Seller agrees to sell and convey to buyer certain property described within the contract. The buyer is responsible for depositing earnest money with an escrow agent upon the execution of the contract by both parties. If the buyer fails to deposit the earnest money as required by the contract, the buyer will be in default. The broker advises the buyer to have an abstract of title covering the property examined by an attorney of the buyers selection, or the buyer should be furnished with or obtain a title policy.
The Beaumont Texas One to Four Family Residential Contract Realal— - FHA Insured or VA Guaranteed Financing is a legal document used in real estate transactions in Beaumont, Texas. This contract is specifically designed for the resale of residential properties and is used when the buyer intends to secure financing through either FHA insurance or VA guarantee programs. This contract outlines the terms and conditions of the sale, ensuring that both the buyer and seller are protected and aware of their obligations. It covers various aspects of the transaction, including the purchase price, financing terms, property conditions, and contingencies. The Beaumont Texas One to Four Family Residential Contract Realal— - FHA Insured or VA Guaranteed Financing includes relevant keywords such as: 1. Beaumont, Texas: Indicates that the contract is specific to properties located in Beaumont, Texas. 2. One to Four Family Residential: Specifies that the contract is applicable for single-family residences, including condos and town homes. This contract is not suitable for commercial or multi-unit properties. 3. Resale: Emphasizes that this contract is intended for the resale of properties, rather than new construction or re-financing. 4. FHA Insured: Refers to the Federal Housing Administration (FHA) insurance program that allows borrowers to obtain financing with lower down payments and more lenient credit requirements. 5. VA Guaranteed Financing: Pertains to the Veterans Affairs (VA) guarantee program that offers favorable loan terms to eligible veterans and active-duty military personnel. 6. Financing: Highlights that this contract specifically addresses the terms and conditions related to obtaining financing through FHA or VA programs. It's important to note that there may not be different types or versions of the Beaumont Texas One to Four Family Residential Contract Realal— - FHA Insured or VA Guaranteed Financing. However, there can be variations or addendums to the contract based on specific property details, additional provisions, or local regulations.The Beaumont Texas One to Four Family Residential Contract Realal— - FHA Insured or VA Guaranteed Financing is a legal document used in real estate transactions in Beaumont, Texas. This contract is specifically designed for the resale of residential properties and is used when the buyer intends to secure financing through either FHA insurance or VA guarantee programs. This contract outlines the terms and conditions of the sale, ensuring that both the buyer and seller are protected and aware of their obligations. It covers various aspects of the transaction, including the purchase price, financing terms, property conditions, and contingencies. The Beaumont Texas One to Four Family Residential Contract Realal— - FHA Insured or VA Guaranteed Financing includes relevant keywords such as: 1. Beaumont, Texas: Indicates that the contract is specific to properties located in Beaumont, Texas. 2. One to Four Family Residential: Specifies that the contract is applicable for single-family residences, including condos and town homes. This contract is not suitable for commercial or multi-unit properties. 3. Resale: Emphasizes that this contract is intended for the resale of properties, rather than new construction or re-financing. 4. FHA Insured: Refers to the Federal Housing Administration (FHA) insurance program that allows borrowers to obtain financing with lower down payments and more lenient credit requirements. 5. VA Guaranteed Financing: Pertains to the Veterans Affairs (VA) guarantee program that offers favorable loan terms to eligible veterans and active-duty military personnel. 6. Financing: Highlights that this contract specifically addresses the terms and conditions related to obtaining financing through FHA or VA programs. It's important to note that there may not be different types or versions of the Beaumont Texas One to Four Family Residential Contract Realal— - FHA Insured or VA Guaranteed Financing. However, there can be variations or addendums to the contract based on specific property details, additional provisions, or local regulations.