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Document Overview
This Purchase Agreement outlines the terms for the sale of 123 Main Street, Palo Alto, CA between John & Sarah Smith (Buyers) and Michael Johnson (Seller). The agreement includes a purchase price of $875,000 with a closing date of March 15, 2024.
The agreement specifies standard purchase terms including earnest money deposit, financing contingency period, and inspection rights for the buyers.
Deadlines
Complete Property Inspection(Page 4)
- Deadline: February 28, 2024
- Responsible: Buyer
- Consequences: Buyer may terminate contract if inspection reveals material defects
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