This is an official Washington form for use in land transactions, a Real Estate Contract [Long Form] (with individual and representative acknowledgments). Available in Word and Rich Text format.
Everett Washington Real Estate Contract — Long For— - with Individual and Representative Acknowledgments: The Everett Washington Real Estate Contract — Long For— - with Individual and Representative Acknowledgments is a legally binding document that defines the terms and conditions of buying or selling real estate in the city of Everett, Washington. This comprehensive contract outlines the obligations, rights, and expectations of both the buyer and the seller involved in the transaction. Key Features and Components: 1. Property Information: This section includes details about the property being bought or sold, such as the address, legal description, and parcel number. It also highlights any fixtures or personal property included in the sale. 2. Purchase Price and Financing: The agreement outlines the agreed-upon purchase price for the property, including any earnest money deposit and the desired closing date. It may also include provisions for financing, if applicable. 3. Contingencies and Inspections: This section specifies any contingencies that must be fulfilled for the contract to proceed, such as satisfactory home inspections, appraisal, or loan approval. It also determines the timeframe within which these contingencies need to be met. 4. Title and Escrow: This part of the contract explains the process for conveying clear title to the buyer and how the escrow will be handled. It includes provisions for title insurance and outlines the responsibilities and costs associated with title searches, surveys, and other relevant documents. 5. Representations and Disclosures: The contract requires the seller to disclose any known material defects or issues with the property. It also ensures that the buyer acknowledges and accepts the property "as is" or specifies the repairs and remedies to be completed before closing. 6. Closing and Possession: This section outlines the procedure for the final closing of the transaction, including the allocation of closing costs and prorated taxes. It also clarifies when possession of the property will be transferred to the buyer. 7. Default and Remedies: In the event of a breach or default by either party, this section delineates the remedies available to the non-defaulting party, such as the right to seek damages or specific performance. Types of Everett Washington Real Estate Contract — Long For— - with Individual and Representative Acknowledgments: 1. Residential Real Estate Contract: Specifically designed for buying or selling residential properties, such as single-family homes, townhouses, or condominiums within the Everett, Washington area. 2. Commercial Real Estate Contract: This type of contract is tailored for commercial properties, including office buildings, retail spaces, industrial sites, or vacant land, located in Everett, Washington. 3. Multi-Family Real Estate Contract: This form is used when buying or selling properties with multiple residential units, such as duplexes, triplexes, or apartment buildings, within the Everett, Washington market. It is important to note that these contract variations may share similarities in structure, but the specific terms, conditions, and clauses may differ depending on the nature of the real estate transaction. Consulting with a qualified real estate professional and legal advisor is essential for navigating and understanding the nuances of these documents.Everett Washington Real Estate Contract — Long For— - with Individual and Representative Acknowledgments: The Everett Washington Real Estate Contract — Long For— - with Individual and Representative Acknowledgments is a legally binding document that defines the terms and conditions of buying or selling real estate in the city of Everett, Washington. This comprehensive contract outlines the obligations, rights, and expectations of both the buyer and the seller involved in the transaction. Key Features and Components: 1. Property Information: This section includes details about the property being bought or sold, such as the address, legal description, and parcel number. It also highlights any fixtures or personal property included in the sale. 2. Purchase Price and Financing: The agreement outlines the agreed-upon purchase price for the property, including any earnest money deposit and the desired closing date. It may also include provisions for financing, if applicable. 3. Contingencies and Inspections: This section specifies any contingencies that must be fulfilled for the contract to proceed, such as satisfactory home inspections, appraisal, or loan approval. It also determines the timeframe within which these contingencies need to be met. 4. Title and Escrow: This part of the contract explains the process for conveying clear title to the buyer and how the escrow will be handled. It includes provisions for title insurance and outlines the responsibilities and costs associated with title searches, surveys, and other relevant documents. 5. Representations and Disclosures: The contract requires the seller to disclose any known material defects or issues with the property. It also ensures that the buyer acknowledges and accepts the property "as is" or specifies the repairs and remedies to be completed before closing. 6. Closing and Possession: This section outlines the procedure for the final closing of the transaction, including the allocation of closing costs and prorated taxes. It also clarifies when possession of the property will be transferred to the buyer. 7. Default and Remedies: In the event of a breach or default by either party, this section delineates the remedies available to the non-defaulting party, such as the right to seek damages or specific performance. Types of Everett Washington Real Estate Contract — Long For— - with Individual and Representative Acknowledgments: 1. Residential Real Estate Contract: Specifically designed for buying or selling residential properties, such as single-family homes, townhouses, or condominiums within the Everett, Washington area. 2. Commercial Real Estate Contract: This type of contract is tailored for commercial properties, including office buildings, retail spaces, industrial sites, or vacant land, located in Everett, Washington. 3. Multi-Family Real Estate Contract: This form is used when buying or selling properties with multiple residential units, such as duplexes, triplexes, or apartment buildings, within the Everett, Washington market. It is important to note that these contract variations may share similarities in structure, but the specific terms, conditions, and clauses may differ depending on the nature of the real estate transaction. Consulting with a qualified real estate professional and legal advisor is essential for navigating and understanding the nuances of these documents.
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.
