Letter - BID FOR THE PURCHASE OF REAL PROPERTY
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To _________________________As__________________________ of Estate of ____________________________________ Deceased.
The undersigned hereby offers $__ ______for the purchase of the property generally known as __________________________________and described as:__________________________________________________[description on the following terms:
________________[terms for paying balance]___________
Rents, taxes, insurance expenses of operation and maintenance to be prorated as of close of escrow; seller to furnish title policy.
Enclosed is a bank cheque #________________ on [location]Branch of _________________ [bank] for $____________ representing 10% of my offer as a deposit.
I understand this bid, if accepted, is subject to confirmation by the Superior Court.
(This offer is contingent on your accepting it by [date] and obtaining the earliest possible date for the court hearing. If you do not accept this offer on or before said date, you are instructed to return the deposit immediately thereafter) Deposit is to be returned in event sale is not confirmed by court.
Upon confirmation of sale, title shall be conveyed by grant deed (or warranty deed) to [names of parties] [description of manner in which title will be held]
(This offer is subject to a real estate commission of __% to be paid by the estate to [name of broker], address, License # ---------)
Address _______________________ Phone ____________________
Receipt is acknowledged of ($------)as a deposit. I accept said offer subject to confirmation by the court, and will file a return of sale and immediately notify you of the date of hearing.
DATED ____________________ __________________________ As executor (administrator) Of Estate of Deceased
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