Terms & Conditions of Sale
Purchaser shall purchase the real Property herein described for above mentioned purchase price. Upon receipt of the full purchase price, W-9, recording fees and (or) taxes as set forth, the Seller shall execute and deliver Special Warranty Deed to convey title to the real Property described above. The Seller will prepare a properly notarized Special Warranty Deed in Purchaser’(s) name and submit it accompanied by applicable transfer, documentary stamps, and/(or) recording fees to the County Recorder’s office in which real Property is situated by trackable carrier within two business days of receiving cleared funds. Purchaser acknowledges that Seller has no control over the time in which the County will record and return deed to Purchaser.
Purchaser is aware and acknowledges Seller may have acquired the Property through foreclosure or other conveyance and that the Seller has not occupied such Property and has not made, and will not make any warranty or representation, expressed or implied, regarding the quality, condition, habitability, suitability of the Property or fitness for a particular purpose, its soil conditions, or existence of hazardous materials. Purchaser acknowledges and agrees that Seller does not warrant or guarantee the square footage, condition, value, lot dimensions, construction quality, personal Property or fixtures remaining on or in the Property. Purchaser hereby acknowledges and agrees that Purchaser has inspected the Property and agrees to purchase the Property “as-is with all faults” and violations of record. Seller may reserve mineral rights, if any, at Seller's sole discretion, any time prior to and including the recording of the deed to Purchaser. Improvement bonds on the Property are to be assumed by Purchaser in addition to the sale price. Purchaser acknowledges having inspected the Property and investigated its’ suitability for any given purpose prior to purchasing, including availability of access and utilities or lack thereof, and hereby accepts the Property 'AS-IS'.
Taxes for prior year or years have likely been paid by foreclosure actions. Evidence of payment can be viewed upon the applicable Counties’ Public Tax Collector website. If, however, tax liabilities for the prior year(s) during our ownership tenure have not been paid, Seller will pay immediately upon receipt of full purchase price and fees, as described above, and will provide evidence of same to Purchaser within ten business days of receipt of all cleared funds due per above. Any liabilities for the current tax billing period shall be the sole responsibility of the Purchaser.
The Purchaser shall have possession of the real Property on the date of the transfer of title unless otherwise agreed to, in writing, by the parties hereto or their attorneys, in which event, all adjustments shall be calculated from the date that the Purchaser took possession of the real Property and Purchaser shall be obligated to maintain the real Property from said date.
Purchaser shall hold Seller harmless from and indemnify Seller for, from and against any and all claims raised by any third party against Seller resulting from the Seller's interest hereunder and/or the acts of Purchaser. Such indemnification shall include Seller's reasonable attorney's fees, costs and lost compensation or profits of Seller or their agents resulting from the preparation for and participation in any litigation. Purchaser has personally inspected and investigated this parcel and hereby accepts the Property as is. Purchaser further agrees and understands that all sales are final. Purchaser hereby releases and holds Seller harmless with respect to all liability, loss, damages, claims, suits, causes for action awards, decrees, judgments, or expense of any kind, including legal fees and costs in connection with the Property arising out of personal injury, death, or Property damage actually or allegedly arising from the condition of the Property during any on-site and/or off-site inspections.
The parties agree that the venue of any legal action shall be in Burlington County, NJ and governed by the laws of the State of New Jersey. In the event of a legal dispute where the claim is $5,000 or less, the parties agree to resolve the dispute utilizing binding arbitration. Under no circumstances shall the Seller's liability exceed the amount paid by Purchaser to the Seller. Only in the event of court judgement shall the prevailing party be entitled to recover reasonable attorney's fees and costs. The undersigned Purchaser agrees to purchase the above-described real Property on the Terms and Conditions stated herein.
This agreement shall be binding upon the executors, administrators, successors and assigns of the parties hereto. This contract is not otherwise assignable to external parties except as noted above.
Electronic Signature and Electronic Delivery of Disclosures and Notices. By clicking “I agree” and /or providing your email address to us, you agree that we may provide you with any information related to your account in electronic format until you withdraw your consent. Your consent to receive electronic communications and transactions includes all the forms and documents on this website and other agreements or notices that may be necessary to complete the purchase of real Property and/or financing on the same. By providing your consent you are confirming that you have the hardware and software to receive and review electronic records and that you have an active email account.
Where the context herein requires, the singular number shall be deemed to include the plural, the masculine gender shall include the feminine and neuter genders and vice versa.
Seller may cancel any transaction at its' sole and absolute discretion by immediately processing a full refund of any monies placed on deposit prior to final closing should any material information render us unable to uphold Terms & Conditions offered herein.