using a template you find online, create a new contract of sale based on the following facts:

Date of contract: January 11, 2015. Sal Seller and Bill Buyer. Sal's address is 10 Sol Street. Bill's address is 12 Third Avenue. The property address is 21 Robin Lane, Morgan, State of Placid.

Included in the sale are some built-in tool storage cabinets in the basement.

The purchase price is $121,000. Bill put down $1,000 earnest money. No additional money will be paid prior to closing. The closing is to take place on May 11, 2015, at 3 p.m. in the offices of Al Attorney, 100 Shyster Boulevard, Burnett City, State of Placid.

Bill's offer is based on being able to obtain financing at 9 percent or lower, in the amount of $115,000, for a 30-year loan. He doesn't want to pay more than two points.

Sal wants Bill to apply for financing as soon as possible, at least within 10 days of the contract being signed. Bill wants a termite inspection within 10 days of signing the contract.

If termites are found, Sal wants at least 30 days to fix whatever

Answer rating: 100% (QA)

Contract of Sale This Contract of Sale Contract is made and entered into on January 11 2015 by and between Sal Seller residing at 10 Sol Street Morgan State of Placid herein referred to as Seller and ... View the full answer