hereby offer to purchase from the owner (seller), through Antique Boat America (Broker),
the following described boat:: (Boat ID)
with the following terms and conditions:
1. The sale shall include all equipment, trailer, and cover as listed on the boat including:
a.) The sale shall be contingent
b.) This offer shall be valid
After which time, if not accepted, this offer shall be null and void and the
deposit shall be returned to the buyer in full without interest.
2. The purchase price shall be $
,payable as follows:
as earnest money to
apply to the purchase price to be held by the Broker in escrow, pending closing.
If this offer is not accepted, or if the Seller defaults in the performance
of the Contract, the earnest money in full shall be promptly returned
to the Purchaser. Purchaser. If the Purchaser defaults in the performance of
this Contract, then one half of the deposit shall be retained by the Broker,
not as liquidated damages, but to apply to the damages which the Seller and
Broker may suffer on account of the default of Purchaser.
b. The balance of the purchase price
shall be paid in cash, certified, building and loan, or cashier’s check upon
delivery of the title at the time set forth or at such sooner time as mutually
agreeable by the parties hereto.
3. Title to said boat, or similar proof of ownership, shall be conveyed on
or before, , free, clear and unencumbered as of the date of closing.
4. Seller shall have the right to
remove any and all encumbrances and liens, at the time of delivery of title, out
of the purchase moneys.
Seller agrees that upon delivery of
title, the boat shall be in the condition as it is on the date of this offer,
reasonable wear and tear expected. If the boat is damaged or destroyed by fire
or other casualty prior to closing, the Purchaser, at his option, may terminate
this contract by written notice to the Seller.
6. Possession shall be given Purchaser
at the time of closing and Seller is to have all rights of possession prior to
7. Purchaser represents that he has
inspected, or had inspected, said boat and its equipment and is aware of
condition and acknowledges that no warranties, either expressed or implied, have
been made by the Broker or Seller as to the condition of the boat and its
8. This Contract constitutes the entire
agreement between the parties hereto, and no oral or implied agreement or
understanding will cancel or vary the terms of this Contact. The masculine
pronoun, whenever used herein, shall include the feminine pronoun. The singular
shall include the plural.
9. The purchase agreement shall be considered valid only when
it is signed, by both parties and accompanied by funds in the amount of 10% of
the purchase price as earnest money.
offer shall remain open for acceptance until midnight of the
date specificied in section 1b
, and a signed copy hereof shall be promptly
delivered to the Purchaser upon acceptance. Purchaser acknowledges receipt of a
copy of this offer.