This form is a Contract for the sale of real estate for use in Connecticut. 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.
Stamford Connecticut Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is a legally binding agreement designed for individuals or parties interested in conducting a real estate transaction in Stamford, Connecticut, without involvement from a real estate broker. This agreement outlines the terms and conditions that both the buyer and seller must adhere to during the home sale process. The Stamford Connecticut Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement consists of various important clauses and sections, ensuring a transparent and smooth transaction for both parties involved. Some key sections that may be included in this agreement are: 1. Parties: This section identifies the buyer and seller, stating their full legal names, addresses, and contact information. 2. Property Details: This section includes a detailed description of the property being sold, such as the address, legal description, parcel number, and any fixtures or appliances included in the sale. 3. Purchase Price and Financing: The agreement specifies the agreed-upon purchase price and states how the buyer will finance the purchase, whether through cash, mortgage, or any other financing arrangement. 4. Deposit and Escrow: This section outlines the amount of the earnest money deposit, who will hold it in escrow, and the procedures for releasing the deposit in case of termination or completion of the sale. 5. Property Condition and Disclosures: This clause requires the seller to disclose any known defects, damages, or issues with the property, ensuring transparency for the buyer. 6. Inspections and Due Diligence: This section outlines the buyer's right to conduct inspections, surveys, and appraisals, and specifies the timeframe for completing these activities. 7. Closing and Settlement: This section sets a mutually agreed-upon closing date, stipulates the location for the closing, and identifies the party responsible for paying closing costs. 8. Contingencies and Amendments: The agreement may include contingencies, such as financing, home inspection, or the sale of the buyer's existing home, which must be met for the sale to proceed. Additionally, it details the process for making amendments to the agreement. 9. Default and Termination: This clause outlines the consequences in case of default by either party, including the remedies available and the procedures for terminating the agreement. Different types of Stamford Connecticut Contracts for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement may exist depending on factors such as specific property types (e.g., single-family homes, condominiums, townhouses), different financing arrangements, or unique provisions required by the parties involved. However, the core structure and essential sections mentioned above generally remain consistent across these agreements.Stamford Connecticut Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is a legally binding agreement designed for individuals or parties interested in conducting a real estate transaction in Stamford, Connecticut, without involvement from a real estate broker. This agreement outlines the terms and conditions that both the buyer and seller must adhere to during the home sale process. The Stamford Connecticut Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement consists of various important clauses and sections, ensuring a transparent and smooth transaction for both parties involved. Some key sections that may be included in this agreement are: 1. Parties: This section identifies the buyer and seller, stating their full legal names, addresses, and contact information. 2. Property Details: This section includes a detailed description of the property being sold, such as the address, legal description, parcel number, and any fixtures or appliances included in the sale. 3. Purchase Price and Financing: The agreement specifies the agreed-upon purchase price and states how the buyer will finance the purchase, whether through cash, mortgage, or any other financing arrangement. 4. Deposit and Escrow: This section outlines the amount of the earnest money deposit, who will hold it in escrow, and the procedures for releasing the deposit in case of termination or completion of the sale. 5. Property Condition and Disclosures: This clause requires the seller to disclose any known defects, damages, or issues with the property, ensuring transparency for the buyer. 6. Inspections and Due Diligence: This section outlines the buyer's right to conduct inspections, surveys, and appraisals, and specifies the timeframe for completing these activities. 7. Closing and Settlement: This section sets a mutually agreed-upon closing date, stipulates the location for the closing, and identifies the party responsible for paying closing costs. 8. Contingencies and Amendments: The agreement may include contingencies, such as financing, home inspection, or the sale of the buyer's existing home, which must be met for the sale to proceed. Additionally, it details the process for making amendments to the agreement. 9. Default and Termination: This clause outlines the consequences in case of default by either party, including the remedies available and the procedures for terminating the agreement. Different types of Stamford Connecticut Contracts for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement may exist depending on factors such as specific property types (e.g., single-family homes, condominiums, townhouses), different financing arrangements, or unique provisions required by the parties involved. However, the core structure and essential sections mentioned above generally remain consistent across these agreements.
