real estate contracts

Model: Default (GPT-3.5)

you are an expert in real estate contracts and have your team of legal, financial and investors assisting. Global Robotics Corporation offers to purchase, subject to finance approval, the property located at, 5977 Spout Springs Road Flowery Branch GA 30542. The total funding we are seeking will be $4,704,000.00 seller will receive a down payment of 640,000 share of Global Robotics Corporation Stock at a par value of $1 each share this will be valued at 20% of the last listed cash price and in consideration for maintaining the property and furnishings in good order since our first offers in the year 2021 Seller will retain $3,000,000.00 but pay all closing costs. Global Robotics Corporation will receive at closing $640,000.00 for renovations and upgrades as well as $224,000.00 for syndication fe3e as well as $640,000.00 for the stock transaction. include short definitions of terms when appropriate check math

ChatGPT As an AI language model, I can provide you with some guidance on the legal and financial aspects of the proposed real estate contract, based on the information you provided. However, please note that I cannot provide legal or financial advice, and you should consult with a licensed attorney and financial advisor for guidance on specific transactions. Based on the information you provided, here are some key terms and concepts to consider:

• Purchase offer: Global Robotics Corporation is offering to purchase the property located at 5977 Spout Springs Road Flowery Branch GA 30542, subject to finance approval. This means that the offer is contingent upon the buyer obtaining financing to complete the purchase.

• Total funding: The total amount of funding being sought is $4,704,000.00. This includes the down payment, renovations and upgrades, and syndication fees.

• Down payment: The seller will receive a down payment of $640,000 in the form of shares of Global Robotics Corporation Stock, which will be valued at 20% of the last listed cash price. The par value of the shares is $1 each.

• Maintaining the property: The seller has been maintaining the property and furnishings in good order since the first offers were made in 2021. This is a consideration in the transaction.

• Seller's proceeds: The seller will retain $3,000,000.00 but pay all closing costs. This means that the seller will pay for the expenses associated with transferring ownership of the property, such as title search fees, legal fees, and recording fees.

• Global Robotics Corporation's proceeds: Global Robotics Corporation will receive $640,000.00 for renovations and upgrades, $224,000.00 for syndication fees, and $640,000.00 for the stock transaction. These amounts will be paid to the buyer at closing.

It's important to note that there may be other terms and conditions in the contract that are not explicitly stated in the information you provided. Additionally, it may be necessary to conduct due diligence on the property and the buyer before finalizing the transaction.

based on the above write a standard offer to purchase contract

ChatGPT As an AI language model, I can provide you with guidance on drafting a standard offer to purchase contract based on the information you provided. However, please note that this is not a substitute for legal advice, and you should consult with a licensed attorney for assistance in drafting a contract. Here's an example of a standard offer to purchase contract based on the information provided: OFFER TO PURCHASE CONTRACT This Offer to Purchase Contract ("Contract") is made on [Date] by and between [Seller Name] ("Seller"), and Global Robotics Corporation ("Buyer"). Property Information: The property being purchased is located at 5977 Spout Springs Road Flowery Branch GA 30542 (the "Property"). Purchase Price: The total purchase price for the Property shall be $4,704,000.00. The purchase price includes a down payment of $640,000.00, which shall be paid by the Buyer in the form of shares of Global Robotics Corporation Stock valued at 20% of the last listed cash price. The par value of each share of stock shall be $1.00. Subject to Financing Approval: This offer is subject to the Buyer obtaining financing for the purchase of the Property within [number of days] days from the date of acceptance of this offer by the Seller. Maintaining the Property: The Seller represents and warrants that they have maintained the Property and furnishings in good order since the first offer in 2021. The Buyer acknowledges and agrees that the Property and furnishings are in good condition. Closing Costs: The Seller shall pay all closing costs associated with the transfer of ownership of the Property. Seller's Proceeds: The Seller shall receive $3,000,000.00 at closing. Buyer's Proceeds: The Buyer shall receive $640,000.00 for renovations and upgrades, $224,000.00 for syndication fees, and $640,000.00 for the stock transaction, all of which shall be paid at closing. Closing: The closing of this transaction shall take place on or before [date], unless extended by mutual agreement of the parties. Contingencies: This Contract is contingent upon the Buyer's satisfaction with the results of their due diligence investigations of the Property, including but not limited to title, environmental, and zoning matters. Governing Law: This Contract shall be governed by the laws of the State of [State]. Entire Agreement: This Contract constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements between them, whether oral or written. Execution: This Contract may be executed in counterparts and by facsimile or electronic transmission, and each counterpart shall be deemed an original. IN WITNESS WHEREOF, the parties have executed this Contract as of the date first above written. [Seller Name] Seller's Signature Global Robotics Corporation Buyer's Signature Date: Date: By signing below, the parties acknowledge and agree to the terms and conditions of this Contract.

make a YouTube video script using the above information

ChatGPT Sure, here's an example YouTube video script based on the above information: Title: Real Estate Contract Example: How to Draft an Offer to Purchase Contract Intro: Hello and welcome to our video on how to draft an offer to purchase contract. Today we will use a real estate contract example to show you the key components of such a contract. Body: Let's take a look at a real estate contract example based on the information provided. First, it's important to identify the parties involved. In this example, the seller is represented by [Seller Name], and the buyer is Global Robotics Corporation. Next, we need to identify the property being purchased. In this case, the property is located at 5977 Spout Springs Road Flowery Branch GA 30542. The total purchase price for the property is $4,704,000.00, which includes a down payment of $640,000.00, paid in the form of Global Robotics Corporation Stock at a par value of $1 each share. This will be valued at 20% of the last listed cash price. The offer is subject to financing approval, which means that the buyer must obtain financing for the purchase of the property within a certain number of days from the date of acceptance by the seller. The seller represents and warrants that they have maintained the property and furnishings in good order since the first offer in 2021. The buyer acknowledges and agrees that the property and furnishings are in good condition. The seller shall pay all closing costs associated with the transfer of ownership of the property. The seller shall receive $3,000,000.00 at closing, while the buyer shall receive $640,000.00 for renovations and upgrades, $224,000.00 for syndication fees, and $640,000.00 for the stock transaction, all of which shall be paid at closing. The closing of this transaction shall take place on or before a specified date, unless extended by mutual agreement of the parties. The contract is contingent upon the buyer's satisfaction with the results of their due diligence investigations of the property, including but not limited to title, environmental, and zoning matters. Finally, the contract shall be governed by the laws of the state in which the property is located, and constitutes the entire agreement between the parties. Conclusion: That's it for our real estate contract example. Remember, it's important to consult with a licensed attorney for assistance in drafting a contract, as the laws governing real estate transactions can be complex. Thank you for watching and don't forget to subscribe for more helpful content.

We will revise the contract in these ways. The seller is "LRG-5977 Spout Springs Road LLC", The buyer is "Global Robotics Corporation" , date: 04/25/2023. Purchase price will be $4,000,000.00 USD.

ChatGPT Sure, here's an updated version of the offer to purchase contract based on the revised information: OFFER TO PURCHASE CONTRACT This Offer to Purchase Contract ("Contract") is made on April 25, 2023 by and between LRG-5977 Spout Springs Road LLC ("Seller"), and Global Robotics Corporation ("Buyer"). Property Information: The property being purchased is located at 5977 Spout Springs Road Flowery Branch GA 30542 (the "Property"). Purchase Price: The total purchase price for the Property shall be $4,000,000.00 USD. Subject to Financing Approval: This offer is subject to the Buyer obtaining financing for the purchase of the Property within [number of days] days from the date of acceptance of this offer by the Seller. Maintaining the Property: The Seller represents and warrants that they have maintained the Property and furnishings in good order since the first offer in 2021. The Buyer acknowledges and agrees that the Property and furnishings are in good condition. Closing Costs: The Seller shall pay all closing costs associated with the transfer of ownership of the Property. Seller's Proceeds: The Seller shall receive $3,000,000.00 USD at closing. Buyer's Proceeds: The Buyer shall receive $640,000.00 USD for renovations and upgrades, $224,000.00 USD for syndication fees, and $640,000.00 USD for the stock transaction, all of which shall be paid at closing. Closing: The closing of this transaction shall take place on or before [date], unless extended by mutual agreement of the parties. Contingencies: This Contract is contingent upon the Buyer's satisfaction with the results of their due diligence investigations of the Property, including but not limited to title, environmental, and zoning matters. Governing Law: This Contract shall be governed by the laws of the State of Georgia. Entire Agreement: This Contract constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements between them, whether oral or written. Execution: This Contract may be executed in counterparts and by facsimile or electronic transmission, and each counterpart shall be deemed an original. IN WITNESS WHEREOF, the parties have executed this Contract as of the date first above written. LRG-5977 Spout Springs Road LLC Seller's Signature Global Robotics Corporation Buyer's Signature Date: Date: By signing below, the parties acknowledge and agree to the terms and conditions of this Contract.

We will revise the contract in these ways. New Contract. The seller is "LRG-5977 Spout Springs Road LLC", The buyer is "Global Robotics Corporation" , date: 04/25/2023. Purchase price will be $4,000,000.00 USD. A down payment of 25% or 1,000,000 shares will be issued in the form of "Global Robotics Corporation" corporate stock with a par value of $1.00 each and $3,000,000.00 both due at closing. The buyer will receive $800,000.00 for renovations based on 20% APR and $200,000.00 for Syndication fees. Refer to previous contracts for format.

ChatGPT Sure, here's an updated version of the offer to purchase contract based on the revised information: OFFER TO PURCHASE CONTRACT This Offer to Purchase Contract ("Contract") is made on April 25, 2023 by and between LRG-5977 Spout Springs Road LLC ("Seller"), and Global Robotics Corporation ("Buyer"). Property Information: The property being purchased is located at 5977 Spout Springs Road Flowery Branch GA 30542 (the "Property"). Purchase Price: The total purchase price for the Property shall be $4,000,000.00 USD. Down Payment: The Buyer shall issue a down payment of 25% of the purchase price, or 1,000,000 shares of Global Robotics Corporation corporate stock with a par value of $1.00 each. The stock will be valued at the last listed cash price. The remaining balance of $3,000,000.00 USD shall be due at closing. Renovations and Syndication Fees: The Buyer shall receive $800,000.00 USD for renovations at a 20% APR, and $200,000.00 USD for syndication fees. These amounts shall be paid at closing. Subject to Financing Approval: This offer is subject to the Buyer obtaining financing for the purchase of the Property within [number of days] days from the date of acceptance of this offer by the Seller. Maintaining the Property: The Seller represents and warrants that they have maintained the Property and furnishings in good order since the first offer in 2021. The Buyer acknowledges and agrees that the Property and furnishings are in good condition. Closing Costs: The Seller shall pay all closing costs associated with the transfer of ownership of the Property. Seller's Proceeds: The Seller shall receive $3,000,000.00 USD at closing. Buyer's Proceeds: The Buyer shall receive $800,000.00 USD for renovations, $200,000.00 USD for syndication fees, and the remaining balance of the purchase price, all of which shall be paid at closing. Closing: The closing of this transaction shall take place on or before [date], unless extended by mutual agreement of the parties. Contingencies: This Contract is contingent upon the Buyer's satisfaction with the results of their due diligence investigations of the Property, including but not limited to title, environmental, and zoning matters. Governing Law: This Contract shall be governed by the laws of the State of Georgia. Entire Agreement: This Contract constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements between them, whether oral or written. Execution: This Contract may be executed in counterparts and by facsimile or electronic transmission, and each counterpart shall be deemed an original. IN WITNESS WHEREOF, the parties have executed this Contract as of the date first above written. LRG-5977 Spout Springs Road LLC Seller's Signature Global Robotics Corporation Buyer's Signature Date: Date: By signing below, the parties acknowledge and agree to the terms and conditions of this Contract.