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 Houston Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional or Seller Financing is a legally binding contract used in the state of Texas for real estate transactions involving residential properties. It outlines the terms and conditions agreed upon by the buyer and seller. Keywords: — Houston: Refers to the city of Houston, Texas, where the contract is specifically designed to be used. — Texas: Indicates that the contract is applicable only within the state of Texas, as real estate contracts vary from state to state. — One to Four Family Residential: Signifies that the contract is intended for properties classified as single-family residences or those that house up to four families. Contractac— - Resale: Indicates that this is a contract for the sale of a property that has already been owned and occupied, rather than for a newly constructed property. — All Cash: Denotes that the buyer intends to pay the entire purchase price in cash, without the involvement of financing or mortgage loans. — Assumption: Refers to the buyer taking over the existing mortgage loan on the property rather than obtaining a new loan. — Third Party Conventional: Relates to the buyer obtaining conventional financing through a financial institution or lender separate from the seller. — Seller Financing: Describes a scenario in which the seller provides financing or a loan to the buyer, acting as the lender themselves. Different types: — All Cash: This type of contract involves a buyer paying the full purchase price in cash at the time of closing, without any financing or mortgage loans. — Assumption: In this type, the buyer agrees to assume the seller's existing mortgage loan, taking over the responsibility for repaying the remaining loan balance. — Third Party Conventional: This form of the contract involves the buyer obtaining financing from a third-party lender, such as a bank or mortgage company, to purchase the property. — Seller Financing: In this scenario, the seller acts as the lender, providing a loan to the buyer for the purchase of the property. Overall, the Houston Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional or Seller Financing is a comprehensive contract used for the sale of residential properties in Houston, Texas, with various options for the buyer's payment approach.The Houston Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional or Seller Financing is a legally binding contract used in the state of Texas for real estate transactions involving residential properties. It outlines the terms and conditions agreed upon by the buyer and seller. Keywords: — Houston: Refers to the city of Houston, Texas, where the contract is specifically designed to be used. — Texas: Indicates that the contract is applicable only within the state of Texas, as real estate contracts vary from state to state. — One to Four Family Residential: Signifies that the contract is intended for properties classified as single-family residences or those that house up to four families. Contractac— - Resale: Indicates that this is a contract for the sale of a property that has already been owned and occupied, rather than for a newly constructed property. — All Cash: Denotes that the buyer intends to pay the entire purchase price in cash, without the involvement of financing or mortgage loans. — Assumption: Refers to the buyer taking over the existing mortgage loan on the property rather than obtaining a new loan. — Third Party Conventional: Relates to the buyer obtaining conventional financing through a financial institution or lender separate from the seller. — Seller Financing: Describes a scenario in which the seller provides financing or a loan to the buyer, acting as the lender themselves. Different types: — All Cash: This type of contract involves a buyer paying the full purchase price in cash at the time of closing, without any financing or mortgage loans. — Assumption: In this type, the buyer agrees to assume the seller's existing mortgage loan, taking over the responsibility for repaying the remaining loan balance. — Third Party Conventional: This form of the contract involves the buyer obtaining financing from a third-party lender, such as a bank or mortgage company, to purchase the property. — Seller Financing: In this scenario, the seller acts as the lender, providing a loan to the buyer for the purchase of the property. Overall, the Houston Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional or Seller Financing is a comprehensive contract used for the sale of residential properties in Houston, Texas, with various options for the buyer's payment approach.
