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Clam Circle - Property sale offer instructions","","Real estate offer instructions for 689 E. Clam Circle in Long Island Village, Cameron County, Texas, covering the surface estate and a park model home. The seller (Board of Regents of The University of Texas System for UT Rio Grande Valley) specifies an asking price, payment responsibilities for title premium, escrow, taxes, and closing costs, and mineral rights retention. 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CLAM CIRCLE  \nDeadline: January 29, 2021 on or before 3:00 pm Central Time  \nFor Sale: 689 E. Clam Circle in the Long Island Village community in the vicinity of Port Isabel, Cameron County, Texas. The property, consisting of the surface estate only, includes approximately 3 ,574 square feet of land improved with a single family detached“Park Model” home containing approximately 688 square feet of area.  \nThe asking price for the property is $135,500 .  \nSeller is the Board of Regents of The University of Texas System for the benefit of The University of Texas at Rio Grande Valley.  \nSeller:  \nWill pay a sales commission of up to 3% to Purchaser’s broker in the event that Purchaser utilizes a Broker. However, the cost of such broker fee will be taken into consideration when reviewing the offering price.  \nWill pay the cost of the basic premium for a title policy. A copy of a prior title commitment issued by Edwards Abstract is included with the Due Diligence Information. Escrow fee will be split evenly.  \nWill provide a copy of existing survey which may be updated by Purchaserat Purchaser expense – copy of existing survey is included with the Due Diligence Information.  \nWill retain mineral rights, if any.  \nWill convey the property via Special Warranty Deed; a draft copy is enclosed with the Due Diligence Information.  \nPurchaser:  \nMay submit an offer on the Property utilizing a UT System Purchase and Sale Agreement template included with the Due Diligence Information. However, Purchaser may also submit an offer utilizing a promulgated Purchase and Sale Agreement of its choosing (TREC Contract form, for instance) and a Seller Special Provisions Addendum and / or State Law Limitations Addendum will be attached to ensure compliance with State Law and UT System policy. A draft copy of the TREC Special Provisions Addendum and the State Law Limitations Addendum are included with the Due Diligence Information.  \nWill pay cash at closing  \nWill pay half of the escrow fee and its share of closing costs May obtain endorsements to the title insurance policy at its’ expense Will pay for updated survey, if required by Purchaser  \nWill pay prorated ad valorem taxes  \nWill pay all other closing costs  \nOffer Deadline: January 29, 2021 on or before 3:00 pm Central Time  \nReturn Offers to: Philip Bible / Senior Real Estate Officer  \nReal Estate Office  \nThe University of Texas System  \n210 West 7th Street \\# 14.624  \nAustin, TX 78701  \n(512) 499-4247 Office \\#  \n[pbible@utsystem.edu](pbible@utsystem.edu)  \nProcess  \nIt is recommended that an offer on the property be submitted utilizing one of the following methods: 1) a “fill in the blank” UT System template Purchase and Sale Agreement (“UTS Agreement”) is included herewith for convenience as part of the Due Diligence Information and may be utilized to make an offer on the property; 2) a prospective purchaser is not required to utilize the UTS Agreement and may instead choose to submit an offer utilizing the promulgated TREC One to Four Family Residential Contract Resale form \\# 20-14 (TREC Contract Form) . The Seller has prepared a TREC Special Provisions Addendum that will be attached to the TREC Contract Form such that it complies with State Law and UT System policy. A copy of the TREC Special Provisions Addendum is included as part of the Due Diligence Information and should be utilized by a prospective purchaser that decides to submit a TREC Contract Form; 3) a prospective purchaser may choose to submit an offer on the property by utilizing a promulgated real estate contract form other than the TREC Contract Form described above. In such event , a State Law Limitations Addendum will be added by the Seller to ensure that the real estate contract complies with State Law and UT System policy. A copy of the State Law Limitations Addendum is included with the Due Diligence Information.  \nThe UTS Agreement or promulgated real estate contract (TREC Contract Form or o","cbCaihGpw11V64sV","https://ap.wps.com/l/cbCaihGpw11V64sV","pdf",430749,"English","# Offer deadline and submission\n## Deadline and return destination\n# Seller terms and buyer obligations\n## Title, escrow, surveys, deed, taxes, and closing costs\n# Offer formats and attachments\n## UT System agreement and TREC contract addenda\n# Review, counteroffers, and closing timeline\n## Seller discretion and finalization process\n## Due diligence package items","[{\"question\":\"What is the offer deadline and time zone for 689 E. Clam Circle?\",\"answer\":\"Offers are due January 29, 2021 on or before 3:00 pm Central Time, submitted by completing the required offer form and sending it to the listed contact.\"},{\"question\":\"What options does a buyer have for submitting the offer contract?\",\"answer\":\"A buyer may use the included UT System Purchase and Sale Agreement template or submit a promulgated TREC One to Four Family Residential Contract using the seller’s TREC Special Provisions Addendum; other contract forms require a State Law Limitations Addendum.\"},{\"question\":\"Which party pays the title policy premium, escrow, and surveys?\",\"answer\":\"The seller will pay the cost of the basic premium for a title policy and escrow is split evenly. The seller provides an existing survey copy, and the buyer pays for updated survey if required.\"}]","Call for Offers - 689 E. Clam Circle - Property sale offer instructions | PDF",1789569869]