The Real Estate Contract To Sell A House is a fundamental document used in residential property transactions across the United States. It serves as the primary agreement governing the sale of a house, protecting both buyer and seller interests. This contract type is essential for documenting all aspects of the transaction, including price, terms, contingencies, and obligations of all parties. It must be tailored to comply with specific state requirements while adhering to federal regulations. The document is typically used when a property owner wishes to sell their residential property to a buyer, whether in a private sale or through real estate agents.
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1. Parties: Identification of buyer and seller with full legal names and addresses
2. Background: Context of the sale and basic property information
3. Definitions: Key terms used throughout the contract
4. Property Description: Detailed legal description of the property being sold
5. Purchase Price: Amount and payment terms for the property purchase
6. Closing Date: Specified date for completing the transaction
7. Title and Deed: Terms regarding property title transfer and deed requirements
8. Representations and Warranties: Statements of fact and promises made by both parties
9. Default and Remedies: Consequences and remedies if either party fails to perform
10. Governing Law: Specification of applicable state law governing the contract
1. Financing Contingency: Terms and conditions if purchase depends on buyer securing financing
2. Inspection Contingency: Terms regarding property inspection rights and timeframes
3. Sale of Existing Home Contingency: Terms if purchase depends on buyer selling their current home
4. HOA Provisions: Terms related to Homeowners Association if applicable
5. Property Management: Terms for interim property management if needed between contract and closing
1. Schedule A - Property Disclosure Statement: Seller's mandatory disclosure of property condition and known defects
2. Schedule B - Fixtures and Fittings List: Detailed inventory of items included and excluded from the sale
3. Schedule C - Title Search Results: Results of property title search and any identified encumbrances
4. Schedule D - Lead-Based Paint Disclosure: Mandatory disclosure for properties built before 1978
5. Schedule E - Inspection Reports: Results of any property inspections conducted
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