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 Harris Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional or Seller Financing is a legal document used in real estate transactions within Harris County, Texas. This contract outlines the terms and conditions for the sale of a residential property, specifically designed for one to four family homes. Keywords: Harris Texas, One to Four Family Residential Contract, Resale, All Cash, Assumption, Third Party Conventional, Seller Financing. In Harris County, various types of financing arrangements are commonly used when purchasing a residential property. The contract allows for flexibility by accommodating different payment options, including: 1. All Cash: This refers to a purchase where the buyer intends to pay the full purchase price in cash at the time of closing, eliminating the need for any financing or mortgage loans. 2. Assumption: In this scenario, the buyer agrees to assume the existing mortgage loan attached to the property. The contract will detail the terms and conditions of the assumption, including any necessary approvals and requirements. 3. Third Party Conventional Loan: This indicates the buyer's intention to obtain a mortgage loan from a third-party lender, such as a bank or credit union. The contract will outline the conditions for this loan, including the loan amount, interest rate, and any contingencies. 4. Seller Financing: This option allows the seller to act as the lender by providing financing for the buyer. The contract will specify the terms of the loan agreement, such as the interest rate, repayment schedule, and any applicable conditions. The Harris Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional, or Seller Financing is a legally binding agreement that protects the interests of both the buyer and seller. It sets forth the obligations, rights, and responsibilities of each party, ensuring a smooth and fair transaction. When using the Harris Texas One to Four Family Residential Contract, it is crucial to consult with a qualified real estate attorney or agent to ensure compliance with all applicable laws and regulations.The Harris Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional or Seller Financing is a legal document used in real estate transactions within Harris County, Texas. This contract outlines the terms and conditions for the sale of a residential property, specifically designed for one to four family homes. Keywords: Harris Texas, One to Four Family Residential Contract, Resale, All Cash, Assumption, Third Party Conventional, Seller Financing. In Harris County, various types of financing arrangements are commonly used when purchasing a residential property. The contract allows for flexibility by accommodating different payment options, including: 1. All Cash: This refers to a purchase where the buyer intends to pay the full purchase price in cash at the time of closing, eliminating the need for any financing or mortgage loans. 2. Assumption: In this scenario, the buyer agrees to assume the existing mortgage loan attached to the property. The contract will detail the terms and conditions of the assumption, including any necessary approvals and requirements. 3. Third Party Conventional Loan: This indicates the buyer's intention to obtain a mortgage loan from a third-party lender, such as a bank or credit union. The contract will outline the conditions for this loan, including the loan amount, interest rate, and any contingencies. 4. Seller Financing: This option allows the seller to act as the lender by providing financing for the buyer. The contract will specify the terms of the loan agreement, such as the interest rate, repayment schedule, and any applicable conditions. The Harris Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional, or Seller Financing is a legally binding agreement that protects the interests of both the buyer and seller. It sets forth the obligations, rights, and responsibilities of each party, ensuring a smooth and fair transaction. When using the Harris Texas One to Four Family Residential Contract, it is crucial to consult with a qualified real estate attorney or agent to ensure compliance with all applicable laws and regulations.
