Sandy Springs, Georgia 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 and purchase of a residential property in Sandy Springs, Georgia, without the involvement of a real estate broker. This contract is designed to facilitate a transaction between the buyer and the seller directly, eliminating the need for a broker to negotiate on their behalf. By using this agreement, both parties can save on commission fees and have more control over the negotiation process. The Sandy Springs, Georgia Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement typically includes important details such as: 1. Identify the Parties: It will clearly state the full names and contact information of the buyer and the seller. 2. Property Description: A detailed description of the property being sold including the address, legal description, and any other relevant details like size or zoning. 3. Purchase Price and Deposit: The agreed-upon purchase price of the property, as well as the deposit amount that the buyer will pay to secure the purchase. It may also mention the form of payment for the deposit. 4. Financing and Contingencies: This section outlines whether the purchase is contingent upon the buyer obtaining financing or any other specific conditions that need to be satisfied before the sale can be completed. 5. Closing Costs: The allocation of closing costs between the buyer and the seller are clearly defined in this section, including who will pay for fees such as title insurance, inspections, or escrow expenses. 6. Inspections and Disclosures: The contract may state the buyer's right to inspect the property, and whether the seller is obliged to provide any disclosures regarding the property's condition, repairs, or any known defects. 7. Closing Date and Possession: The agreed-upon date of closing, when the transfer of ownership occurs, and possession term (to determine when the buyer can move in) are specified in this section. It is worth mentioning that there might be variations or additional clauses depending on the specific circumstances of the transaction. Different types of Sandy Springs Georgia Contracts for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement might include variations specific to factors such as short sales, foreclosures, or properties being sold "as-is." It is essential for both parties involved in a real estate transaction to thoroughly review and understand the contract before signing. Seeking legal advice or consulting with a real estate attorney is highly recommended ensuring compliance with local laws and protection of both buyer and seller's interests.
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.