This detailed sample New Home Contract (Completed Construction) complies with Texas law. Adapt the language to fit your facts and circumstances. Available in Word and Rich Text formats.
The Harris Texas New Home Contract — Completed Construction is a legal agreement that outlines the terms and conditions between a buyer and a seller for the purchase of a newly constructed home in Harris County, Texas. This contract is specifically designed for completed construction homes, meaning the construction of the house has been finished. When entering into this contract, both the buyer and seller should carefully review all provisions to ensure they understand and agree to the terms. The contract typically includes the following key elements: 1. Parties Involved: The contract identifies the buyer and seller by their legal names and addresses. 2. Property Description: The contract provides a detailed description of the property, including its address, lot number, and any specific details about the home's features, such as the number of bedrooms, bathrooms, and square footage. 3. Purchase Price: The contract specifies the agreed-upon purchase price for the completed home. 4. Earnest Money: This section outlines the amount of earnest money the buyer agrees to deposit as a show of good faith. Earnest money is usually held in escrow until closing. 5. Financing: The contract may include provisions regarding the buyer's financing arrangements, such as obtaining a mortgage loan to facilitate the purchase. 6. Contingencies: This section outlines any contingencies that must be met for the contract to remain valid. For example, the contract may stipulate that it is subject to the buyer obtaining satisfactory inspection reports or securing financing within a specified timeframe. 7. Closing Date: The contract sets forth the agreed-upon closing date, which is when the ownership of the property officially transfers from the seller to the buyer. 8. Home Warranty: Some contracts may include provisions regarding any applicable home warranties, specifying the coverage and duration. Different types of Harris Texas New Home Contracts — Completed Construction may vary depending on the builder, seller, or specific requirements of the transaction. These contracts generally follow a similar structure but may contain additional or customized clauses. In summary, the Harris Texas New Home Contract — Completed Construction is a legally binding agreement that facilitates the purchase of a newly constructed home in Harris County, Texas. It outlines the terms, purchase price, contingencies, and closing details for the transaction. It is crucial for both parties to thoroughly review and understand the contract to ensure a successful home purchase.The Harris Texas New Home Contract — Completed Construction is a legal agreement that outlines the terms and conditions between a buyer and a seller for the purchase of a newly constructed home in Harris County, Texas. This contract is specifically designed for completed construction homes, meaning the construction of the house has been finished. When entering into this contract, both the buyer and seller should carefully review all provisions to ensure they understand and agree to the terms. The contract typically includes the following key elements: 1. Parties Involved: The contract identifies the buyer and seller by their legal names and addresses. 2. Property Description: The contract provides a detailed description of the property, including its address, lot number, and any specific details about the home's features, such as the number of bedrooms, bathrooms, and square footage. 3. Purchase Price: The contract specifies the agreed-upon purchase price for the completed home. 4. Earnest Money: This section outlines the amount of earnest money the buyer agrees to deposit as a show of good faith. Earnest money is usually held in escrow until closing. 5. Financing: The contract may include provisions regarding the buyer's financing arrangements, such as obtaining a mortgage loan to facilitate the purchase. 6. Contingencies: This section outlines any contingencies that must be met for the contract to remain valid. For example, the contract may stipulate that it is subject to the buyer obtaining satisfactory inspection reports or securing financing within a specified timeframe. 7. Closing Date: The contract sets forth the agreed-upon closing date, which is when the ownership of the property officially transfers from the seller to the buyer. 8. Home Warranty: Some contracts may include provisions regarding any applicable home warranties, specifying the coverage and duration. Different types of Harris Texas New Home Contracts — Completed Construction may vary depending on the builder, seller, or specific requirements of the transaction. These contracts generally follow a similar structure but may contain additional or customized clauses. In summary, the Harris Texas New Home Contract — Completed Construction is a legally binding agreement that facilitates the purchase of a newly constructed home in Harris County, Texas. It outlines the terms, purchase price, contingencies, and closing details for the transaction. It is crucial for both parties to thoroughly review and understand the contract to ensure a successful home purchase.
