Selling Real Estate Contracts are fundamental documents in U.S. property transactions, essential for both residential and commercial real estate transfers. These contracts serve as the primary legal instrument documenting the agreement between buyers and sellers, incorporating all necessary terms, conditions, and state-specific requirements. They are designed to protect all parties involved while ensuring compliance with applicable federal and state regulations. The contract typically includes property details, purchase price, closing conditions, contingencies, and required disclosures. When properly executed, these contracts create legally enforceable obligations and rights for all parties involved in the real estate transaction.
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1. Parties: Identification of buyer and seller with full legal names and addresses
2. Background: Brief context of the transaction and property description
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 including deposits
6. Closing: Date, location, and requirements for closing
7. Title and Deed: Requirements for clear title and deed transfer
8. Representations and Warranties: Standard seller and buyer declarations
9. Default and Remedies: Consequences of contract breach
1. Financing Contingency: Terms and conditions related to buyer obtaining necessary financing for the purchase
2. Inspection Contingency: Terms governing property inspection rights and procedures
3. Sale Contingency: Conditions related to buyer's need to sell existing property
4. Tenant Rights: Provisions regarding existing tenant arrangements and obligations
1. Schedule A - Property Disclosure Statement: Detailed disclosure of property condition and known defects
2. Schedule B - Title Report: Current title status and any encumbrances
3. Schedule C - Property Survey: Professional survey showing property boundaries and features
4. Schedule D - Environmental Reports: Environmental assessments and hazard reports
5. Schedule E - Fixture and Personal Property List: Itemized list of included and excluded items in sale
6. Schedule F - HOA Documents: Relevant homeowners association documents and regulations
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