Fillable Printable Retainer for Purchase of Property Form

Retainer for Purchase of Property Form

RETAINER FOR PURCHASE OF PROPERTY

, 200

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 notthe deal closes. This feeis 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.

YouwillthereforeneedaTOTALofAPPROXIMATELY$ tobuythis

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,

toimmediatelyapplyforamortgagecommitment,decidewhetherornottoexercisean

interestratelock-inoption,delivertousafinalcopyofit,andobtainanextensionif

necessary. It isalso yourresponsibilityto obtainatermite certificateanda fireinsurance

policyandengineer’sreport,ifdesired.Thankyoufortheopportunitytoserveyou—

Good Luck.

Terms accepted/Copy received:

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