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Part 3: Purchase Price (Section 2 continued)


Part 3: Purchase Price (Section 2 continued)

June 30, 2015
Tanishia Stokes
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Purchase Price (Sub Sections c-e)

Section (c) is where the dollar amount of the purchase price amount that will be financed is indicated. This section is detailed further in section 8 of the contract.

Section (d) is where other forms of parts of the purchase price that do not fall within the categories of section (a), (b), or (c) can be indicated.

Finally, Section (e) is where the balance amount of the purchase price, that is to be paid at closing, is indicated. This should not include buyers closing costs, prepaids, or prorations. You should arrive at this amount by adding the amounts in sections (a), (b), (c), and (d), and then subtracting this amount from the overall purchase price on line two.

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