Search In Legal Florida Offer To Purchase Forms For Free

To be a legally valid contract, a Florida real estate contract must include the following 4 essential elements: There must be mutual assent between the parties to enter the contract. The contract must contain a valid offer and acceptance of the offer. There must be adequate consideration (the exchange of items of value ...

A binding legal agreement outlining key details of the home sale transaction, a real estate purchase agreement for a house may also be referred to as a real estate sales contract, home purchase agreement, real estate purchase contract or house purchase agreement.

At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.

In Florida, the contract used to submit offers is commonly the [?AS IS? Residential Contract for Sale and Purchase] template which is approved by the Florida Realtors and the Florida Bar.

'As Is' residential contracts give the buyer 15 days to complete an inspection of the property. If the inspection reveals that repairs are necessary, they can usually ask the seller to lower the sale price or give a credit at closing to cover the cost. The seller has the right to refuse the requests.

A Florida rent-to-own lease agreement allows the tenant an option to purchase the property under pre-determined terms. Similar to a standard lease, the landlord will request a financial background check on the tenant. If approved, the landlord will sign a lease and establish the terms for purchasing the property.