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  • Contract for Purchase and Sale
    • Contains a provision for a "Financing and Inspection Period" which is a negotiated period of time for the Buyer to perform all desired "due diligence" during which the Buyer can cancel at any time and get the deposit back.

  • Option Contract for Purchase and Sale
    • Exactly like the Contract for Purchase and Sale EXCEPT that the first paragraph contains option language wherein the Buyer pays a fee to have an option to purchase for a specified period of time. Use this form where the Buyer needs a relatively long period of time to put the deal together and the Seller refuses, without the payment of a fee, to take the property off the market for that period of time by giving the Buyer the exclusive right to purchase..