Seller's Acknowlegement - CYA
Seller's Acknowledgements
(Page 1 of 2)
I
,_________________________________________________________ (Seller), on
this ____ day of ______________________, 20_____, have agreed in writing
to sell the property commonly known as
______________________________________________, (The Property) to
________________________________________ (Buyer) and or assigns,
according to the terms and conditions contained in the Purchase and Sale
Agreement (The Agreement) of even date, a copy of which is attached
hereto. I further state as follows:
________ 1. OWNERSHIP OF THE
PROPERTY: I am the owner of The Property (or I have an equitable
interest in The Property) and am able to contract for its sale.
________
2. ACCEPTANCE: I have reviewed the terms and conditions contained in
The Agreement and have accepted Buyer's offer to purchase The Property.
________
3. GOOD AND VALUABLE CONSIDERATION: I have received good and valuable
consideration in signing The Agreement, and I acknowledge both the
receipt and the sufficiency of the consideration.
________ 4. IN
MY BEST INTEREST: I am satisfied with The Agreement and have agreed to
sell The Property because it is in my best interest to do so.
________
5. FULLY INFORMED AND NOT CONFUSED: I have signed The Agreement being
fully informed and with sufficient understanding of all terms and
conditions contained therein. I am not confused about any aspect of The
Agreement.
________ 6. SATISFIED WITH THE SALES PRICE: I
understand I may be selling The Property for less than market value but
have chosen to do so because circumstances dictate that an immediate
sale, even at a discounted price, is in my best interest. I am satisfied
with the sales price I have negotiated.
________ 7. SALE IS
FINAL: I understand by signing The Agreement, I have agreed to sell The
Property to Buyer and am now bound by the terms and conditions described
in The Agreement. I further understand that I cannot “change my mind”
or cancel the contract at some later date, nor can I continue to market
The Property to any other buyer.
________ 8. CONTINGENCIES MAY
EXIST: I understand the sale may be contingent upon Buyer's inspection
and approval of certain items described in The Agreement. I further
understand that if Buyer does not approve of these items, Buyer may
cancel The Agreement and if cancelled, I must return Buyer's earnest
money in full.
________ 9. NOT A LOAN: I understand The
Agreement I have signed is for the outright sale of The Property and is
not intended to be a loan of any kind.
________ 10. AGREEMENT
MAY BE ASSIGNED: I understand Buyer may assign The Agreement to another
party and I may be closing the sale with someone other than Buyer.
________
11. NO ESCROW: I understand Buyer may choose to “close” this
transaction without the use of an escrow company and may record the
conveyance documents himself.
Seller's Acknowledgements
(Page 2 of 2)
________
12. CLOSING DOCUMENTS: I understand there will be additional closing
documents to sign and upon receipt, agree to sign and deliver the
closing documents either into Escrow or directly to Buyer, as Buyer may
direct, in a timely manner.
________ 13. COPIES OF THE
PAPERWORK: I understand that copies of the paperwork I've signed will be
provided to me in a timely manner and I acknowledge that circumstances
dictate that copies may not be immediately made available to me.
________
14. BUYER ENTITLED TO MAKE A PROFIT: I understand Buyer may resell The
Property and may realize a profit in doing so. I agree Buyer is entitled
to any profit that may ultimately result from the subsequent resale of
The Property.
________ 15. LEGAL COUNSEL ADVISED: I acknowledge
Buyer has advised me to seek independent legal counsel to review The
Agreement.
________ 16. FINANCIAL REVIEW ADVISED: I acknowledge
Buyer has advised me to seek an independent financial advisor to review
The Agreement.
________ 17. FAIRLY NEGOTIATED: I understand
Buyer has negotiated on his own behalf and likewise, I have negotiated
on mine. I acknowledge The Agreement has been negotiated fairly and
Buyer has not taken advantage of me or my current situation.
________
18. NO PRECLUDING AILMENTS: I have no physical, mental or emotional
ailments that preclude me from signing The Agreement.
________
19. NOT UNDER THE INFLUENCE: I am not now under the influence of alcohol
or any other mind-altering substance, nor am I taking medication that
would cloud my judgment or make me unable to think clearly.
________
20. NO OTHER PROMISES: I have not been promised anything other than
what is described in The Agreement. There are no unresolved issues, no
“side agreements,” nor are there other terms not disclosed in The
Agreement.
________ 21. NOT UNDER DURESS: I am not under duress
and have signed The Agreement of my own free will, without any undue
financial pressure. Buyer has in no way pressured me into signing The
Agreement.
________ 22. FULLY SATISFIED WITH AGREEMENT: I am fully satisfied with all terms and conditions contained in The Agreement.
________
23. BUYER IS NOT MY AGENT: I understand that Buyer is a licensed real
estate agent in _____your state__________________, but that he is NOT
acting as MY agent in any way in this transaction. I am acting in my own
best interests and he is acting in his.
Dated this _____ day of ___________________, 20____.
___________________________ Seller (Signature)
___________________________ Seller (Signature)
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