Real Estate Proposal Template
Mr. [LAST NAME]
[CITY STATE ZIP]
RE: Property at [ADDRESS]
This letter constitutes our offer to purchase the real estate property specified above (the “Property”) from you (the “Seller”) on the following terms:
TOTAL PURCHASE PRICE: [$]
REFUNDABLE DEPOSIT: [$]
PandaTip: Will there be a non-refundable deposit as well? If so, you may opt to include that information as well.
CLOSING DATE: Prior to [DATE]
PandaTip: What are the things that must be done in order for this real estate proposal to stand and remain valid?
None of the terms contained herein shall be binding on the parties until execution of a Purchase and Sale Agreement for the Property.
At closing, Buyer shall pay the cost of the following:
PandaTip: We have provided some examples of costs Buyer may pay, but every transaction is different. As such, feel free to customize the sample language provided in this real estate template as appropriate.
- costs of recording the Deed(s)
- any reimbursement on the current year prorated taxes of Seller calculated from the closing date to the end of the current year
- Buyer’s reasonable attorney’s fees
- Escrow and closing fees, if any.
All costs other than those listed above shall be borne by the Seller.
Buyer extends this real estate proposal to purchase the Property with the understanding that it may rescind or otherwise terminate this offer and any negotiations at any time.
Buyer accepts Seller’s terms as communicated in [DESCRIBE] unless otherwise modified by this offer.