This form is a Contract for the sale of real estate for use in Florida. 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.
Description: The Hollywood Florida Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is a legally binding document that outlines the terms and conditions of the sale and purchase of a residential property in Hollywood, Florida, without the involvement of a real estate broker. This agreement is designed to protect the rights and interests of both the buyer and the seller in the transaction. Keywords: Hollywood Florida, Contract for Sale and Purchase, Real Estate, No Broker, Residential Home Sale Agreement There are three main types of Hollywood Florida Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement: 1. Standard Residential Home Sale Agreement: This agreement is the most common type used for the sale/purchase of a residential property in Hollywood, Florida. It includes all the essential terms and conditions, such as the purchase price, property description, closing date, and contingencies. 2. As-Is Residential Home Sale Agreement: This type of agreement is used when the property is being sold in its current condition, without any repairs or warranties from the seller. The buyer accepts the property "as-is" and cannot hold the seller responsible for any existing defects or issues after the closing. 3. Seller Financing Residential Home Sale Agreement: In cases where the seller is willing to finance a portion or the entire purchase price of the property, a Seller Financing Residential Home Sale Agreement is used. This agreement outlines the terms of the financing arrangement, including the interest rate, repayment terms, and any applicable penalties. Regardless of the type of agreement, each Hollywood Florida Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement should include the following key elements: 1. Parties involved: This section identifies the buyer and the seller, including their legal names and contact information. 2. Property description: It provides a detailed description of the property being sold, including the address, lot size, and any other relevant details that accurately identify the property. 3. Purchase price: The agreement should clearly state the agreed-upon purchase price for the property and the currency used. 4. Closing and possession: It specifies the date of closing, at which point ownership of the property is transferred from the seller to the buyer. It also outlines when the buyer will take possession of the property. 5. Contingencies: This section outlines any conditions that must be met before the sale can be completed, such as obtaining financing or satisfactory inspection reports. 6. Disclosures: The agreement should address any required disclosures by the seller regarding the property's condition, including known defects or boundary disputes. 7. Earnest money deposit: It states the amount of earnest money deposit being paid by the buyer to demonstrate their commitment to the purchase. 8. Default and remedies: This section defines the consequences and remedies for any party's default, including dispute resolution methods or potential legal actions. 9. Additional terms: Depending on the specific agreement, additional terms may include financing arrangements, closing costs, prorations, or any other specific conditions agreed upon by the buyer and seller. It is crucial for both the buyer and the seller to fully understand the terms and conditions outlined in the Hollywood Florida Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement. Consulting with a real estate attorney or professional is recommended to ensure compliance with local laws and regulations and to protect the interests of all parties involved.
