Olathe Kansas Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement

• Category: Kansas Real Estate - Home Sale
• State: Kansas
• City: Olathe
• Control #: KS-00472
• Format: Word; Rich Text

Description

This form is a Contract for the sale of real estate for use in Kansas. 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. The Olathe Kansas 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 buying or selling a residential property in Olathe, Kansas without the involvement of a real estate broker. This agreement ensures that both the buyer and seller are protected and have a clear understanding of their rights and obligations. Key terms and clauses of the Olathe Kansas Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement include: 1. Parties Involved: The agreement identifies both the buyer and seller, along with their contact information and legal representations. 2. Property Details: The contract includes a detailed description of the property being sold, including its address, legal description, and any other relevant information. 3. Purchase Price and Payment Terms: The agreement states the agreed-upon purchase price for the property and the method and timeline for payment, including any deposit or escrow arrangements. 4. Contingencies: This section outlines any contingencies or conditions that need to be met for the sale to proceed. Common contingencies include obtaining financing, property inspections, and satisfactory title search results. 5. Closing and Possession: The contract specifies the date and location for the closing, as well as when possession of the property will be transferred from the seller to the buyer. 6. Disclosures and Inspections: The agreement requires the seller to disclose any known defects or issues with the property and provides an opportunity for the buyer to conduct inspections before completing the purchase. 7. Title and Deed: The contract ensures that the seller possesses a clean and marketable title to the property and agrees to transfer it to the buyer upon completion of the sale. 8. Default and Remedies: This section clarifies the actions that can be taken by either party in the event of a breach of the contract, such as defaulting on payment or failure to close on time. 9. Governing Law: The agreement specifies that it is governed by the laws of Kansas and any disputes will be resolved through arbitration or litigation in the state. It's worth noting that while there may not be different types of Olathe Kansas Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement, variations and modifications can be made to tailor it to specific circumstances or additional clauses can be added to address unique aspects of the property transaction. Working with a real estate attorney is recommended to ensure compliance with local laws and regulations.

The Olathe Kansas 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 buying or selling a residential property in Olathe, Kansas without the involvement of a real estate broker. This agreement ensures that both the buyer and seller are protected and have a clear understanding of their rights and obligations. Key terms and clauses of the Olathe Kansas Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement include: 1. Parties Involved: The agreement identifies both the buyer and seller, along with their contact information and legal representations. 2. Property Details: The contract includes a detailed description of the property being sold, including its address, legal description, and any other relevant information. 3. Purchase Price and Payment Terms: The agreement states the agreed-upon purchase price for the property and the method and timeline for payment, including any deposit or escrow arrangements. 4. Contingencies: This section outlines any contingencies or conditions that need to be met for the sale to proceed. Common contingencies include obtaining financing, property inspections, and satisfactory title search results. 5. Closing and Possession: The contract specifies the date and location for the closing, as well as when possession of the property will be transferred from the seller to the buyer. 6. Disclosures and Inspections: The agreement requires the seller to disclose any known defects or issues with the property and provides an opportunity for the buyer to conduct inspections before completing the purchase. 7. Title and Deed: The contract ensures that the seller possesses a clean and marketable title to the property and agrees to transfer it to the buyer upon completion of the sale. 8. Default and Remedies: This section clarifies the actions that can be taken by either party in the event of a breach of the contract, such as defaulting on payment or failure to close on time. 9. Governing Law: The agreement specifies that it is governed by the laws of Kansas and any disputes will be resolved through arbitration or litigation in the state. It's worth noting that while there may not be different types of Olathe Kansas Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement, variations and modifications can be made to tailor it to specific circumstances or additional clauses can be added to address unique aspects of the property transaction. Working with a real estate attorney is recommended to ensure compliance with local laws and regulations.