The San Bernardino California Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is a legally binding document that outlines the terms and conditions for the sale of a residential property in San Bernardino, California. This agreement is specifically designed for transactions where there is no involvement of a real estate broker or agent. The purpose of this agreement is to protect the rights and interests of both the buyer and the seller throughout the real estate transaction process. It defines the responsibilities and obligations of each party, ensuring that the sale proceeds smoothly and legally. There are various types of San Bernardino California Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreements, depending on the specific requirements of the parties involved. These may include: 1. Standard Residential Home Sale Agreement: This is the most common type of agreement used in San Bernardino, California, for the sale and purchase of a residential property without the involvement of a broker. It includes general terms and conditions that apply to most residential real estate transactions. 2. As-Is Residential Home Sale Agreement: This agreement is used when the seller is selling the property in its present condition, without making any repairs or improvements. The buyer acknowledges that they are purchasing the property "as is" and agrees to take on any repairs or maintenance needed. 3. Contingency Residential Home Sale Agreement: This type of agreement includes specific contingencies that must be met for the sale to proceed. For example, the agreement may state that the sale is contingent upon the buyer obtaining a satisfactory home inspection report or securing financing. 4. Lease-Purchase Residential Home Sale Agreement: This agreement combines elements of a lease and a purchase agreement. It allows the buyer to lease the property for a specified period with an option to purchase the property at a later date. Regardless of the specific type, all San Bernardino California Contracts for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreements should include essential information such as the property description, purchase price, earnest money deposit, closing date, and any applicable contingencies. It is important for both the buyer and the seller to consult with a real estate attorney or seek professional advice before entering into any contract to ensure that their interests are protected and that they comply with all applicable laws and regulations.
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.