Purchase & Sale Agreement
2478 W 4700 S
Rexburg, ID 83440 · Madison County · Home on 5 Acres
$715,000
Offer Price
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2478 W 4700 S
Rexburg, ID 83440 · Madison County
The Parties
Buyer & Representation
Buyer
Justin Kulkis
& Breanne Williams
& Breanne Williams
OccupancyPrimary Residence
Loan StatusHas Applied
1031 ExchangeNo
Buyer's AgentJordan Wilson · eXp Realty
Your Side
Smith Robinson
Real Estate Two70
Real Estate Two70
Listing BrokerageReal Estate Two70
Listing AgentsRick Robinson & Grant Smith
Title & ClosingAmeriTitle · Rigby, ID
Questions?Rick · (208) 360-4688
Financial Breakdown
How the Deal is Structured
Purchase Price
$715,000
Seven Hundred Fifteen Thousand Dollars
Earnest Money
$5,000
Personal check · Held by closing company
Due within 3 business days of acceptance
Due within 3 business days of acceptance
New Loan
$680,000
Conventional · 30-year
Max interest rate: 7.5%
Max interest rate: 7.5%
Cash at Closing
$30,000
Approximate funds due from buyers
No third-party non-lender source
No third-party non-lender source
Down Payment
~5%
$35,000 total (earnest + cash to close)
Loan application already submitted
Loan application already submitted
Seller Concession
2% · $14,300
You'd credit 2% of the price toward the buyers' closing costs at closing — bringing your effective price to $700,700
Boundary Agreement Required
Section 5 · Special Terms
The 5-Acre Boundary Must Be Agreed On
The Term
The sale is subject to buyer and seller agreeing on the boundary of the 5 acres included with the home
If No Agreement Is Reached
Earnest money returned to buyers in full
Legal Description
To be added at a later date, once the boundary is set
Survey
Paid by seller — this establishes the new boundary line
Also Worth Knowing
This offer is NOT contingent on the buyers selling another property
Contingency Deadline
All contingencies must be resolved 7 days before closing
Key Dates & Deadlines
Critical Timeline
July 16, 2026
Offer Received
Purchase and Sale Agreement signed by both buyers. Earnest money due within 3 business days of acceptance.
July 19, 2026 · 3:00 PM
Acceptance Deadline
This offer expires if not accepted by 3:00 PM Mountain on Sunday. After that, the buyers are no longer obligated to the offer.
Within 5 Business Days
Primary Inspection
Buyers complete their general inspection of the property and provide written notice of any disapproved items.
Within 6 Business Days
Title Commitment
You furnish the preliminary title commitment through AmeriTitle (Rigby). Buyers then have 2 business days to object.
Within 10 Business Days
Well & Septic Testing
Well water potability + productivity tests and septic inspection + pumping. You order and pay for these under this offer.
Within 10 Business Days
Lender Approval Confirmation
Buyers furnish written confirmation of lender approval: credit report, income verification, debt ratios, and sufficient funds. They've already applied.
7 Days Before Closing
Contingency Deadline
All contingencies — including the boundary agreement — must be satisfied, removed, or exercised. Failure to act constitutes unconditional waiver.
On or Before August 31, 2026
Closing Date
Closing at AmeriTitle, Rigby. Possession and keys transfer to the buyers upon closing. Taxes and utilities prorated as of closing day.
What's Included
Items Conveying with the Property
Kitchen Appliances
Basement Refrigerator
All Attached Fixtures & Standard Items (per contract)
Excluded: Seller's Personal Property
Additional Details
Key Contract Terms
Title CompanyAmeriTitle (Rigby)
Owner's Title InsuranceBuyer Pays (Usually a Seller Cost)
Lender's Title PolicyBuyer Pays
Additional Title CoverageShared Equally
Closing Escrow FeeShared Equally
Appraisal & Lender FeesBuyer Pays
Well Tests (Potability + Productivity)Seller Pays & Orders
Septic Inspection & PumpingSeller Pays & Orders
SurveySeller Pays
Water Rights Transfer FeeSeller Pays
Seller Concession2% of Price ($14,300)
Buyer's Brokerage Compensation3% of Final Sales Price
Contingent on Buyers Selling a HomeNo
PossessionUpon Closing
Lead-Based PaintPre-1978 Home · Buyers Waived Testing
Agent DisclosureOne Buyer Is Related to Their Agent
Buyer Intends to OccupyYes — Primary Residence
1031 ExchangeNo