Posey County Contract for the Sale of Real Estate Form (Indiana)

The following Indiana and Posey County supplemental forms are included as a courtesy with your order:

When using these Contract for the Sale of Real Estate forms, the subject real estate must be physically located in Posey County. The executed documents should then be recorded in the following office:

Local jurisdictions located in Posey County include:

• Cynthiana
• Griffin
• Mount Vernon
• New Harmony
• Poseyville
• Wadesville

Use this Contract to purchase a property without installment payments, Seller agrees to sell and Buyer agrees to buy the property through a Title Company.
Benefits of Using a Title Company:
Security: The use of an escrow service provides security to both parties, ensuring that funds are only released when all conditions are satisfied.

Efficiency: Title companies specialize in handling real estate transactions, which can streamline the process and reduce the chances of errors or delays.

Legal Compliance: Title companies ensure that the transaction complies with all applicable laws and regulations, which is particularly important in complex transactions.

Listed Below: Brief description of Headings

CONTRACT FOR SALE OF REAL ESTATE
This Contract for Sale is made on between
with an address at referred to as the "Seller/Grantor,"
AND
with an address at referred to as the "Buyer/Grantee."
The words "Seller and Buyer" include all Buyers and all Sellers listed above.

1. PURCHASE AGREEMENT. The Seller agrees to sell and the Buyer agrees to buy:

2. PROPERTY. The Property consists of: Further described as:

3. PURCHASE PRICE. The Purchase Price is $

4. PAYMENT OF PURCHASE PRICE. The Buyer will pay the purchase price as follows:
Upon signing of this Contract, a deposit of $ is to be paid by Buyer into the escrow account of Buyer's Title Company, to be applied to the Purchase Price at Closing. Balance to be paid at closing of title, in cash or by certified or bank cashier's check or attorney's trust account check, in the amount of $

5. TIME AND PLACE OF CLOSING. The closing shall take place on or before XX/YY/20XX The closing shall occur sooner at the discretion of the Buyer upon reasonable notice to Seller.

6. TRANSFER OF OWNERSHIP.

7. CLOSING DOCUMENTS. Seller shall give Buyer a properly executed deed and an adequate affidavit of title and will provide Buy

8. PHYSICAL CONDITION OF THE PROPERTY AND INSPECTION.

9. RISK OF LOSS. The Seller is responsible for any damage to the Property, except for normal wear and tear, until the closing.

10. POSSESSION: At closing, Seller shall give the Buyer possession of the Property..

11. COMPLETE AGREEMENT. This Contract is the entire and only agreement between the Buyer and the Seller.

12. PARTIES LIABLE. This Contract is binding upon all parties who sign it and all who succeed to their rights and responsibilities.

13. ASSIGNMENT. Buyer may assign this Agreement without limitation.

14. SPECIAL PROVISIONS: Add anything unique to your situation.

15. BINDING ON SUCCESSORS. This Contract is binding upon all parties who sign it and all who succeed to their rights and responsibilities.

16. NOTICES. All notices under this Contract must be in writing.

17. GOVERNING LAW AND SEVERABILITY. This Contract shall be governed by the laws of the State of Indiana. If any part of this Agreement is deemed unenforceable, that part of the Agreement shall be stricken or modified so that the resulting Agreement will remain enforceable within the intent closest to that of the original Contract, to the extent allowable by law.

18. BUYER'S ACCEPTANCE of the Deed at settlement shall be deemed full performance of the Contract

19. REALTORS COMMISSIONS: there are / there are NOT - realtor commissions involved in this transaction. In the amount of $ (if applicable)

20. ALL PARTIES affirm that they have read, understand and agree to the terms of this Contract.

For use in Indiana only.

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