This form is a Contract for the sale of real estate for use in California. It can be used for a cash sale, assumption or new loan buyer. The contract contains provisions common to a real estate transaction. No broker involved.
A Downey California Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is a legally binding agreement that outlines the terms and conditions between the seller and buyer of a residential property located in Downey, California. This contract serves as a crucial document in facilitating a smooth and transparent real estate transaction without involving any real estate brokers or agents. Key features of this contract include: 1. Parties: Clearly identifies the parties involved in the transaction, namely the seller and buyer, along with their full legal names, addresses, and contact information. 2. Property Details: Provides a comprehensive description of the residential property being sold, including the property address, legal description, and any additional improvements or structures included in the sale. 3. Purchase Price: Specifies the agreed upon purchase price for the property. The contract may detail whether the purchase price will be paid in a lump sum or in installments, including any down payment or earnest money deposit. 4. Financing and Contingencies: Outlines the buyer's financing arrangements, including whether they will obtain a mortgage or pay in cash. Additionally, it may include contingencies such as obtaining satisfactory financing or appraising the property at a certain value. 5. Closing Date and Location: Specifies the intended closing date for the transaction and the agreed-upon location where the closing will take place. 6. Title and Legal Requirements: Addresses the seller's obligation to deliver clear title to the property and provide necessary legal documentation, such as a warranty deed, upon the closing. 7. Inspections and Disclosures: May outline the seller's responsibility to provide the buyer with any necessary property disclosures, including details about known defects or issues. It may also allow the buyer the right to conduct inspections and request repairs if necessary. 8. Default and Remedies: Discusses the consequences and remedies if either party fails to fulfill their obligations under the contract, such as cancellation, liquidated damages, or specific performance. Different types of Downey California Contracts for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement may include variations specific to the type of property or unique circumstances of the transaction. These could include contracts for condominiums, townhouses, single-family homes, or agreements that incorporate specific clauses or addendums relating to contingencies, repairs, or negotiations. It is essential to carefully review the terms and conditions of any contract to ensure it aligns with the particular property and transaction requirements.A Downey California Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is a legally binding agreement that outlines the terms and conditions between the seller and buyer of a residential property located in Downey, California. This contract serves as a crucial document in facilitating a smooth and transparent real estate transaction without involving any real estate brokers or agents. Key features of this contract include: 1. Parties: Clearly identifies the parties involved in the transaction, namely the seller and buyer, along with their full legal names, addresses, and contact information. 2. Property Details: Provides a comprehensive description of the residential property being sold, including the property address, legal description, and any additional improvements or structures included in the sale. 3. Purchase Price: Specifies the agreed upon purchase price for the property. The contract may detail whether the purchase price will be paid in a lump sum or in installments, including any down payment or earnest money deposit. 4. Financing and Contingencies: Outlines the buyer's financing arrangements, including whether they will obtain a mortgage or pay in cash. Additionally, it may include contingencies such as obtaining satisfactory financing or appraising the property at a certain value. 5. Closing Date and Location: Specifies the intended closing date for the transaction and the agreed-upon location where the closing will take place. 6. Title and Legal Requirements: Addresses the seller's obligation to deliver clear title to the property and provide necessary legal documentation, such as a warranty deed, upon the closing. 7. Inspections and Disclosures: May outline the seller's responsibility to provide the buyer with any necessary property disclosures, including details about known defects or issues. It may also allow the buyer the right to conduct inspections and request repairs if necessary. 8. Default and Remedies: Discusses the consequences and remedies if either party fails to fulfill their obligations under the contract, such as cancellation, liquidated damages, or specific performance. Different types of Downey California Contracts for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement may include variations specific to the type of property or unique circumstances of the transaction. These could include contracts for condominiums, townhouses, single-family homes, or agreements that incorporate specific clauses or addendums relating to contingencies, repairs, or negotiations. It is essential to carefully review the terms and conditions of any contract to ensure it aligns with the particular property and transaction requirements.
