A Real Estate Contract is a legally binding agreement between a buyer and seller of a piece of property. It sets forth the terms of the sale, including the purchase price, any financing terms, and any other conditions that must be met before the sale can be finalized. It also outlines the responsibilities of both parties throughout the process of the sale. There are several types of Real Estate Contracts, including Purchase Agreements, Lease Agreements, Option Contracts, and Closing Agreements. Purchase Agreements outline the terms of the sale and are generally used for residential properties. Lease Agreements are used to rent a property, usually on a long-term basis. Option Contracts allow a buyer to purchase a property at a later date, with the option to cancel the contract if certain conditions aren't met. Closing Agreements are used to finalize the sale of a property and transfer the title and ownership of the property from the seller to the buyer.
Real Estate Contract
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