Florida Agreement for Sale — Residential is a legally binding document that outlines the terms and conditions of a real estate transaction between a seller and a buyer in the state of Florida. This agreement serves as a written contract that specifies the terms of sale, purchase price, contingencies, and other essential details related to the residential property being sold. Keywords: Florida, Agreement for Sale — Residential, real estate transaction, seller, buyer, terms and conditions, purchase price, contingencies, residential property. There are different types of Florida Agreements for Sale — Residential that may cater to specific circumstances and parties involved in the transaction. These include: 1. Standard Residential Agreement for Sale: This is the most common type of agreement used in residential real estate transactions in Florida. It includes the basic terms and conditions required to facilitate the sale, such as the purchase price, closing date, and financing details. 2. As-Is Residential Agreement for Sale: This type of agreement is used when the seller intends to sell the property in its current condition, without making any repairs or providing warranties for defects. Buyers need to conduct thorough inspections and accept the property in its present state. 3. Lease with Option to Purchase Agreement: This agreement allows the buyer to lease the property for a specific period with an option to purchase it at a predetermined price within the lease term. It provides flexibility to the buyer to test the property before committing to a full purchase. 4. Seller Financing Agreement for Sale: In this type of agreement, the seller acts as the lender and provides financing to the buyer instead of the buyer obtaining a traditional mortgage. The terms, interest rate, and repayment schedule are usually negotiated between the parties. 5. Land Contract Agreement for Sale: This agreement is used when the buyer agrees to make installment payments directly to the seller over an extended period until the full purchase price is paid. The buyer gains equitable interest in the property while the seller retains legal title until the final payment is made. It is important for both the seller and buyer to carefully review and understand the terms and conditions within the Florida Agreement for Sale — Residential before signing. Seeking legal advice or assistance from a real estate professional is highly recommended ensuring a smooth and satisfactory transaction.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.