M/L TO TPOB Included Items: Microwave, dishwasher, refrigerator, disposal, stove, oven, washer and dryer. Purchase Price: TO BE DECIDED ON FAIRA PLATFORM The Closing : WITIHIN 30 DAYS AFTER OFFER APPROVAL ON FAIRA PLATFORM

2 Title: The title shall be free of liens, encumbrances or defects, except those easements, covenants, conditions or restrictions appearing of record. Title shall be conveyed by Statuary Warranty Deed. Title Insurance: Seller(s) shall provide Buyer(s) a standard form purchaser s policy of title insurance from First American. Escrow: First American is the escrow agent. Buyer(s) and Seller(s) will each pay half of the escrow fee. Other Closing Costs: Seller(s) shall pay the utilities, property taxes, and home owner association dues (if any), until the date of closing. Seller(s) also pay the government excise taxes. Buyer(s) pay the utilities, property taxes, and home owner association dues arising after the date of closing. Buyer(s) assume any charges and assessments due after closing. Buyer(s) pay the recording fee for the Deed. Sellers Disclosure: Buyer(s) acknowledged that Buyer(s) have received the residential real property disclosure form, Lead Paint Disclosure form for homes built prior to Buyer(s) Right: Buyer(s) can terminate the Agreement anytime. Buyer(s) can extend the Closing one time, for another 30 days, by paying $100/day to the Seller. The fee paid to the seller for extending the contract is in addition to the Purchase Price and must be paid in advance. The fee paid for any extension day, which is not utilized, will be credited towards the Purchase Price. Sellers Warranties: Seller(s) warrants that he, she, they or it has the right and ability to sell and transfer title and possession of the subject property. Seller(s) also agree to cooperate with the Buyer(s) to complete the transaction, by, for example, providing reasonable access to the property as needed by various state certified appraisers and inspectors with 48 hours notice, timely signing all the documents necessary to close the transaction as required by the escrow/title company. Seller(s) further warrant that the Seller(s) remain obligated to this Agreement, as long as Buyer(s) name, purchase price, closing dates, any extension are decided on Faira platform, consistent with the minimum price and the latest dates communicated by the Seller(s) on the Faira platform. Faira is not a party to the Agreement. Buyers Warranties: Buyer(s) warrant that they have the financial and legal ability to complete this transaction. Time is Critical: Time is of the essence of this Agreement and of every term and provision. Notices: Notices to either party must be in writing and delivered either personally, by , or 1 st class mail addressed to the party at the address above. Attorney Fees: In the event it shall be necessary for either party to engage an attorney to enforce this Agreement, the prevailing party shall be entitled to recover reasonable attorney fees and costs.

3 Complete Agreement: This Agreement contains the full and complete understanding of the parties. It supersedes and cancels all prior negotiations and agreements. No oral modifications or amendments to this Agreement is effective unless in writing and signed by all parties. Governing Law: This Agreement shall be construed in accordance with the laws of the state of Washington. Any legal action arising out of this Agreement shall be brought exclusively in the Superior Court of the county in which the real property, or any part of it, is located. Indemnification: Buyer(s) and Seller(s) are advised to consult with a real estate attorney. Neither Our Street Corp, a Washington corporation doing business as Faira, nor its employees, contractors, or agents are parties to the purchase and sale agreement that is the subject of this Agreement. Buyer(s) and Seller(s) acknowledge that Faira is not a real-estate agent and did not provide any real-estate advice to either party. Faira provided the online platform to facilitate the purchase and sale agreement to which Buyer(s) and Seller(s) are parties. SIGNATURE PAGES TO FOLLOW

4 Buyer s Signature Page TO BE DECIDED ON FAIRA PLATFORM TO BE DECIDED ON FAIRA PLATFORM

5 Seller s Signature Page SIGNATURE ON FILE Kanwar Gill SIGNATURE ON FILE Shubchintan Gill