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SALES AGREEMENT FOR SUMMIT VIEW ESTATE

1. DEFINITIONS

1.1. Purchase

“Purchase” refers to the acquisition of Summit View Estate by the Buyer from the Seller, as set forth in this Sales Agreement.

1.2. Summit View Estate

“Summit View Estate” refers to the real property and all related improvements and fixtures located at [Insert Address], as legally described in Exhibit A, attached hereto.

1.3. Parties

“Parties” refers to the Buyer and Seller, who are the signatories to this Sales Agreement.

2. PURCHASE PRICE

The purchase price for Summit View Estate shall be $____________ (“Purchase Price”), which shall be paid by the Buyer to the Seller in the manner described within Section 3 (Payment Terms).

3. PAYMENT TERMS

3.1. Down Payment

Upon execution of this Sales Agreement, the Buyer shall make a down payment to the Seller in the amount of $____________ (“Down Payment”). The Down Payment shall be applied toward the Purchase Price.

3.2. Financing

The Buyer shall obtain financing from a financial institution to cover the remaining balance of the Purchase Price. The Buyer shall provide the Seller with evidence of the Buyer’s ability to obtain financing within [Insert Number of Days] days from the execution of this Sales Agreement.

3.3. Closing Costs

Buyer and Seller shall each be responsible for their respective closing costs, including, but not limited to, appraisal fees, title fees, escrow fees, and attorney fees, as customarily allocated between a buyer and seller in the jurisdiction in which Summit View Estate is located.

3.4. Remaining Balance

The remaining balance of the Purchase Price, after deducting the Down Payment and any applicable financing, shall be paid by the Buyer to the Seller at the Closing (as defined below).

4. DELIVERY

4.1. Delivery of Deed

Upon receipt of the full Purchase Price, the Seller shall deliver to the Buyer a duly executed and acknowledged warranty deed conveying Summit View Estate, free and clear of any liens, encumbrances, and easements, except as otherwise provided for in this Sales Agreement.

4.2. Possession

Possession of Summit View Estate shall be delivered to the Buyer on the Closing Date, subject to the rights of any tenants in possession.

5. CLOSING

5.1. Closing Date

The closing of the Purchase (“Closing”) shall occur on or before [Insert Date], or as soon as practicable thereafter as agreed upon in writing by the Parties (the “Closing Date”).

5.2. Closing Location

The Closing shall take place at the offices of [Insert Escrow Agent or Attorney], or at a mutually agreed upon location in the same jurisdiction as Summit View Estate.

6. REPRESENTATIONS AND WARRANTIES

6.1. Seller Representations and Warranties

The Seller hereby represents and warrants to the Buyer as of the Closing Date that:

(a) The Seller has full legal right, power, and authority to enter into and perform this Sales Agreement;

(b) Summit View Estate is free and clear of all liens, encumbrances, and easements except as otherwise expressly provided for in this Sales Agreement;

(c) To the best of the Seller’s knowledge, there are no pending or threatened legal actions or claims that could adversely affect Summit View Estate or the Seller’s ability to perform under this Sales Agreement;

(d) All structures and improvements on Summit View Estate are in good repair and working order and are in compliance with all applicable building codes, ordinances, and regulations;

(e) To the best of the Seller’s knowledge, there are no hazardous substances or environmental conditions affecting Summit View Estate that could give rise to liability under any applicable laws.

6.2. Buyer Representations and Warranties

The Buyer hereby represents and warrants to the Seller as of the Closing Date that the Buyer has full legal right, power, and authority to enter into and perform this Sales Agreement.

7. WARRANTIES

7.1. As-Is Condition

Except as expressly provided in Section 6 (Representations and Warranties) above, the Seller sells and conveys Summit View Estate to the Buyer “AS-IS, WHERE-IS,” without any warranties, express or implied, including, but not limited to, warranties of title, habitability, fitness for a particular purpose, or any other warranties required by law.

8. GOVERNING LAW AND DISPUTE RESOLUTION

8.1. Governing Law

This Sales Agreement shall be governed by and construed in accordance with the laws of the United States and the laws of the state in which Summit View Estate is located.

8.2. Dispute Resolution

In the event of any dispute arising out of, or in connection with, this Sales Agreement, the Parties shall first attempt to resolve the dispute in good faith through direct negotiations. If the dispute cannot be resolved through negotiations, the Parties agree to submit the dispute to binding arbitration in accordance with the rules of the American Arbitration Association, with judgment upon the award rendered by the arbitrator(s) to be entered in any court having jurisdiction thereof.

9. NOTICES

All notices, requests, and other communications required or permitted under this Sales Agreement shall be in writing and shall be deemed to have been duly given, made, and received when delivered in person, transmitted by facsimile or email, or three (3) days after being deposited in the United States mail, postage prepaid, registered or certified mail, addressed to the respective Parties at the addresses set forth below or at such other addresses as the Parties may designate by written notice to the other Party:

Seller:

[Insert Name and Address of Seller]

Buyer:

[Insert Name and Address of Buyer]

10. MISCELLANEOUS

10.1. Entire Agreement

This Sales Agreement constitutes the entire agreement between the Parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, whether written or oral, between the Parties with respect to such subject matter.

10.2. Amendment

This Sales Agreement may be amended or modified only by a written instrument executed by the Parties hereto.

10.3. Waiver

Any waiver by either Party of any provision of this Sales Agreement shall not imply a subsequent waiver of that provision or any other provision of this Sales Agreement.

10.4. Binding Effect and Assignment

This Sales Agreement shall be binding upon and inure to the benefit of the Parties and their respective heirs, executors, administrators, successors, and permitted assigns. No Party may assign his or her rights or obligations under this Sales Agreement without the prior written consent of the other Party.

10.5. Counterparts

This Sales Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same Sales Agreement.

IN WITNESS WHEREOF, each of the Parties hereto has executed this Sales Agreement, in duplicate, as of the date first above written.

SELLER: BUYER:

__________________________ __________________________
[Insert Seller’s Name(Print)] [Insert Buyer’s Name(Print)]

__________________________ __________________________
[Insert Seller’s Signature] [Insert Buyer’s Signature]