Navigat ing t he Home Purchase Process
Except i onal Ser vi ce from St ar t t o Close
Ou r c o m m i t m en t h as al w ay s b een t o c u r at e an exc ep t i o n al ex p er i en c e
f o r o u r c l i en t s ? o n e t h at i s c h ar ac t er i zed b y exc el l en c e, i n t eg r i t y, an d
p r o f essi o n al i sm Wh et h er yo u ar e em b ar k i n g o n yo u r f i r st h o m e
p u r c h ase, t r an si t i o n i n g f r o m an o t h er r eg i o n o r c o u n t r y, ex p l o r i n g r eal
est at e o p t i o n s, o r seek i n g o u t - o f - st at e o p p o r t u n i t i es, i t i s essen t i al t o
al i g n yo u r sel f w i t h ex p er t s Ou r t eam o f ex p er i en c ed Real Est at e Agen t s
u n d er st an d s yo u r u n i q u e r eq u i r em en t s. We p o ssess an i n - d ep t h g r asp
o f o u r l o c al m ar k et s, f o r t i f i ed b y an ex t en si ve g l o b al n et w o r k , an d ar e
c o m m i t t ed t o p r ov i d i n g o u r c l i en t s w i t h c o m p r eh en si ve ad v i c e an d
st r at eg y. Gi b so n So t h eb y ' s In t er n at i o n al Real t y h as p r ep ar ed t h i s B u yer
Gu i d e t o p r ov i d e yo u w i t h a k een u n d er st an d i n g o f t h e c r u c i al
c o m p o n en t s an d c h o i c es avai l ab l e t o b u yer s d u r i n g t h e p u r c h asi n g
p r o c ess Ou r p u r p o se i s t o i n f o r m an d g u i d e yo u t h r o u g h eac h p h ase o f t h i s j o u r n ey.
The Buyer Process
Fr o m i n i t i al m eet i n gs t o t h e f i n al c l o si n g , b el ow i s an over vi ew o f w h at t o ex p ec t t h r o u g h o u t t h e h o m e
b u y i n g p r o c ess
1
GET PRE-A PPROV ED
- M eet w i t h a l en d er
- Pr ep ar e y o u r c r ed i t
- Set a b u d get
7
I N S PECT I ON S
- Pr o f ess i o n al i n s p ec t s
t h e p r o p er t y
- Di sc over s i ss u es t h at m ay n eed t o b e w o r k ed
i n t o t h e p u r c h ase
ag r eem en t
- N ego t i at e r ep ai r s
2
RETA I N YOUR AGEN T
- Si g n B u y er
Rep r esen t at i o n
A g r eem en t
- Di sc u ss b u d get
- Resear c h ar ea
n ei g h b o r h o o d s
- Set w an t s & n eed s
8
A PPRA I SA L
- Pr o f ess i o n al en s u r es t h e
p r o p er t y i s w o r t h t h e l o an
an d p u r c h ase p r i c e y o u
ag r eed t o p ay
3
FI N D YOUR H OM E
- To u r h o m es
- Ad j u st c r i t er i a i f n ec essar y
9
D OCUM EN TS TO L EN D ER
- M ak e s u r e al l r eq u est ed d o c s ar e
sen t t o y o u r l en d er
p r i o r t o c l o s i n g
M A K E A N OFFER
- Resear c h c o m p s
i n t h e ar ea
- Wo r k w i t h y o u r
agen t t o set u p t h e
b est o f f er
- N ego t i at i o n s m ay o c c u r
OFFER S I GN ED
- A l l n ego t i at i o n s ar e f i n i s h ed
- B o t h p ar t i es h ave
s i g n ed c o n t r ac t
CLOS I N G
- Fi n al w al k - t h r o u g h
- Si g n c l o s i n g d o c u m en t s
- Rec ei ve y o u r k ey s 6 AT TORN EY
- Sen d o f f er d o c u m en t s t o at t o r n ey
Your Tr ust ed Real
Est at e Agent
B u y i n g a h o m e i s t y p i c al l y o n e o f t h e l ar gest i n vest m en t s yo u w i l l m ak e an d w i l l h ave a l ast i n g
i m p ac t f o r year s t o c o m e. Ou r t eam o f t r u st ed Real Est at e Agen t s w i l l ex p er t l y g u i d e yo u
t h r o u g h t h e m an y i n t r i c ac i es o f b u y i n g a h o m e an d h el p yo u t o avo i d c o st l y m i st ak es
Lev e r a g e t h e S o t h e b y ' s I n t e r n a t i o n a l Re a l t y ® B r a n d
So t h eb y ' s In t er n at i o n al Real t y ® i s a g l o b al l y r ec o g n i zed b r an d t h at l en d s c r ed i b i l i t y t o yo u r
o f f er s an d el evat es yo u r r ep r esen t at i o n Ou r su c c ess i s d ef i n ed b y o u r d eep c o m m i t m en t t o
o u r c l i en t s Th i s t r u st h as b een b u i l t over 2 70 year s o f Sot heby's sel l i n g t h ei r c l i en t s' m o st
val u ab l e t r easu r es.
N av i g a t i n g t h e H o m e Pu r c h a s e Pr o c es s
H av i n g an ex p er i en c ed p r o f essi o n al i n yo u r c o r n er o f f er s a c o m p et i t i ve ad van t age w h en sear c h i n g f o r yo u r h o m e an d ac c essi n g l o c al r eso u r c es. A Real Est at e Agen t ?s b r o ad p er sp ec t i ve
c an p r ov i d e a st ab i l i zi n g f o r c e t o assi st yo u t h r o u g h w h at c an b e a c h al l en g i n g , b u t u l t i m at el y
r ew ar d i n g , p r o c ess.
Benefi t s of Exclusive Buyer Represent
at i on
Yo u r Gi b so n So t h eb y ' s In t er n at i o n al Real t y Agen t w i l l p r ep ar e a c o n t r ac t o u t l i n i n g o u r
ser v i c es so w e c an c o m m i t t o assi st i n g yo u w i t h yo u r h o m e p u r c h ase t r an sac t i o n As yo u r
exc l u si ve b u yer r ep r esen t at i ve, w e w i l l g u i d e yo u t h r o u g h t h e h o m e p u r c h ase ex p er i en c e f r o m st ar t t o c l o se. B el ow i s an over v i ew o f h ow w e d em o n st r at e val u e an d c o n t r i b u t e t o a su c c essf u l p u r c h ase
- Pr ov i d e an over v i ew o f t h e c u r r en t m ar k et d y n am i c s an d c h al l en ges
- Cr eat e a p u r c h ase st r at eg y
- Assi st w i t h p r o c u r i n g f i n an c i n g b y r ef er r i n g yo u t o l en d er s w i t h a su c c essf u l t r ac k r ec o r d
- Eval u at e p u r c h ase p r i c e r an ge
- Set u p l i st i n g al er t s w i t h M LS o r Real Sc o u t
- Sc h ed u l e p r o p er t y t o u r s, b o t h p r i vat el y an d o p en h o u ses
- Pr ov i d e ac c ess t o Of f - M ar k et , Co m i n g So o n an d Of f i c e Exc l u si ves, as avai l ab l e
- Rev i ew d i sc l o su r es an d r ep o r t s o n sel ec t ed h o m es
- Eval u at e an d n ego t i at e t h e o f f er
- Rec o m m en d ven d o r s f o r i n sp ec t i o n s In M assac h u set t s, a Real Est at e Agen t c an o n l y p r ov i d e a l i c en sed h o m e i n sp ec t o r r ef er r al i f t h e agen t exc l u si vel y r ep r esen t s t h e B u yer
- Rec o m m en d a Cl o si n g At t o r n ey
Under st andi ng Buyer
Represent at i on
Gi b so n So t h eb y ' s In t er n at i o n al Real t y agen t s w i l l p r ov i d e yo u w i t h a B u yer Agen c y Ag r eem en t
t h at w i l l ex p l ai n i n d et ai l t h e r o l e o f yo u r B u yer Agen t . A B u yer Agen c y Ag r eem en t w i l l b e si g n ed
b y t h e p u r c h aser an d t h e B r o k er i n o r d er f o r t h e Agen t t o r ep r esen t t h e p u r c h aser o n t h e
b u yer - si d e o f a t r an sac t i o n A B u yer Agen t r ep r esen t s o n l y t h e B u yer an d p r o m o t es an d
p r o t ec t s t h ei r b est i n t er est s t h r o u g h o u t t h e t r an sac t i o n , k eep i n g al l i n f o r m at i o n c o n f i d en t i al .
On c e an ag r eem en t i s si g n ed , t h e B u yer Agen t ow es a f i d u c i ar y d u t y t o r ep r esen t t h e b est
i n t er est s o f t h e B u yer t h r o u g h o u t t h e p u r c h ase p r o c ess; i n c l u d i n g o b ed i en c e, l oyal t y,
d i sc l o su r e, c o n f i d en t i al i t y, ac c o u n t i n g , an d r easo n ab l e c ar e In r ar e c i r c u m st an c es, Du al
Agen c y o c c u r s, m ean i n g yo u r B u yer Agen t m ay h ave a p r e- ex i st i n g r el at i o n sh i p w i t h a Sel l er.
Th at b ei n g sai d , b o t h t h e B u yer an d Sel l er m u st c o n sen t an d p r ov i d e w r i t t en au t h o r i t y f o r t h e
Agen t t o en gage i n Du al Agen c y Th i s p r o c ess w i l l b e ex p l ai n ed t o yo u f u r t h er i n yo u r i n i t i al
B u yer Co n su l t at i o n .
About Brokerage
Compensat i on
Si m i l ar t o a Li st i n g Ag r eem en t , B u yer s exec u t e an Agen c y Ag r eem en t f o r p r o f essi o n al ser v i c es an d r ep r esen t at i o n b et w een t h em sel ves an d Gi b so n So t h eb y ' s In t er n at i o n al Real t y Th i s c o n f i r m s t h e c o m p en sat i o n f o r t h e B u yer ' s Agen t an d B r o k er age It sh o u l d b e n o t ed t h at t h e am o u n t a b r o k er age c h ar ges i s n o t f i xed b y l aw, t h e c o m m i ssi o n am o u n t i s n ego t i ab l e, an d b r o k er ages m ay set m i n i m u m c o m p en sat i o n
$32,574,400+
2023 Year i n Revi ew 2020, 2021, 2022 & 2023 Bost on Magazi ne?s Top Producer Li st
$1,608,833+
Compar at i ve Mar ket Anal ysi s
About Anni e Bauman
Kn ow n as a f ai t h f u l ad vi so r, t i r el ess ad vo c at e, f ear l ess n ego t i at o r an d c o n st an t p r o f essi o n al , An n i e em b r ac es an d d el i g h t s i n t h e d y n am i c n at u r e o f h er c ar eer Sh e p ar t n er s w i t h h er c l i en t s t o m ap a p at h way t o su c c ess, al way s sen si t i ve t o eac h c l i en t ?s u n i q u e c i r c u m st an c es an d r easo n s b eh i n d t h ei r d ec i si o n t o b u y o r sel l a h o m e
Wh et h er f i r st t i m e h o m e b u yer s, i n vest o r s, d ow n si zer s o r r el o c at i o n c l i en t s, An n i e c at er s t o a w i d e var i et y o f c l i en t s Wi t h sk i l l an d sen si t i vi t y, sh e c an d evel o p an ac t i o n p l an an d go t o m ar k et st r at eg y f o r a f am i l y ?s est at e o r h el p a yo u n g b u yer w i n i n a h y p er c o m p et i t i ve m ar k et . A st u d en t o f t h e m ar k et , sh e i s t h e ?b o o t s o n t h e g r o u n d ? ex p er t t h at c l i en t s r el y o n t o m ak e so u n d d ec i si o n s ab o u t t h ei r m o st i m p o r t an t asset , t h ei r h o m e
N am ed o n e o f B o st o n M agazi n e?s TOP PRODUCERS i n 2 0 2 0 , 2 0 2 1, 2 0 2 2 , an d 2 0 2 3 an d i n c l u d ed i n Real Tr en d s Am er i c a?s B est Li st , 2 0 2 1- 2 0 2 3, An n i e i s r ec o g n i zed as a sal es l ead er i n Dover an d su r r o u n d i n g M et r owest t ow n s Sh e i s a g r ad u at e o f ?st o p sel l i n g , st ar t ser vi n g ? N i n j a Sal es Ac ad em y In ad d i t i o n , An n i e p ar t i c i p at es i n So t h eb y ?s n at i o n al n et wo r k i n g c o n f er en c es t o ex p an d h er c o n t ac t s i n B o st o n f eed er m ar k et s an d c o n n ec t h er c l i en t s t o exc ep t i o n al agen t s w h en b u y i n g o u t o f st at e In 2 0 2 2 , An n i e f o u n d ed Th e B au m an Gr o u p i n o r d er t o m eet g r ow i n g c l i en t d em an d an d m ai n t ai n t h e h i g h est l evel o f ser vi c e
Wi f e o f 2 0 + year s t o h u sb an d Kevi n an d M o m t o Sam ( 2 0 ) , Au d r ey ( 2 0 ) , Ru t h i e ( 15 ) , an d p o o c h M o n t y An n i e i s a l o n g t i m e b o o k c l u b m em b er an d avi d r ead er Do u b l es t en n i s i s h er go - t o st r ess r el i ever Sh e l oves t o c o o k an d l oves t o t r ad e r ec i p es an d b o o k r ec s w i t h f r i en d s.
REALTOR®
6 17 5 10 4 9 9 4 | An n i e B au m an @Gi b so n SIR c o m | g r o u p b au m an c o m
9 3 6 Gr eat Pl ai n Aven u e, N eed h am , M A 0 24 9 2
About
Jul i e Newman
Ju l i e N ew m an ad o p t s a p er so n al i zed ap p r o ac h t o r eal est at e, f i r m l y b el i evi n g t h at st r o n g r el at i o n sh i p s ar e t h e c o r n er st o n e o f su c c essf u l t r an sac t i o n s Wi t h a c o m m i t m en t t o i n t eg r i t y, d i sc r et i o n , an d u n waver i n g d ed i c at i o n , sh e g u i d es h er c l i en t s t h r o u g h ever y st ep o f t h e b u y i n g an d sel l i n g p r o c ess, st r i vi n g t o t u r n t h ei r r eal est at e d r eam s i n t o r eal i t y.
As a sp ec i al i st i n t h e B o st o n su b u r b s, Ju l i e p o ssesses an i n - d ep t h k n ow l ed ge o f t h e M et r owest ar ea an d al l i t h as t o o f f er. H er i n si g h t s i n t o l o c al m ar k et s an d c o m m u n i t i es al l ow h er t o p r ovi d e c l i en t s w i t h val u ab l e i n f o r m at i o n an d su p p o r t
Ju l i e g r ew u p i n Way l an d , M assac h u set t s, an d g r ad u at ed f r o m B o st o n Co l l ege, w h er e sh e was a m em b er o f t h e Di vi si o n I l ac r o sse t eam Si n c e 2 0 16 , sh e h as r esi d ed i n Wel l esl ey w i t h h er f am i l y, w h er e h er c h i l d r en h ave t h r i ved i n Wel l esl ey Pu b l i c Sc h o o l s, N ew t o n Co u n t r y Day, an d N o b l e an d Gr een o u g h Sc h o o l An ac t i ve vo l u n t eer, Ju l i e su p p o r t s var i o u s l o c al n o n p r o f i t s, i n c l u d i n g t h e Pan - M ass Ch al l en ge an d Sh u l t z?s Gu est H o u se.
Wh en sh e?s n o t i m m er sed i n r eal est at e, Ju l i e en j oy s p l ay i n g t en n i s, r ead i n g , an d c h eer i n g o n h er c h i l d r en i n t h ei r sp o r t s an d p er f o r m an c es. Ab ove al l , sh e c h er i sh es t h e m o m en t s sp en t wal k i n g h er d o gs N o r m an an d Lo l a, al o n gsi d e h er h u sb an d Ad am an d t wo d au g h t er s Ava an d So p h i a
Sal es Asso c i at e
6 17 571 16 19 | Ju l i e N ew m an @Gi b so n SIR c o m | g r o u p b au m an c o m
ExclusiveBuyerRepresentationAgreement
Buyer’sName:_________________________________________________(herein“Buyer”)
Broker:GibsonSotheby’sInternationalRealty(referredtoas“GibsonSIR”)
Buyer’sAgent:______________________________________________________
BettyGibsonAssociates,Incorporated,doingbusinessasGibsonSotheby’sInternationalRealty(referred toas“GibsonSIR”),theBuyer’sAgentandtheBuyer,inexchangeofmutualpromisesagreeasfollows:
1 PROPERTIES Buyer is retaining Gibson SIR to be the exclusive Broker representing the Buyer in the purchase of real property. The Buyer retains the sole and absolute right to determine if a property is acceptable.
TERM This Agreement shall be in effect from the date of signing through ________________________________________or to completion of the Acquisition of the property, if under agreement, whichever is later (the “Term”). The Buyer’s obligation to pay the compensation will continue for a 90-day period after the expiration of the Term of this Agreement for properties introduced and shown by the Buyer’s Agent during the Term.
3 GIBSON SIR AGREES TO:
● Prepare a wants/needs list for the Buyer.
● Use reasonable efforts to locate properties acceptable to the Buyer through the Multiple Listing Service (MLS) and off MLS.
● Work in the Buyer’s best interest and preserve the Buyer’s confidential information.
● Maintain regular communication with the Buyer throughout the term of the Agreement.
● Attend scheduled showings of properties.
● Provide professional advice and guidance to the Buyer.
● Refer the Buyer to professionals such as lenders, attorneys, home inspectors, etc.
● Assist the Buyer in determining the market value of properties of interest.
● Provide a C Market Analysis for properties the Buyer is considering writing offers for, upon the Buyer’s request.
● Assist the Buyer in negotiating terms and conditions of the offer and home inspection issues, if applicable.
BUYER AGREES TO:
● Work exclusively with Gibson SIR during the Term and to conduct all real estate purchase negotiations through Gibson SIR and the Buyer’s Agent.
● Cooperate with Gibson SIR by providing necessary personal information to evaluate Buyer’s needs and qualifications.
● Notify any other broker that the Buyer is working with Gibson SIR under the terms of this Agreement.
● Within 7 days of the entering into this Agreement and/ or prior to the Offer to Purchase, the Buyer will provide the Buyer’s Agent a pre-approval from a lender if the Buyer is seeking financing
TheBuyerrepresentsthattheBuyerisnotworkingwithanyotherBuyer’sAgent/Brokerunderthe termsofanExclusiveBuyerRepresentationAgreement.
COMPENSATION
The Buyer herein acknowledges to being advised that broker commissions are not set by law and are fully negotiable
Prior to showing a property as a buyer representative, a real estate agent who is a REALTOR® must enter into a written agreement with the buyer defining how the real estate broker will be paid.
● The Buyer agrees to pay Gibson SIR compensation for representation in the amount of %of the gross purchase price of any property purchased during the Term of this Agreement.
● The Buyer’s obligation to pay the compensation will be at the time the Buyer purchases the property and takes title.
● No fee will be due under this Agreement if the Buyer does not purchase a property
● Gibson SIR may not accept Compensation or a fee in excess of the fee agreed in this Agreement.
● A seller or listing agent may offer to pay some, or all of the compensation due to a broker representing a buyer but is under no legal duty to do so.
● The Buyer may, at the Buyer’s option, either (1) seek to have the Compensation paid in whole or in part by the seller in the terms of the offer to purchase and/or (2) pay the Compensation directly to Gibson SIR at closing.
CONSENT TO DESIGNATED AGENCY
A designated agent is a real estate licensee who has been appointed by a broker or salesperson to represent a buyer as a “designated buyer’s agent” or to represent a seller as a “designated seller’s agent.” When a buyer or seller consents to designated agency only that designated agent represents the buyer or seller. Any other agents affiliated with BROKER may represent another party to the transaction and by consenting to designated agency the buyer or seller permits those agents to represent another party. Individuals who are designated agents owe fiduciary duties to their respective clients. You are further advised that: (a) the designated buyer’s agent will represent the BUYER and will owe the BUYER the duties of loyalty, full disclosure, confidentiality, to account for funds, reasonable care and obedience to lawful instruction; (b) all other licensees affiliated with the appointing BROKER will not represent the BUYER nor will they owe the other duties specified in paragraph (a) to that BUYER, and may potentially represent the seller; and (c) if designated agents affiliated with the same broker represent the seller and buyer in a transaction, the appointing broker shall be a dual agent and neutral as to any conflicting interests of the seller and buyer, but will continue to owe the seller and buyer the duties of confidentiality of material information and to account for funds. By signing this agr is authorized to represent me as a Designated Agent. I hereby consent to designated agency If designated agency occurs in a transaction, a notice of designated agency will be given.
DISCLAIMER
Gibson SIR is being retained solely as a real estate broker and not as an attorney, lender, appraiser, surveyor, structural engineer, home inspector or other professional service provider. At the Buyer’s request, the Buyer’s Agent may refer the Buyer to such professionals. It is advised for the Buyer to contact Building Departments to inquire about potential open building permits and you are encouraged to speak with people in the Town or City Hall about other questions you may have about
thecommunity.TheBuyer’sAgentmayworkwithotherbuyersduringtheTermofthisAgreement andwilltreatallbuyerinformationasconfidential.
8. EQUALOPPORTUNITY Thepartiesheretoagreetoabidebyallapplicablefair-housinglaws.
9. MODIFICATIONOFTHISAGREEMENT AnymodificationofthisAgreementmustbein writing,signedanddatedbyallparties.ThisAgreementconstitutestheentireagreementbetweenthe partiesandisacontractsubjecttoMassachusettslaw.Anyprioragreements,whetheroralorwritten, havebeenmergedandincorporatedintothisAgreement.
10. SELLER/LISTINGBROKERTREATMENTOFOFFERS Buyeracknowledgesbeing advisedthatMassachusettslawdoesnotrequiretheSellerorListingBrokertotreattheexistenceof offers,pricetermsorotherconditionsasconfidential.
11. DISPUTES IntheeventthatBuyerandtheGibsonSIRshall,foranyreason,beunabletoresolve adisputearisingfromanyofthetermsofthisAgreement,theneitherpartymaysubmitthematterto bindingarbitrationforthepurposeofresolvingthedispute.
12. OTHERPROVISIONS:____________________________________________________________
This Agreement constitutes a binding Massachusetts Contract. Buyer acknowledges GIBSON SIR’s advice to seek legal counsel relating to any provision of this Agreement if not understood and acknowledges receipt of (a) a copy of this Agreement, (b) a copy of the Massachusetts Mandatory Licensee-Consumer Relationship Disclosure Form, and (c) a brochure entitled “Home Inspector Facts For Consumers.”
Buyer DateBrokerofRecord,LaurenceRideout
Buyer Date
BROKER/SALESPERSONACKNOWLEDGMENTOFDESIGNATEDAGENCY
Iacknowledgeandagreetorepresenttheabovenamedconsumerasadesignatedagentandmysignature belowsignifiesthatIunderstandthedutiesandresponsibilitiesofthatrelationship,andexplainedtothe consumerthatIamatheiragent,togetherwithanyotherlicenseesexpresslyappointedastheir designatedagent;andthattheappointingbrokermaybecomea"dualagent;"andthatnooneelse affiliatedwithmyfirmrepresentsthem.
SignatureofBroker/Salesperson
CONSENT TO DUAL AGENCY
To Be Used if the Buyer is agreeing to the Buyer’s Agent acting as a Dual Agent
Buyer understands and consents that the Broker may work as a Designated Seller’s Agent with a Seller client of the Broker and may therefore have to act as an individual Disclosed Dual Agent in a situation where they simultaneously represent the Buyer and Seller in the same transaction. Dual Agency is the result.
A real estate broker or salesperson may act as a dual agent who represents both prospective buyer and seller with their informed written consent. A dual agent is authorized to assist the buyer and seller in a transaction, but shall be neutral with regard to any conflicting interest of the buyer and seller. Consequently, a dual agent will not have the ability to satisfy fully the duties of loyalty, full disclosure, reasonable care and obedience to lawful instructions, but shall still owe the duty of confidentiality of material information and the duty to account for funds.
Buyers and sellers should understand that material information received from either client that is confidential may not be disclosed by a dual agent, except: (1) if disclosure is expressly authorized; (2) if such disclosure is required by law; (3) if such disclosure is intended to prevent illegal conduct; or (4) if such disclosure is necessary to prosecute a claim against a person represented or to defend a claim against the broker or salesperson. This duty of confidentiality shall continue after termination of the brokerage relationship.
I acknowledge and agree that [insert name of licensee & license #] is (are) authorized to represent both the buyer and Seller as a Dual Agent. I hereby consent to dual agency. In the event dual agency occurs, written notice to both the Seller and the Buyer.
BROKER/SALESPERSON ACKNOWLEDGMENT REGARDING DUAL AGENCY
I acknowledge and agree to represent the above named consumer as a dual agent and my signature below signifies that I understand the duties and responsibilities of that relationship, and explained to the consumer that I am a dual agent and therefore will assist the buyer and the seller in the transaction, but shall be neutral with regard to any conflicting interest of the buyer and seller. In the event dual agency occurs, that I or another agent affiliated with Gibson Sotheby’s International Realty represent the buyer and the seller in the same transaction, I shall give notice to the buyer in compliance with the applicable licensing law.
TO (Seller and Spouse)
OFFER TO PURCHASE REAL ESTATE
Date:
From the Office of :
The property herein referred to is identified as follows:
Special provisions (if any) re fixtures, appliances, etc.
hereby offer to buy said property, which has been offered to me by as the Broker(s) under the following terms and conditions: CHECK ONE:
1. I will pay therefore $ , of which Check, subject to collection (a) $ is paid herewith as a deposit to bind this Offer Cash (b) $ is to be paid as an additional deposit upon the execution of the Purchase and Sale Agreement provided for below. (c) $ is to be paid at the time of delivery of the Deed in cash, or by certified, cashier’s, treasurer’s or bank check(s). (d) $
(e) $ Total Purchase Price
2. By accepting this Offer, you agree to pay my broker, _______________________, who is representing me and acting as my agent, a fee equal to ____________________________, which fee is included in the purchase price and shall be paid from the proceeds of the sale at the time of closing.
3. This Offer is good until A.M. P.M. on , 20 at or before which time a copy hereof shall be signed by you, the Seller and your (husband) (wife), signifying acceptance of this Offer, and returned to me forthwith, otherwise this Offer shall be considered as rejected and the money deposited herewith shall be returned to me forthwith.
4. The parties hereto shall, on or before A.M. P.M , 20 execute the applicable Standard Form Purchase and Sale Agreement recommended by the Greater Boston Real Estate Board or any form substantially similar thereto, which, when executed, shall be the agreement between the parties hereto.
5. A good and sufficient Deed, conveying a good and clear record and marketable title shall be delivered at 12:00 Noon on , 20 at the appropriate Registry of Deeds, unless some other time and place are mutually agreed upon in writing.
6. If I do not fulfill my obligations under this Offer, the above mentioned deposit shall forthwith become your property without recourse to either party. Said deposit shall be held by as escrow agent subject to the terms hereof provided however that in the event of any disagreement between the parties, the escrow agent may retain said deposit pending instructions mutually given in writing by the parties. A similar provision shall be included in the Purchase and Sale Agreement with respect to any deposit held under its terms.
7. Time is of the essence hereof.
8. Disclosures: For one to four family residences, the Buyer hereby acknowledges receipt of the Home Inspectors: Facts for Consumers brochure produced by the Office of Consumer Affairs. For residential property constructed prior to 1978, Buyer must also sign Lead Paint “Property Transfer Notification.”
9. The initialed riders, if any, attached hereto are incorporated herein by reference. Additional terms and conditions, if any:
NOTICE: This is a legal document that creates binding obligations. If not understood, consult an attorney. WITNESS MY HAND AND SEAL
Buyer Buyer
Address/City/State/Zip
Phone Numbers (Work & Home)
Receipt of deposit check for transmittal by: (Agent/Facilitator) Check shall not be deposited unless offer is accepted. This Offer is hereby accepted upon the foregoing terms and conditions at A.M. / P.M. on , 20 WITNESS my (our) hand(s) and seal(s)
Seller (or spouse)
Date
Seller
RECEIPT FOR DEPOSIT
Received from Buyer the sum of $ as deposit under the terms and conditions of above Offer, to be held by as escrow agent.
Under regulations adopted pursuant to the Massachusetts license law: All offers submitted to brokers or salespeople to purchase real property that they have a right to sell shall be conveyed forthwith to the owner of such real property.
Agent for Seller
