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 Edinburg 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 of a residential home sale in Edinburg, Texas. It is specifically designed for transactions that do not involve a real estate broker. This agreement ensures that both the buyer and the seller are protected throughout the sale process. The Edinburg Texas Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement typically includes the following key details: 1. Parties involved: Clearly states the names and addresses of the buyer(s) and seller(s) involved in the transaction. 2. Property details: Provides a thorough description of the residential property being sold, including its address, legal description, and any additional details that may be necessary to accurately identify the property. 3. Purchase price and financing: Specifies the agreed-upon purchase price for the property, along with any financing arrangements, including details of any down payment, loan amount, or mortgage terms. 4. Earnest money: Outlines the amount of earnest money deposit the buyer is required to submit as a sign of their commitment to purchase the property. It also specifies the conditions under which the earnest money will be refunded or forfeited. 5. Closing and possession: Details the planned closing date for the transaction and outlines the party responsible for bearing certain costs associated with the transaction, such as title insurance, attorney fees, and recording fees. Additionally, the agreement addresses when possession of the property will be transferred from the seller to the buyer. 6. Contingencies: Discusses any contingencies that may need to be satisfied before the sale is finalized, such as inspections, financing approvals, or the sale of the buyer's current property. 7. Disclosures and representations: Requires the seller to disclose any known defects or issues with the property, ensuring that the buyer is fully aware of the property's condition before finalizing the purchase. It's important to note that variations in the Edinburg Texas Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement may exist, depending on specific circumstances or the preferences of the parties involved. Some examples may include agreements tailored for land sales, new construction homes, or multi-family residential properties.The Edinburg 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 of a residential home sale in Edinburg, Texas. It is specifically designed for transactions that do not involve a real estate broker. This agreement ensures that both the buyer and the seller are protected throughout the sale process. The Edinburg Texas Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement typically includes the following key details: 1. Parties involved: Clearly states the names and addresses of the buyer(s) and seller(s) involved in the transaction. 2. Property details: Provides a thorough description of the residential property being sold, including its address, legal description, and any additional details that may be necessary to accurately identify the property. 3. Purchase price and financing: Specifies the agreed-upon purchase price for the property, along with any financing arrangements, including details of any down payment, loan amount, or mortgage terms. 4. Earnest money: Outlines the amount of earnest money deposit the buyer is required to submit as a sign of their commitment to purchase the property. It also specifies the conditions under which the earnest money will be refunded or forfeited. 5. Closing and possession: Details the planned closing date for the transaction and outlines the party responsible for bearing certain costs associated with the transaction, such as title insurance, attorney fees, and recording fees. Additionally, the agreement addresses when possession of the property will be transferred from the seller to the buyer. 6. Contingencies: Discusses any contingencies that may need to be satisfied before the sale is finalized, such as inspections, financing approvals, or the sale of the buyer's current property. 7. Disclosures and representations: Requires the seller to disclose any known defects or issues with the property, ensuring that the buyer is fully aware of the property's condition before finalizing the purchase. It's important to note that variations in the Edinburg Texas Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement may exist, depending on specific circumstances or the preferences of the parties involved. Some examples may include agreements tailored for land sales, new construction homes, or multi-family residential properties.