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 Antonio Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional or Seller Financing is a legal document that serves as a contract between a buyer and a seller for the purchase of a residential property in San Antonio, Texas. This contract outlines the terms and conditions of the transaction, including the payment method and financing options available. Keywords related to this contract include "San Antonio," "Texas," "residential property," "contract," "resale," "all cash," "assumption," "third party conventional," and "seller financing." There are different types of contracts under the San Antonio Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional or Seller Financing, depending on the payment method or financing option chosen by the parties involved. The "All Cash" contract is applicable when the buyer intends to make the entire payment in cash, without any financing from a lender or a third party. This type of contract is commonly used when buyers have significant financial resources or when a seller prefers a quick and assured closing. The "Assumption" contract is used when the buyer agrees to assume the existing mortgage or financing arrangement of the seller. In this case, the buyer takes over the seller's loan and becomes responsible for making the payments. The "Third Party Conventional" contract is utilized when the buyer plans to obtain financing from a conventional lender such as a bank or mortgage company. It stipulates that the buyer is responsible for securing the necessary loan approval and meeting the lender's requirements. The "Seller Financing" contract is when the seller acts as the lender and provides financing to the buyer directly. This type of contract is also known as a "seller carry back" or "owner financing" where the seller extends credit to the buyer for a portion or the entire purchase price, and the buyer makes regular payments to the seller instead of a traditional lender. In summary, the San Antonio Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional or Seller Financing is a contract used in San Antonio, Texas, for the purchase of residential properties. It includes various payment methods and financing options such as all cash, assumption, third party conventional, and seller financing, allowing buyers and sellers to choose the most suitable arrangement for their transaction.The San Antonio Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional or Seller Financing is a legal document that serves as a contract between a buyer and a seller for the purchase of a residential property in San Antonio, Texas. This contract outlines the terms and conditions of the transaction, including the payment method and financing options available. Keywords related to this contract include "San Antonio," "Texas," "residential property," "contract," "resale," "all cash," "assumption," "third party conventional," and "seller financing." There are different types of contracts under the San Antonio Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional or Seller Financing, depending on the payment method or financing option chosen by the parties involved. The "All Cash" contract is applicable when the buyer intends to make the entire payment in cash, without any financing from a lender or a third party. This type of contract is commonly used when buyers have significant financial resources or when a seller prefers a quick and assured closing. The "Assumption" contract is used when the buyer agrees to assume the existing mortgage or financing arrangement of the seller. In this case, the buyer takes over the seller's loan and becomes responsible for making the payments. The "Third Party Conventional" contract is utilized when the buyer plans to obtain financing from a conventional lender such as a bank or mortgage company. It stipulates that the buyer is responsible for securing the necessary loan approval and meeting the lender's requirements. The "Seller Financing" contract is when the seller acts as the lender and provides financing to the buyer directly. This type of contract is also known as a "seller carry back" or "owner financing" where the seller extends credit to the buyer for a portion or the entire purchase price, and the buyer makes regular payments to the seller instead of a traditional lender. In summary, the San Antonio Texas One to Four Family Residential Contract Realal— - All Cash, Assumption, Third Party Conventional or Seller Financing is a contract used in San Antonio, Texas, for the purchase of residential properties. It includes various payment methods and financing options such as all cash, assumption, third party conventional, and seller financing, allowing buyers and sellers to choose the most suitable arrangement for their transaction.
