Don’t List It If
Ain’t a Smoking Deal!
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Three photos. Fewer than 100 words. A clear asking price.
72-hour hold agreement (draft)
Buyer: __________ Seller: __________ Listing ID: __________
Identify the asset by property address and legal description, vehicle VIN, or boat hull identification number, as applicable. Listed price: __________. Buyer hold fee (the greater of $5.00 or 1% of the listed price): __________. Seller listing fee (2%): __________.
After both parties sign and payment is confirmed, the buyer has the exclusive opportunity to complete the purchase paperwork for 72 consecutive hours. During that period, the seller agrees to keep the listing Pending and refrain from accepting another offer or selling the asset to another buyer.
Start (date, time, zone): __________. Expiration (72 hours later): __________. If the parties complete the sale, mark the listing Sold. If the hold expires without a completed sale or written extension, release the hold and return the listing to Available.
The hold gives the buyer time to complete due diligence and sign the applicable purchase, title, registration, or closing documents. Ownership transfers only through the applicable final paperwork.
If the sale closes, the buyer’s hold fee is returned in full. Only the seller pays a marketplace fee. If the buyer withdraws, the hold ends and the listing returns to Available. The seller receives 50% of the hold fee and Smoking Deal Market retains 50% for administration. If the fee cannot be split evenly to the cent, the seller receives the extra cent.
Before signing, agree on how the hold fee will be handled if the seller cancels or the hold expires without either party withdrawing: __________.
Buyer signature and date: __________ Seller signature and date: __________
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