In this contract, seller agrees to sell and to convey to buyer and the buyer agrees to purchase from seller certain property described in the contract. The contract also states that the monthly payments, interest rates and other terms of some loans may be adjusted by the lender at or after closing. The contract also contains a section entitled Broker Information and Ratification of Fee? which states that the listing broker will pay the other broker a certain percentage of the total sales price when the listing brokers fee is received.
The Fort Worth Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional or Seller Financing is a legally binding agreement used in real estate transactions for the sale of residential properties in Fort Worth, Texas. This contract can be used when the purchase of a property is made either with all cash, assumption of an existing mortgage, third-party conventional financing, or seller financing. Keywords: — Fort Worth: Indicates the specific location where the contract is applicable. — Texas: Indicates that the contract conforms to the laws and regulations of the state of Texas. — One to Four Family Residential: Denotes that the contract is tailored for the sale of residential properties designed to accommodate up to four families. Contractac— - Resale: Specifies that the contract is used for the resale of a property, meaning that the property has previously been owned and is being sold by a subsequent owner. — All Cash: Refers to a purchase made entirely with cash, indicating that there is no mortgage or financing involved in the transaction. — Assumption: Indicates that the buyer is assuming the existing mortgage on the property from the seller, taking over the terms and conditions of the original loan. — Third Party Conventional Financing: Refers to the buyer securing financing from a third-party lender, such as a bank or mortgage company, to complete the purchase. — Seller Financing: Denotes that the seller is providing the financing for the purchase, acting as the lender to the buyer. Different types of Fort Worth Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional or Seller Financing may include variations that cater to specific circumstances within these financing options. However, the basic framework of the contract remains the same, focusing on legal obligations, responsibilities, and transaction details between the buyer and seller.The Fort Worth Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional or Seller Financing is a legally binding agreement used in real estate transactions for the sale of residential properties in Fort Worth, Texas. This contract can be used when the purchase of a property is made either with all cash, assumption of an existing mortgage, third-party conventional financing, or seller financing. Keywords: — Fort Worth: Indicates the specific location where the contract is applicable. — Texas: Indicates that the contract conforms to the laws and regulations of the state of Texas. — One to Four Family Residential: Denotes that the contract is tailored for the sale of residential properties designed to accommodate up to four families. Contractac— - Resale: Specifies that the contract is used for the resale of a property, meaning that the property has previously been owned and is being sold by a subsequent owner. — All Cash: Refers to a purchase made entirely with cash, indicating that there is no mortgage or financing involved in the transaction. — Assumption: Indicates that the buyer is assuming the existing mortgage on the property from the seller, taking over the terms and conditions of the original loan. — Third Party Conventional Financing: Refers to the buyer securing financing from a third-party lender, such as a bank or mortgage company, to complete the purchase. — Seller Financing: Denotes that the seller is providing the financing for the purchase, acting as the lender to the buyer. Different types of Fort Worth Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional or Seller Financing may include variations that cater to specific circumstances within these financing options. However, the basic framework of the contract remains the same, focusing on legal obligations, responsibilities, and transaction details between the buyer and seller.
