Indiana Contract for Sale (of Land)

State:
Multi-State
Control #:
US-OG-968
Format:
Word; 
Rich Text
Instant download

Description

This form is a contract for sale of land.
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FAQ

To be enforceable, a land sale contract must satisfy the Statute of Frauds, which generally requires that these contracts be in writing and signed by the parties. Note that this writing is apart from the instrument under which the actual transfer takes place, which is known as the ?deed.?

The As-Is does state that the seller is under no obligation, whatsoever to repair/correct any undisclosed defects found. That is plain and simple. By the way, ?undisclosed defects? means defects found that the seller has not already disclosed to all on the Indiana State Residential Real Estate Seller's Disclosure form.

A purchase order (PO) is a document sent from a purchaser to a vendor when ordering goods or services. It serves as a legal agreement between the two parties that states what will be delivered and what will be paid for.

Sec. 9.5. "Land contract" means a contract for the sale of real estate in which the seller of the real estate retains legal title to the real estate until the total contract price is paid by the buyer.

A purchase agreement is the final document used to transfer a property from the seller to the buyer, while a purchase and sale agreement specifies the terms of the transaction. Parties will sign a purchase agreement after both parties have complied with the terms of the purchase and sale agreement.

You do not need a reason to cancel Typically, you must notify the seller of your intent to cancel the transaction in writing, delivered either in person or by mail.

A straightforward sale in which title to property is granted in exchange for immediate payment of the full purchase price. A land contract in which the total purchase price is paid in a large down payment followed by monthly payments, with legal title transferred upon payment in full.

Indiana Real Estate Purchase Agreement A purchase and sale agreement is a very important and legally binding document that outlines the terms and conditions of the real estate contract that the buyer and the seller have both discussed and accepted.

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Indiana Contract for Sale (of Land)