Make Legal South Carolina Commercial Property Sale Forms For Free

Define how the buyer will pay for the sale, how many payment installments are involved, when they'll transfer the funds, and any other financial details. Also, include any possible brokers and a clause about how you'll resolve payment disputes.

Purchase Agreement Contract. A purchase agreement is the most common real estate contract. Also known as a sales contract, this binding document is between two parties, the property buyer and property seller, to transfer a specific property under certain conditions.

One common type of clause is an inspection contingency. This allows the buyer to perform a thorough inspection of the property before finalizing the sale. Another type is a financing contingency. This specifies that the sale is contingent upon the buyer securing financing within a certain timeframe.

It means that when you purchase a home, you're buying it as is. The fine print in the contract states that no matter the condition of the property, you understand that you are purchasing the home as is. Once you are officially under contract as a buyer, I always suggest getting all your inspections completed.

These conditions will include the closing date, purchase price, financing terms, and expiration date by which both parties must agree to the conditions. Ownership of the property can only be transferred legally if both the seller and buyer agree to the prescribed terms and sign the contract.

The most common residential offer form in North Carolina is the ?Offer to Purchase and Contract? (Form No. 2-T), jointly approved by the N.C. Bar Association and NC REALTORS®.