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.
San Angelo Texas One to Four Family Residential Contract Realal— - FHA Insured or VA Guaranteed Financing is a legal document used in the real estate industry in San Angelo, Texas. This contract allows for the sale and purchase of residential properties, specifically designed for properties that qualify for FHA insured or VA guaranteed financing. Here are some relevant keywords to help describe this particular contract: 1. San Angelo: Representing the specific location of the contract, San Angelo, Texas. 2. One to Four Family Residential: This contract pertains to residential properties that can accommodate up to four families, including single-family homes, duplexes, triplexes, and complexes. 3. Contract — Resale: This contract is specifically used for the resale of properties, indicating that it is not a new construction or a first-time sale. 4. FHA Insured Financing: This contract is eligible for properties that meet the requirements for financing insured by the Federal Housing Administration (FHA), which offers lenders protection in case of borrower default. 5. VA Guaranteed Financing: This contract is also applicable to properties that qualify for financing guaranteed by the Department of Veterans Affairs (VA), specifically designed for eligible veterans, active-duty service members, and surviving spouses. Different types of San Angelo Texas One to Four Family Residential Contract Realal— - FHA Insured or VA Guaranteed Financing may include variations based on the specific terms, conditions, and contingencies agreed upon by the buyer and seller. These variations can include the purchase price, contingencies such as inspections or repairs, financing terms, and other provisions tailored to meet the needs of the parties involved. In conclusion, the San Angelo Texas One to Four Family Residential Contract Realal— - FHA Insured or VA Guaranteed Financing is a legal document that facilitates the sale and purchase of residential properties in San Angelo, Texas. Tailored for properties eligible for FHA insured or VA guaranteed financing, this contract ensures a transparent and legally binding agreement between the buyer and seller.San Angelo Texas One to Four Family Residential Contract Realal— - FHA Insured or VA Guaranteed Financing is a legal document used in the real estate industry in San Angelo, Texas. This contract allows for the sale and purchase of residential properties, specifically designed for properties that qualify for FHA insured or VA guaranteed financing. Here are some relevant keywords to help describe this particular contract: 1. San Angelo: Representing the specific location of the contract, San Angelo, Texas. 2. One to Four Family Residential: This contract pertains to residential properties that can accommodate up to four families, including single-family homes, duplexes, triplexes, and complexes. 3. Contract — Resale: This contract is specifically used for the resale of properties, indicating that it is not a new construction or a first-time sale. 4. FHA Insured Financing: This contract is eligible for properties that meet the requirements for financing insured by the Federal Housing Administration (FHA), which offers lenders protection in case of borrower default. 5. VA Guaranteed Financing: This contract is also applicable to properties that qualify for financing guaranteed by the Department of Veterans Affairs (VA), specifically designed for eligible veterans, active-duty service members, and surviving spouses. Different types of San Angelo Texas One to Four Family Residential Contract Realal— - FHA Insured or VA Guaranteed Financing may include variations based on the specific terms, conditions, and contingencies agreed upon by the buyer and seller. These variations can include the purchase price, contingencies such as inspections or repairs, financing terms, and other provisions tailored to meet the needs of the parties involved. In conclusion, the San Angelo Texas One to Four Family Residential Contract Realal— - FHA Insured or VA Guaranteed Financing is a legal document that facilitates the sale and purchase of residential properties in San Angelo, Texas. Tailored for properties eligible for FHA insured or VA guaranteed financing, this contract ensures a transparent and legally binding agreement between the buyer and seller.