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.
Waco Texas New Home Contract — Completed Construction is a legal agreement that finalizes the sale of a recently built residential property in the city of Waco, Texas. This type of contract signifies the completion of construction on a new home and outlines the terms and conditions agreed upon by the buyer and the builder/developer. Key terms and clauses included in a Waco Texas New Home Contract — Completed Construction may vary depending on the specific agreement, but typically cover the following aspects: 1. Property Description: The contract will provide detailed information about the property, including its address, lot size, and the physical boundaries of the land. 2. Purchase Price: The contract will state the agreed-upon purchase price for the new home, which is inclusive of any upgrades or additional features requested by the buyer. 3. Payment Terms: This section outlines the payment schedule, including any deposit amounts, earnest money, and the modes of payment accepted. It may also mention any financing or mortgage arrangements. 4. Completion Date: The contract will specify the date on which the construction of the new home is considered complete. This is crucial as it marks the commencement of warranty periods if applicable. 5. Construction Specifications: This section will detail the materials, fixtures, and finishes that will be used in the home's construction. It ensures that the buyer receives the property as agreed upon, eliminating any ambiguity. 6. Builder's Warranty: If provided, the contract may mention any warranties offered by the builder, which typically cover certain aspects of the home's construction (e.g., structural defects, major systems, etc.). Details about the duration and coverage of the warranty will be included. 7. Inspections: The contract may include provisions for home inspections, defining the rights and responsibilities of the buyer and the builder. It may specify the deadlines for completing inspections and the process for resolving any issues found. Different types or variations of Waco Texas New Home Contract — Completed Construction may exist based on the builder or developer's preferences. However, they generally follow a similar structure and cover the essential elements mentioned above. In summary, a Waco Texas New Home Contract — Completed Construction is a legal document that solidifies the purchase of a newly constructed home in Waco, Texas. It outlines crucial details such as the property description, purchase price, payment terms, completion date, construction specifications, builder's warranty, and provisions for inspections. It serves as a binding agreement between the buyer and the builder, ensuring a smooth transaction and providing clarity regarding the property's features, warranties, and obligations.Waco Texas New Home Contract — Completed Construction is a legal agreement that finalizes the sale of a recently built residential property in the city of Waco, Texas. This type of contract signifies the completion of construction on a new home and outlines the terms and conditions agreed upon by the buyer and the builder/developer. Key terms and clauses included in a Waco Texas New Home Contract — Completed Construction may vary depending on the specific agreement, but typically cover the following aspects: 1. Property Description: The contract will provide detailed information about the property, including its address, lot size, and the physical boundaries of the land. 2. Purchase Price: The contract will state the agreed-upon purchase price for the new home, which is inclusive of any upgrades or additional features requested by the buyer. 3. Payment Terms: This section outlines the payment schedule, including any deposit amounts, earnest money, and the modes of payment accepted. It may also mention any financing or mortgage arrangements. 4. Completion Date: The contract will specify the date on which the construction of the new home is considered complete. This is crucial as it marks the commencement of warranty periods if applicable. 5. Construction Specifications: This section will detail the materials, fixtures, and finishes that will be used in the home's construction. It ensures that the buyer receives the property as agreed upon, eliminating any ambiguity. 6. Builder's Warranty: If provided, the contract may mention any warranties offered by the builder, which typically cover certain aspects of the home's construction (e.g., structural defects, major systems, etc.). Details about the duration and coverage of the warranty will be included. 7. Inspections: The contract may include provisions for home inspections, defining the rights and responsibilities of the buyer and the builder. It may specify the deadlines for completing inspections and the process for resolving any issues found. Different types or variations of Waco Texas New Home Contract — Completed Construction may exist based on the builder or developer's preferences. However, they generally follow a similar structure and cover the essential elements mentioned above. In summary, a Waco Texas New Home Contract — Completed Construction is a legal document that solidifies the purchase of a newly constructed home in Waco, Texas. It outlines crucial details such as the property description, purchase price, payment terms, completion date, construction specifications, builder's warranty, and provisions for inspections. It serves as a binding agreement between the buyer and the builder, ensuring a smooth transaction and providing clarity regarding the property's features, warranties, and obligations.
