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 San Angelo Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional or Seller Financing is a legal document that outlines the terms and conditions for the sale of a residential property in San Angelo, Texas. This contract is applicable when the property being sold is a single-family home, duplex, triplex, or complex, and can be purchased using various financing options. Keywords: San Angelo Texas, One to Four Family Residential Contract, Resale, All Cash, Assumption, Third Party Conventional Financing, Seller Financing. 1. Purpose: The purpose of the San Angelo Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional or Seller Financing is to establish a legally binding agreement between the buyer and seller for the purchase and sale of a residential property in San Angelo, Texas. 2. Property Details: The contract will include detailed information about the property being sold, such as the address, legal description, and any attached fixtures or personal property included in the sale. 3. Purchase Price and Financing Terms: The contract will outline the agreed-upon purchase price for the property. It will also specify the financing terms, stating whether the buyer will be paying all cash, assuming an existing mortgage, utilizing third-party conventional financing, or opting for seller financing. 4. All Cash: If the buyer intends to purchase the property with all cash, the contract will detail the payment terms and the deadline for the payment to be made. 5. Assumption: In the case of an assumption, where the buyer takes over an existing mortgage, the contract will specify the terms, conditions, and obligations related to the mortgage assumption. 6. Third Party Conventional Financing: If the buyer plans to obtain third-party conventional financing, such as a mortgage loan from a bank or financial institution, the contract will include provisions related to the approval of financing, interest rates, loan terms, and deadlines for loan approval. 7. Seller Financing: If the seller agrees to finance all or part of the purchase price, the contract will outline the terms of the seller financing, including the interest rate, repayment schedule, and any associated fees or penalties. 8. Contingencies: The contract may include contingencies that must be fulfilled for the sale to proceed, such as the buyer obtaining suitable financing or completing a satisfactory inspection of the property. 9. Disclosures and Addenda: The contract will incorporate any required disclosures or addenda pertaining to the property's condition, lead-based paint, or other relevant information as mandated by state and federal laws. 10. Closing and Possession: The contract will specify the closing date, which is the date on which the transfer of the property's ownership occurs. It will also outline the terms for possession, determining when the buyer can take occupancy of the property. Different types of the San Angelo Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional or Seller Financing may include variations in the financing options chosen, purchase price, contingencies, and addenda depending on the specific circumstances and negotiated terms between the buyer and seller.The San Angelo Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional or Seller Financing is a legal document that outlines the terms and conditions for the sale of a residential property in San Angelo, Texas. This contract is applicable when the property being sold is a single-family home, duplex, triplex, or complex, and can be purchased using various financing options. Keywords: San Angelo Texas, One to Four Family Residential Contract, Resale, All Cash, Assumption, Third Party Conventional Financing, Seller Financing. 1. Purpose: The purpose of the San Angelo Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional or Seller Financing is to establish a legally binding agreement between the buyer and seller for the purchase and sale of a residential property in San Angelo, Texas. 2. Property Details: The contract will include detailed information about the property being sold, such as the address, legal description, and any attached fixtures or personal property included in the sale. 3. Purchase Price and Financing Terms: The contract will outline the agreed-upon purchase price for the property. It will also specify the financing terms, stating whether the buyer will be paying all cash, assuming an existing mortgage, utilizing third-party conventional financing, or opting for seller financing. 4. All Cash: If the buyer intends to purchase the property with all cash, the contract will detail the payment terms and the deadline for the payment to be made. 5. Assumption: In the case of an assumption, where the buyer takes over an existing mortgage, the contract will specify the terms, conditions, and obligations related to the mortgage assumption. 6. Third Party Conventional Financing: If the buyer plans to obtain third-party conventional financing, such as a mortgage loan from a bank or financial institution, the contract will include provisions related to the approval of financing, interest rates, loan terms, and deadlines for loan approval. 7. Seller Financing: If the seller agrees to finance all or part of the purchase price, the contract will outline the terms of the seller financing, including the interest rate, repayment schedule, and any associated fees or penalties. 8. Contingencies: The contract may include contingencies that must be fulfilled for the sale to proceed, such as the buyer obtaining suitable financing or completing a satisfactory inspection of the property. 9. Disclosures and Addenda: The contract will incorporate any required disclosures or addenda pertaining to the property's condition, lead-based paint, or other relevant information as mandated by state and federal laws. 10. Closing and Possession: The contract will specify the closing date, which is the date on which the transfer of the property's ownership occurs. It will also outline the terms for possession, determining when the buyer can take occupancy of the property. Different types of the San Angelo Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional or Seller Financing may include variations in the financing options chosen, purchase price, contingencies, and addenda depending on the specific circumstances and negotiated terms between the buyer and seller.
