This is a generic form for the sale of residential real estate. Please check your state=s law regarding the sale of residential real estate to insure that no deletions or additions need to be made to the form. This form has a contingency that the Buyers= mortgage loan be approved. A possible cap is placed on the amount of closing costs that the Sellers will have to pay. Buyers represent that they have inspected and examined the property and all improvements and accept the property in its "as is" and present condition.
The Miami-Dade Florida Agreement for the Sale and Purchase of Residential Real Estate, also known as the Miami-Dade Residential Purchase Agreement, is a legal document used to formalize the sale of residential properties within Miami-Dade County in Florida. It serves as a detailed contract between the buyer and seller, outlining the terms and conditions of the transaction. This agreement includes various clauses and provisions that protect the rights and interests of both parties involved in the real estate transaction. Some key elements covered in the Miami-Dade Florida Agreement for the Sale and Purchase of Residential Real Estate are: 1. Parties Involved: The agreement clearly identifies the buyer and seller, including their legal names, addresses, and contact information. 2. Property Description: The agreement provides a detailed description of the residential property, including its address, legal description, lot size, and any additional structures or amenities. 3. Purchase Price: This section lays out the agreed-upon purchase price for the property. It may include information regarding the initial deposit amount and the terms of subsequent payments. 4. Financing Terms: If the buyer requires financing to complete the purchase, this section details the type of loan, interest rate, loan term, and any applicable contingencies related to securing the financing. 5. Title and Closing: The agreement addresses the condition of the property's title and outlines the steps involved in the closing process, such as when and where the closing will take place and who will be responsible for associated closing costs. 6. Due Diligence Period: This clause provides a specified time for the buyer to conduct inspections, obtain necessary permits, or conduct any other investigations related to the property's condition, potential liens, or other factors that may affect the buyer's decision to proceed with the purchase. 7. Disclosures: The agreement requires the seller to disclose any known defects, damages, or other material facts about the property. This section may include information related to environmental hazards, past repairs or renovations, or outstanding liens, among others. 8. Contingencies and Terms: This section outlines any specific contingencies or conditions that must be met for the sale to proceed, such as the satisfactory outcome of inspections, appraisal, or the buyer securing suitable insurance coverage. 9. Default and Remedies: The agreement defines the consequences in case of default by either party, including potential remedies or penalties. 10. Additional Provisions: The Miami-Dade Florida Agreement for the Sale and Purchase of Residential Real Estate may also include additional clauses or provisions that address specific needs or requirements of the buyer or seller. It's important to note that while the Miami-Dade Florida Agreement for the Sale and Purchase of Residential Real Estate is a standard document, it is highly recommended for both parties to consult with a real estate attorney or licensed realtor to ensure that all legal requirements and specific needs are met.The Miami-Dade Florida Agreement for the Sale and Purchase of Residential Real Estate, also known as the Miami-Dade Residential Purchase Agreement, is a legal document used to formalize the sale of residential properties within Miami-Dade County in Florida. It serves as a detailed contract between the buyer and seller, outlining the terms and conditions of the transaction. This agreement includes various clauses and provisions that protect the rights and interests of both parties involved in the real estate transaction. Some key elements covered in the Miami-Dade Florida Agreement for the Sale and Purchase of Residential Real Estate are: 1. Parties Involved: The agreement clearly identifies the buyer and seller, including their legal names, addresses, and contact information. 2. Property Description: The agreement provides a detailed description of the residential property, including its address, legal description, lot size, and any additional structures or amenities. 3. Purchase Price: This section lays out the agreed-upon purchase price for the property. It may include information regarding the initial deposit amount and the terms of subsequent payments. 4. Financing Terms: If the buyer requires financing to complete the purchase, this section details the type of loan, interest rate, loan term, and any applicable contingencies related to securing the financing. 5. Title and Closing: The agreement addresses the condition of the property's title and outlines the steps involved in the closing process, such as when and where the closing will take place and who will be responsible for associated closing costs. 6. Due Diligence Period: This clause provides a specified time for the buyer to conduct inspections, obtain necessary permits, or conduct any other investigations related to the property's condition, potential liens, or other factors that may affect the buyer's decision to proceed with the purchase. 7. Disclosures: The agreement requires the seller to disclose any known defects, damages, or other material facts about the property. This section may include information related to environmental hazards, past repairs or renovations, or outstanding liens, among others. 8. Contingencies and Terms: This section outlines any specific contingencies or conditions that must be met for the sale to proceed, such as the satisfactory outcome of inspections, appraisal, or the buyer securing suitable insurance coverage. 9. Default and Remedies: The agreement defines the consequences in case of default by either party, including potential remedies or penalties. 10. Additional Provisions: The Miami-Dade Florida Agreement for the Sale and Purchase of Residential Real Estate may also include additional clauses or provisions that address specific needs or requirements of the buyer or seller. It's important to note that while the Miami-Dade Florida Agreement for the Sale and Purchase of Residential Real Estate is a standard document, it is highly recommended for both parties to consult with a real estate attorney or licensed realtor to ensure that all legal requirements and specific needs are met.
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.
