The Massachusetts Contract for the Sale and Purchase of Real Estate NowNo Broke— - Seller Financing or All Cash — Residential is a legally binding agreement between a buyer and a seller for the sale and purchase of a residential property in Massachusetts. This contract is specifically designed for transactions that do not involve a real estate broker and can be used when the buyer intends to secure financing from the seller (Seller Financing) or pay for the property in cash (All Cash). The contract outlines the terms and conditions of the sale, including the purchase price, financing details (if applicable), and any contingencies or conditions that need to be met before the completion of the transaction. It is essential for both the buyer and seller to thoroughly understand and agree upon the terms before signing the contract. The Massachusetts Contract for the Sale and Purchase of Real Estate NowNo Broke— - Seller Financing or All Cash — Residential may include additional provisions depending on the specific circumstances of the transaction. For example, if a buyer requires a mortgage contingency, the contract will have a provision that allows the buyer to terminate the agreement if they fail to secure a mortgage within a specified timeframe. Alternatively, if the buyer intends to purchase the property in cash, there may be provisions in the contract regarding proof of funds or an option for an inspection contingency. It is crucial to note that every real estate transaction is unique, and there may be variations of the Massachusetts Contract for the Sale and Purchase of Real Estate NowNo Broke— - Seller Financing or All Cash — Residential depending on the individual requirements of the parties involved. It is advisable to consult with a real estate attorney or a professional familiar with Massachusetts real estate laws to ensure the contract accurately reflects the intentions and protects the interests of both the buyer and the seller.
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.