This form is a Contract for the sale of real estate for use in Tennessee. 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.
Nashville Tennessee 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 for the sale and purchase of residential properties in Nashville, Tennessee. This agreement is specifically designed for real estate transactions where no broker is involved, allowing individuals to directly negotiate and manage the sale process without the assistance of a professional real estate agent or broker. The Nashville Tennessee Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement serves as a comprehensive agreement between the buyer and the seller, ensuring that both parties understand their rights, responsibilities, and obligations throughout the sale process. This agreement provides a clear framework for the negotiation, deposit, contingencies, closing, and other important elements involved in buying or selling a residential property. Key provisions covered in this agreement may include: 1. Property Information: Detailed description of the residential property being sold, including its address, legal description, and any additional features or amenities. 2. Purchase Price and Financing: State the agreed-upon purchase price, down payment, and payment terms. Specify if any financing contingencies are in place and outline the process for securing financing. 3. Contingencies: Address any contingencies that need to be met for the sale to proceed, such as financing, inspection, or appraisal contingency. 4. Property Inspection: Specify the timeframe for the buyer to conduct property inspections and outline the procedure for resolving any issues arising from the inspection. 5. Closing Process: Detail the process and timeline for the closing of the sale, including the delivery of necessary documents, the transfer of ownership, and the distribution of funds. 6. Disclosures: Compliance with applicable state and federal laws, including the provision of seller disclosures regarding the property's condition and any known defects. 7. Earnest Money: Specify the amount of earnest money to be deposited by the buyer as a sign of good faith, and outline the conditions under which the earnest money may be forfeited. 8. Default and Remedies: Address the consequences and potential remedies in case of default by either party during the transaction. 9. Governing Law: Determine the legal jurisdiction and laws that will govern the agreement in case of disputes between the parties. Different types or variations of the Nashville Tennessee Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement may include specific addendums or clauses tailored for unique situations. For instance, there might be separate agreements for properties with additional structures (e.g., Nashville Tennessee Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement — including detached garage) or agreements addressing specific contingencies like multiple offers or leaseback options. It is essential to verify the legally appropriate and up-to-date agreement based on the specific circumstances of the residential home sale. Engaging the services of a qualified real estate attorney is advisable to ensure compliance with local laws and regulations.Nashville Tennessee 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 for the sale and purchase of residential properties in Nashville, Tennessee. This agreement is specifically designed for real estate transactions where no broker is involved, allowing individuals to directly negotiate and manage the sale process without the assistance of a professional real estate agent or broker. The Nashville Tennessee Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement serves as a comprehensive agreement between the buyer and the seller, ensuring that both parties understand their rights, responsibilities, and obligations throughout the sale process. This agreement provides a clear framework for the negotiation, deposit, contingencies, closing, and other important elements involved in buying or selling a residential property. Key provisions covered in this agreement may include: 1. Property Information: Detailed description of the residential property being sold, including its address, legal description, and any additional features or amenities. 2. Purchase Price and Financing: State the agreed-upon purchase price, down payment, and payment terms. Specify if any financing contingencies are in place and outline the process for securing financing. 3. Contingencies: Address any contingencies that need to be met for the sale to proceed, such as financing, inspection, or appraisal contingency. 4. Property Inspection: Specify the timeframe for the buyer to conduct property inspections and outline the procedure for resolving any issues arising from the inspection. 5. Closing Process: Detail the process and timeline for the closing of the sale, including the delivery of necessary documents, the transfer of ownership, and the distribution of funds. 6. Disclosures: Compliance with applicable state and federal laws, including the provision of seller disclosures regarding the property's condition and any known defects. 7. Earnest Money: Specify the amount of earnest money to be deposited by the buyer as a sign of good faith, and outline the conditions under which the earnest money may be forfeited. 8. Default and Remedies: Address the consequences and potential remedies in case of default by either party during the transaction. 9. Governing Law: Determine the legal jurisdiction and laws that will govern the agreement in case of disputes between the parties. Different types or variations of the Nashville Tennessee Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement may include specific addendums or clauses tailored for unique situations. For instance, there might be separate agreements for properties with additional structures (e.g., Nashville Tennessee Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement — including detached garage) or agreements addressing specific contingencies like multiple offers or leaseback options. It is essential to verify the legally appropriate and up-to-date agreement based on the specific circumstances of the residential home sale. Engaging the services of a qualified real estate attorney is advisable to ensure compliance with local laws and regulations.
