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1 The Real Property shall include the property described in the attached exhibits, but Seller shall not be released therefrom until all the property described above is sold as of execution of the execution of Seller's contract for sale and purchase hereunder and a good and valuable consideration in the sum of Fifty Thousand Dollars ($50,000.00) (as a fixed fee for selling the Real Property and any other property purchased with it, and not including any of the costs and expenses, fees, commissions or expenses incurred by Seller to prepare and file the sale, purchase or any other transaction) being paid to the Seller (collectively, the "Fee") is paid to Seller. 2. DEFINITIONS: For the purpose of this Agreement, the following terms have the following meanings, unless the context clearly indicates otherwise: (a) "Bidder/Seller" means a person who has made an offer in good faith, for value in good faith, to purchase, take possession or to otherwise acquire any real estate or any other property described herein; (b) "Gross Proceeds" means the aggregate amount of all the consideration received by Buyer as consideration for the purchase of real property, less any amount payable by Buyer in connection with the sale or other disposition of all or part of that consideration; (c) "Real Property" means any real estate, buildings, improvements, improvements or improvements on real estate, or any interest therein, in this state, including but not limited to the real property described in Exhibit 1, the real property described in Exhibit 2 and the real property described in Exhibit 3, and any improvements thereon, at all times after the execution of this Agreement to the extent that the real property is available for use, in addition to the property described in the attached exhibits, and includes any vacant land located thereon; (d) "Seller" means a person who has made an offer in good faith, for value, for the purchase of the real properties described in Exhibit 1 and 2, any real property, buildings, improvements or improvements and any other real property, buildings, improvements or improvements at all times after the execution of this Agreement, to the extent that the real property is available for use, including any vacant land located in this State subject to the real property, buildings, improvements and improvements described there. 3. DEFINITIONS AND RULE-MAKING: (a) Buyer/Seller will perform all of the obligations of Seller (including Seller's duties to maintain confidentiality).

Thank you for joining Serena Brown of Taylor brown real estate talks, and today we're going to talk about Indiana purchase agreement the form that we have today been the purchase agreement this is one for the improved property and improved property is a property that has a home building or some type of structure on it there's a second type of purchase agreement and that's for unimproved property and quite naturally that is a property that has nothing on it is just vacant land first section of this purchase agreement is going to be putting down the listing broker and the agent that is representing listing broker the selling broker and the agent that's representing the selling broker next will be the date after that will be the buyers name and if you notice there is a comma here this is for two bars of his husband and wife brother and sister significant other and someone, but that's what the Commerce 442 specific buyers if there's just one then quite naturally you just put the one person's name there next will be the property where it says the property is known as that will be the address of the property next will be the township most properties are situated in a township, so that will be the township information once again the realtor is filling this out for you, so they will have the pertinent information to put here the county in which this property besides the city state and zip code the next part is the legal description the legal description is used by surveyors but what it does is give a map view of where the property is with coordinates if that is necessary lot size I could also give the lot of number all of this information can be getting from plat maps are documents that were used at a time that the property was built also section 11 through 17 talk about fixtures and things that come along with the property I if the property at the time that you see and had a chandelier in that home then quite naturally you should be expecting that chandelier to be there unless the contract or the thing tell you otherwise but things that are fixed to the property are things that you should be expecting in the home when you purchase it now quite naturally on the amount of foreclosed properties that are out here if it's not there when you see it is not going to be there when you purchase it because most of these properties are being bought as is if there are items that the seller is leaving that you do not want you can list that here where it says exclude the following next section is going to be the price that you want to pay for the property all properties have a list price that is considered by most relatives the asking price now to determine how much you would pay for property you and your Realtor would do a CMA comparative market analysis to see what the property is worth that are selling in the area, so the asking price may not be in line with what the purchase price is so your Realtor will be able to give you more information pertaining to that...

The Indiana purchase agreement solidifies the contractual bond between a seller and buyer participating in a real estate transaction for the sale of residential property.