This form is a Contract for the sale of real estate for use in Texas. 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 Arlington Texas 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 involved in the sale and purchase of a residential home in Arlington, Texas. This agreement is specifically designed for transactions that do not involve the services of a real estate broker. The main purpose of this contract is to protect the rights and interests of both the buyer and the seller by clearly defining their obligations and responsibilities throughout the transaction process. It establishes a framework for the sale, addressing various aspects such as the purchase price, closing date, contingencies, and financing arrangements. Key provisions covered in the Arlington Texas Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement include: 1. Parties: Identifies the buyer and seller, including their legal names and contact information. 2. Purchase Price: Specifies the agreed-upon purchase price for the residential property. 3. Property Description: Provides a detailed description of the property, including its address, parcel number, and any associated fixtures or improvements. 4. Closing Costs: Outlines the allocation of closing costs between buyer and seller, such as title insurance, lender fees, and recording fees. 5. Earnest Money: States the amount of earnest money the buyer will submit as a deposit to demonstrate their serious intent to purchase the property. It discusses how the earnest money will be handled in case of contract termination or successful completion of the transaction. 6. Financing: Allows the buyer to specify the type of financing they intend to utilize, be it a conventional loan, FHA loan, VA loan, or any other form of financing. 7. Property Condition: Provides an opportunity for the buyer to conduct inspections and outlines any necessary repairs or improvements to be completed before closing. 8. Contingencies: Includes provisions for contingencies that may affect the transaction, such as financing approval, appraisal results, or property inspections. 9. Closing Date: States the deadline by which the closing must occur, along with potential extensions and penalties if either party fails to meet the agreed-upon timeline. 10. Dispute Resolution: Outlines the methods for resolving disputes, including mediation or arbitration, before resorting to litigation. It is worth mentioning that while there may not be different types of the Arlington Texas Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement, there might be variations tailored to specific residential property types, such as condominiums or townhouses. These variations may address unique considerations associated with each property type but generally include the same core elements mentioned above.The Arlington Texas 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 involved in the sale and purchase of a residential home in Arlington, Texas. This agreement is specifically designed for transactions that do not involve the services of a real estate broker. The main purpose of this contract is to protect the rights and interests of both the buyer and the seller by clearly defining their obligations and responsibilities throughout the transaction process. It establishes a framework for the sale, addressing various aspects such as the purchase price, closing date, contingencies, and financing arrangements. Key provisions covered in the Arlington Texas Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement include: 1. Parties: Identifies the buyer and seller, including their legal names and contact information. 2. Purchase Price: Specifies the agreed-upon purchase price for the residential property. 3. Property Description: Provides a detailed description of the property, including its address, parcel number, and any associated fixtures or improvements. 4. Closing Costs: Outlines the allocation of closing costs between buyer and seller, such as title insurance, lender fees, and recording fees. 5. Earnest Money: States the amount of earnest money the buyer will submit as a deposit to demonstrate their serious intent to purchase the property. It discusses how the earnest money will be handled in case of contract termination or successful completion of the transaction. 6. Financing: Allows the buyer to specify the type of financing they intend to utilize, be it a conventional loan, FHA loan, VA loan, or any other form of financing. 7. Property Condition: Provides an opportunity for the buyer to conduct inspections and outlines any necessary repairs or improvements to be completed before closing. 8. Contingencies: Includes provisions for contingencies that may affect the transaction, such as financing approval, appraisal results, or property inspections. 9. Closing Date: States the deadline by which the closing must occur, along with potential extensions and penalties if either party fails to meet the agreed-upon timeline. 10. Dispute Resolution: Outlines the methods for resolving disputes, including mediation or arbitration, before resorting to litigation. It is worth mentioning that while there may not be different types of the Arlington Texas Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement, there might be variations tailored to specific residential property types, such as condominiums or townhouses. These variations may address unique considerations associated with each property type but generally include the same core elements mentioned above.
