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.
Description: A Killeen Texas New Home Contract — Completed Construction is a legally binding agreement between a buyer and a builder or developer, signifying the completion of a newly constructed home in the city of Killeen, Texas. This document outlines the terms and conditions of the sale, as well as the rights and obligations of both parties involved. This type of contract ensures that both the buyer and the builder abide by the agreed-upon terms, preventing any misunderstandings or disputes during the home buying process. It provides protection for both parties and serves as a roadmap for the finalization of the transaction. Certain types of Killeen Texas New Home Contract — Completed Construction may include: 1. Single-Family Homes: This refers to standalone residential properties constructed on a piece of land that are independently owned and do not share any common areas with other homes. 2. Town homes: These are multi-level or stacked homes that share walls with neighboring units. They typically have shared amenities such as swimming pools, clubhouses, or common green spaces. 3. Condominiums: Often referred to as condos, these are individual units within a larger building or complex. Condo owners have shared ownership of common areas and are responsible for paying the condominium association fees for the maintenance and upkeep of those areas. 4. Duplexes: These are residential properties divided into two separate living units, typically side by side, with separate entrances. Each unit functions as an independent home. 5. Patio Homes: Also known as garden homes or zero-lot-line homes, these properties feature smaller lots and are designed for low-maintenance living. They often include amenities like private patios or courtyards. The Killeen Texas New Home Contract — Completed Construction typically includes important details such as the purchase price, payment terms, closing date, property description, warranties, and any additional provisions agreed upon by both parties. It is crucial for both the buyer and the builder to carefully review and understand the terms stipulated in the contract before signing, ensuring a smooth and satisfactory real estate transaction.Description: A Killeen Texas New Home Contract — Completed Construction is a legally binding agreement between a buyer and a builder or developer, signifying the completion of a newly constructed home in the city of Killeen, Texas. This document outlines the terms and conditions of the sale, as well as the rights and obligations of both parties involved. This type of contract ensures that both the buyer and the builder abide by the agreed-upon terms, preventing any misunderstandings or disputes during the home buying process. It provides protection for both parties and serves as a roadmap for the finalization of the transaction. Certain types of Killeen Texas New Home Contract — Completed Construction may include: 1. Single-Family Homes: This refers to standalone residential properties constructed on a piece of land that are independently owned and do not share any common areas with other homes. 2. Town homes: These are multi-level or stacked homes that share walls with neighboring units. They typically have shared amenities such as swimming pools, clubhouses, or common green spaces. 3. Condominiums: Often referred to as condos, these are individual units within a larger building or complex. Condo owners have shared ownership of common areas and are responsible for paying the condominium association fees for the maintenance and upkeep of those areas. 4. Duplexes: These are residential properties divided into two separate living units, typically side by side, with separate entrances. Each unit functions as an independent home. 5. Patio Homes: Also known as garden homes or zero-lot-line homes, these properties feature smaller lots and are designed for low-maintenance living. They often include amenities like private patios or courtyards. The Killeen Texas New Home Contract — Completed Construction typically includes important details such as the purchase price, payment terms, closing date, property description, warranties, and any additional provisions agreed upon by both parties. It is crucial for both the buyer and the builder to carefully review and understand the terms stipulated in the contract before signing, ensuring a smooth and satisfactory real estate transaction.
