RESIDENTIAL CONTRACT FOR SALE
AND PURCHASE
Sample contract for illustration only
1. PARTIES: Jordan Lee ("Seller") and
Alex Rivera ("Buyer") agree that Seller
will sell and Buyer will buy the property
described below.
Address: 123 Sample St, Tampa FL
County: Hillsborough
2. PURCHASE PRICE ................. $425,000
(a) Deposit held in escrow ...... $10,000
(b) Balance due at closing ..... $415,000
3. TIME FOR ACCEPTANCE: This offer is
withdrawn unless both parties sign and
deliver it by Oct 2, 2026. The date of
the last signature is the Effective Date.
4. ESCROW AGENT: Sample Title Co. holds the
deposit until closing.
Buyer's initialsARPage 1 of 12Seller's initialsJL
11. FINANCING: Buyer's duty to close depends
on written loan approval within 30 days
after Effective Date ("Loan Approval
Period"). Buyer will apply within 5 days
and use diligent effort to obtain it.
12. CLOSING DATE: This sale will close and
closing documents will be delivered on
Nov 14, 2026 ("Closing Date"), unless
extended by another term of this
contract.
13. EXTENSION: If a lender's disclosure rules
delay closing, the Closing Date extends
by up to 7 days.
14. OCCUPANCY: Seller will deliver the keys
and occupancy at closing.
15. CLOSING COSTS: Seller pays the owner's
title policy and deed stamps. Buyer pays
loan costs and recording fees.
Buyer's initialsARPage 4 of 12Seller's initialsJL
18. INSPECTION PERIOD: Buyer may have the
property inspected at Buyer's expense.
Inspection Period ends Oct 21, 2026.
If Buyer finds the property unacceptable,
Buyer may cancel by written notice
before the Inspection Period ends.
19. WALK-THROUGH: Buyer may walk through the
property within 5 days before closing
to confirm its condition.
20. RISK OF LOSS: If the property is damaged
before closing, Seller will repair it or
Buyer may cancel and receive the deposit
back.
21. NOTICES: Notices must be in writing and
delivered to the parties or their agents.
22. SURVIVAL: Terms meant to last past
closing survive it.
Buyer's initialsARPage 7 of 12Seller's initialsJL