Fillable Printable Professional Retainer for Purchase of Property Form
Fillable Printable Professional Retainer for Purchase of Property Form
Professional Retainer for Purchase of Property Form
RETAINER FOR PURCHASE OF PROPERTY
NAME(S):
ADDRESS(ES):
Telephone:
Voice: Fax:
Work: Other:
Social Security
No(s)/EIN:
PROPERTY:
No. & Street:
City:
State:
Zip:
Section:
Block:
Lot:
PURCHASE
PRICE:
$
Payable as
follows:
Contract:
$
Mortgage(s):
$
Closing: $
EXPENSES: In addition to the downpayment on contract and at closing, you will need approximately
$____________ more to pay for, but not limited to, adjustments, mortgage points, title insurance,
inspections, appraisals, bank charges, mortgage tax, discount fees, survey, escrows, recording charges,
PMI insurance, fire insurance, etc.
LEGAL FEES: Your total legal fee is $ __________, plus disbursements.
Fee For Review of Contract. Your legal fee for review, revision and execution of the contract
is $ ____________, and is payable whether or not the deal closes. This fee is payable today, or upon
invoice.
Balance Of Fee At Closing. The balance of your legal fee for scheduling and attendance at the
closing is $__________, plus disbursements, and is payable only if a closing is actually scheduled.
Disbursements. The disbursements (expenses) you are responsible for include: postage,
copying, overnight and delivery services, transportation, all costs associated with the purchase of your
property, etc.
Additional Services: Subsequent contract review, assistance in obtaining a mortgage
commitment or mortgage commitment review or extension, out-of-county attendance, negotiation of
purchase terms, resolution of contract disputes through litigation or otherwise, post-closing escrows,
post-closing disputes, correction deeds, power of attorneys, etc.
You will therefore need a TOTAL of APPROXIMATELY $ ______________ to buy this house,
including the cash on contract, cash on closing, expenses and legal fees.
Your approximate monthly cost will be:
1st mortgage (fixed/variable) @ ____ % interest
or
prevailing rate at closing:
$ ___________
PMI Ins., Taxes, water & sewer $ ___________
Fire Insurance $ ___________
TOTAL: $ ___________
Plus: oil, gas, utilities, repairs
Minus: rentals, if any
It is our intention to serve you to the best of our ability. It is your responsibility, however, to
immediately apply for a mortgage commitment, decide whether or not to exercise an interest rate lock-
in option, deliver to us a final copy of it, and obtain an extension if necessary. It is also your
responsibility to obtain a termite certificate and a fire insurance policy and engineer’s report, if desired.
Thank you for the opportunity to serve you—Good Luck.
Terms accepted/Copy received:
________________________________ _________________________________
________________________________ _________________________________
NY
0
0
DATE:
