This form is a Contract for the sale of real estate for use in Texas. It can be used for a cash sale, assumption or new loan buyer. The contract contains provisions common to a real estate transaction. No broker involved.
Collin Texas Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is a legally binding document used in Collin County, Texas, to facilitate the sale and purchase of residential properties without the involvement of a real estate broker. This agreement outlines the terms and conditions agreed upon between the seller and the buyer, ensuring a smooth transaction and protecting the rights and interests of both parties. Key features of the Collin Texas Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement include: 1. Property Details: The agreement starts by providing a detailed description of the property being sold, including its address, legal description, and any improvements or fixtures included in the sale. 2. Purchase Price: The agreement specifies the purchase price offered by the buyer and accepted by the seller. It may also include information on any deposit or earnest money submitted by the buyer as a sign of good faith. 3. Financing and Contingencies: If the buyer intends to obtain financing for the property purchase, the agreement may include provisions related to loan approvals, contingencies, and the timeline for securing a mortgage. These clauses protect the buyer in case they are unable to secure funding within the specified period. 4. Property Condition and Disclosures: The seller is required to disclose any known defects, damages, or environmental hazards present in the property. The agreement may include provisions for property inspections, warranties, and repairs, allowing the buyer to assess the condition of the property before completing the sale. 5. Closing and Title Transfer: The agreement outlines the closing date by which the transaction is expected to be completed. It also specifies the responsibilities of both parties regarding the payment of closing costs, title transfer, and the delivery of possession of the property. 6. Default and Dispute Resolution: In the event of a breach of contract or any dispute between the parties, the agreement may include provisions for mediation, arbitration, or litigation to resolve the issue. Types of Collin Texas Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement may include variations based on factors like: 1. Single-family Residential Purchase Agreement: Specifically designed for the sale and purchase of single-family homes. 2. Condominium Purchase Agreement: Tailored for the sale and purchase of condominium units. 3. Vacant Land Purchase Agreement: Used when buying and selling undeveloped land or lots. 4. Multi-Unit Residential Purchase Agreement: Applicable when purchasing properties with multiple residential units, such as duplexes, triplexes, or apartment buildings. It's important to consult with a qualified real estate attorney or professional to ensure that the Collin Texas Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is drafted accurately and meets all legal requirements specific to Collin County, Texas.Collin Texas Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is a legally binding document used in Collin County, Texas, to facilitate the sale and purchase of residential properties without the involvement of a real estate broker. This agreement outlines the terms and conditions agreed upon between the seller and the buyer, ensuring a smooth transaction and protecting the rights and interests of both parties. Key features of the Collin Texas Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement include: 1. Property Details: The agreement starts by providing a detailed description of the property being sold, including its address, legal description, and any improvements or fixtures included in the sale. 2. Purchase Price: The agreement specifies the purchase price offered by the buyer and accepted by the seller. It may also include information on any deposit or earnest money submitted by the buyer as a sign of good faith. 3. Financing and Contingencies: If the buyer intends to obtain financing for the property purchase, the agreement may include provisions related to loan approvals, contingencies, and the timeline for securing a mortgage. These clauses protect the buyer in case they are unable to secure funding within the specified period. 4. Property Condition and Disclosures: The seller is required to disclose any known defects, damages, or environmental hazards present in the property. The agreement may include provisions for property inspections, warranties, and repairs, allowing the buyer to assess the condition of the property before completing the sale. 5. Closing and Title Transfer: The agreement outlines the closing date by which the transaction is expected to be completed. It also specifies the responsibilities of both parties regarding the payment of closing costs, title transfer, and the delivery of possession of the property. 6. Default and Dispute Resolution: In the event of a breach of contract or any dispute between the parties, the agreement may include provisions for mediation, arbitration, or litigation to resolve the issue. Types of Collin Texas Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement may include variations based on factors like: 1. Single-family Residential Purchase Agreement: Specifically designed for the sale and purchase of single-family homes. 2. Condominium Purchase Agreement: Tailored for the sale and purchase of condominium units. 3. Vacant Land Purchase Agreement: Used when buying and selling undeveloped land or lots. 4. Multi-Unit Residential Purchase Agreement: Applicable when purchasing properties with multiple residential units, such as duplexes, triplexes, or apartment buildings. It's important to consult with a qualified real estate attorney or professional to ensure that the Collin Texas Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is drafted accurately and meets all legal requirements specific to Collin County, Texas.
