A Basic Real Estate Contract is a legal document that outlines the terms of a real estate transaction. It outlines the rights, obligations, and responsibilities of the buyer and seller. The contract specifies the purchase price, closing date, and details of the property being sold. It also includes any contingencies that must be met before the transaction can be completed. There are two main types of Basic Real Estate Contracts: the Residential Real Estate Contract and the Commercial Real Estate Contract. The Residential Real Estate Contract is used when buying or selling a single-family home, condominium, or townhouse. The Commercial Real Estate Contract is used for the sale of commercial real estate such as office buildings, warehouses, or retail centers.
Basic Real Estate Contract
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