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The contract sets the estimated occupancy closing date subject to the seller’s construction schedule and requires arbitration per the agreement. 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Parties. This legally binding New Construction Purchase and Sale Agreement (“Agreement”) is between  (“Buyer”) and Keystone Homes, Inc.  \n(“Seller”) .  \nAFFLIATES OF SELLER ARE LICENSED UNDER THE LAWS OF SOUTH CAROLINA AND GEORGIA AS REAL ESTATE BROKERS.  \n2. Property to be sold. Buyer agrees to buy, and Seller agrees to sell all that tract or parcel of land, with such improvements (altogether the “Property”) as is located thereon, described as follows:  \nLot   Block  Section/Phase  Subdivision   Address  City  Zip Code  County   State    \nSeller represents Property is connected to  public sewer system or to  septic tank and to  public water or  well system. If Property requires the use of a septic system, Agreement may be voided by Seller if the government authority issuing septic system permits does not approve the home site andhome to be constructed as named in Agreement for a standard septic system.  \n3. Term of Construction and Closing Date. The estimated date the Home will be available for occupancy is  (“Closing Date”) but the actual date of closing may vary  \nbased on Seller’s construction schedule.  \nTHIS AGREEMENT IS SUBJECT TO ARBITRATION. See paragraph 14 of Agreement.  \n4. Purchase Price and Method of Payment. The purchase price of the Property to be paid by Buyer at closing is: $  , subject to the following: [Select sections A or B below. The sections not marked are not apart of the Agreement.]  \nSeller and/or lender shall pay the following: The sum of up to $ to be used by Buyer for closing costs as described in paragraph 4.C.a. and in paragraph 4.D. Unspent sums, if any, shall remain with the Seller.  \nCheck One:  \n Buyer represents Buyer will use a lender on Seller’s approved list.  \n Buyer represents Buyer will not use a lender from Seller’s approved list and acknowledges that lenders not on Seller’s approved list may not close by the set Closing Date. In addition, Buyer shall make a non-refundable Construction Deposit as described in 4.E.c of $5,000 . If Buyer fails to make a Construction Deposit as required under this section within five (5) business days of accepted agreement, Seller may terminate this agreement and retain all monies deposited with Seller and/or escrow agent as liquidated damages. If Buyer uses an unapproved lender and the appraisal ordered by the unapproved lender does not equal or exceed the purchase price of Property, Buyer agrees to pay Seller a $500 fee (“Fee”) for the preparation of a Reconsideration of Value form (“ROV”) which will be submitted to the Buyer’s lender. Fee will be due and payable when Seller submits ROV to Buyer’slender. If Buyer fails to close on Property, Seller shall retain the $5,000 .  \n[ ] BUYER [ ] BUYER [ ] SELLER HAVE READ THIS PAGE  \nRevision Date12/22/2021 Page 1 of 16  \nIf Buyer changes lenders during the course of the Agreement without the consent of Seller, Seller may, at its sole option, elect to terminate Agreement and retain all monies deposited with Seller and/or escrow agent.  \nBuyer agrees Seller will not pay closing costs if Buyer uses the following lender(s):  \nVeterans United, Wells Fargo, Loan Depot or Regions Bank  \nA.  All Cash at Closing. At closing, Buyer shall pay the purchase price to Seller in cash, or its equivalent. Buyer’s obligation to close shall not be subject to any financial contingency. Verification of cash funds should be provided within seven (7) calendar days from final acceptance of the Agreement. Verification can be provided in the form of a bank statement, letter from a bank, or other forms or verification that provides evidence that cash funds will be available. If Buyer fails to provide verification of cash funds within five business days, Seller may, at its sole option, terminate Agreement.  \nB.  New Loan to be Obtained.  \na. This Agreement is made contingent upon Buyer’s ability to obtain a mortgage loan within seven (7) calendar days from Acceptance, as ","cbCaipfq6aMhCaFb","https://ap.wps.com/l/cbCaipfq6aMhCaFb","pdf",250562,"English","# Parties\n## Property to be sold\n## Term of Construction and Closing Date\n## Purchase Price and Method of Payment\n## Purchase options and financing contingencies\n## Lender authorization and information disclosure","[{\"question\":\"What property details must be included in the agreement?\",\"answer\":\"The buyer agrees to purchase and the seller agrees to sell the described tract of land and all improvements located thereon, including lot/block/section/phase/subdivision, address, city, zip code, county, and state.\"},{\"question\":\"How is the closing date determined?\",\"answer\":\"The agreement states an estimated date for occupancy, but the actual closing date may vary based on the seller’s construction schedule.\"},{\"question\":\"What happens if the buyer cannot obtain financing or fails to meet deadlines?\",\"answer\":\"If the buyer cannot obtain the required conditional preapproval and provide proof within the specified period after acceptance, the seller may void the agreement. If cash verification or construction deposit requirements are not met within the stated timeframes, the seller may terminate and retain deposited monies as liquidated damages.\"}]","New Construction Purchase and Sale Agreement | PDF",1789575928,6]