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Bid Purchase Real Property Probate letter Template







BID FOR THE PURCHASE OF REAL PROPERTY
[Probate]


To [r-Name] As [r-Title] of Estate of [p-Name] Deceased

The undersigned hereby offers [p-Amount] for the purchase of the property generally known as [p-Address] and described as:

[Insert official description]

On the following terms:

[p-DepositAmountNumber] deposit [p-DepositAmountWords]
[insert relevant 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 cashier's check #[p-CheckNumber] in consideration of the enclosed bid.

Branch of [p-CheckBank]
For [p-DepositAmountNumber] representing [p-Percentage]% 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 [p-AcceptanceBidDate] 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 [insert names of parties]

[Description of manner in which title will be held]

(This offer is subject to a real estate commission of [p-Commission]% to be paid by the estate to [p-Broker], [p-BrokerAddress], License #[p-BrokerLicenseNumber])


_______________________________ [s-Date] [s-Name] as Authorized Bidder [s-Phone]
[s-Address]


ACCEPTANCE

Receipt is acknowledged of [p-DepositAmountNumber] 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.


_______________________________ _______________________________
Date of Acceptance As executor (administrator)
Of Estate of Deceased