South Dakota Contrato de Compraventa de Bienes Raíces - Sin Corredor - Lote o Terreno Residencial - Contract for the Sale and Purchase of Real Estate - No Broker - Residential Lot or Land

• Category: Bienes Raíces - Contratos - Terrenos o Lotes
• State: Multi-State
• Control #: US-00472B
• Format: Word

Description

This form should be used for the sale of a residential lot or land. The South Dakota Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land is a legal document that outlines the terms and conditions for the sale and purchase of residential lots or land in South Dakota without the involvement of a real estate broker. This contract is specifically designed for transactions involving residential lots or land and provides a comprehensive framework to protect both the buyer and seller's interests throughout the process. Some key elements covered in this contract include: 1. Parties Involved: The contract identifies the buyer(s) and seller(s) involved in the transaction, including their legal names and contact information. 2. Property Details: The contract delineates the specific details of the residential lot or land being sold, including its legal description, lot number, parcel number, and any existing improvements or features on the property. 3. Purchase Price and Payment Terms: The contract stipulates the agreed-upon purchase price for the property and outlines the payment terms, such as the initial deposit amount, the timeline for additional payments, and any applicable financing arrangements. 4. Contingencies and Due Diligence: The contract may include contingencies for the buyer's ability to obtain financing, conduct inspections, and perform other necessary due diligence on the property. These contingencies ensure that the buyer has the option to withdraw from the contract if certain conditions are not met. 5. Closing Date and Closing Costs: The contract establishes the closing date, which is when the legal transfer of ownership takes place. It also addresses the allocation of closing costs, such as title insurance, recording fees, or any other fees associated with the transfer of the property. It's important to note that while this description outlines the general elements of the South Dakota Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land, there may be various types or customized versions of this contract. These variations can occur based on specific property characteristics or unique contractual arrangements agreed upon by the parties involved.

The South Dakota Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land is a legal document that outlines the terms and conditions for the sale and purchase of residential lots or land in South Dakota without the involvement of a real estate broker. This contract is specifically designed for transactions involving residential lots or land and provides a comprehensive framework to protect both the buyer and seller's interests throughout the process. Some key elements covered in this contract include: 1. Parties Involved: The contract identifies the buyer(s) and seller(s) involved in the transaction, including their legal names and contact information. 2. Property Details: The contract delineates the specific details of the residential lot or land being sold, including its legal description, lot number, parcel number, and any existing improvements or features on the property. 3. Purchase Price and Payment Terms: The contract stipulates the agreed-upon purchase price for the property and outlines the payment terms, such as the initial deposit amount, the timeline for additional payments, and any applicable financing arrangements. 4. Contingencies and Due Diligence: The contract may include contingencies for the buyer's ability to obtain financing, conduct inspections, and perform other necessary due diligence on the property. These contingencies ensure that the buyer has the option to withdraw from the contract if certain conditions are not met. 5. Closing Date and Closing Costs: The contract establishes the closing date, which is when the legal transfer of ownership takes place. It also addresses the allocation of closing costs, such as title insurance, recording fees, or any other fees associated with the transfer of the property. It's important to note that while this description outlines the general elements of the South Dakota Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land, there may be various types or customized versions of this contract. These variations can occur based on specific property characteristics or unique contractual arrangements agreed upon by the parties involved.

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.