The San Antonio Texas Contract for the Sale and Purchase of Real Estate is a legally binding agreement between a buyer and seller for the transfer of residential property in San Antonio, Texas. This contract is specifically designed for transactions that involve no broker or agent and can be used for both seller financing or all-cash transactions. Key terms and conditions included in the contract: 1. Parties: The contract identifies the buyer and seller by their legal names and addresses. 2. Property Description: This section describes the residential property being sold, including address, legal description, and any specific features or improvements. 3. Purchase Price: The contract outlines the agreed-upon purchase price, which can be paid in a lump sum (all cash) or through seller financing. 4. Seller Financing Terms (if applicable): In the case of seller financing, the contract will specify the amount of the down payment, the interest rate, payment schedule, and any other terms agreed upon between the parties. 5. Property Inspections: The contract may provide a specified time frame for the buyer to conduct inspections on the property, and the procedures for handling any necessary repairs or negotiations. 6. Closing and Title: This section outlines the closing process, including the responsibilities of each party, the estimated closing date, and the handling of the title transfer and associated costs. 7. Contingencies: The contract may include contingencies that allow the buyer to terminate the agreement under certain conditions, such as failure to secure financing or unsatisfactory inspection results. 8. Additional Provisions: Any additional terms or conditions agreed upon between the buyer and seller can be included in this section. Types of San Antonio Texas Contract for the Sale and Purchase of Real Estate NowNo Broke— - Seller Financing or All Cash — Residential may include: 1. San Antonio Texas Contract for the Sale and Purchase of Real Estate NowNo Broke— - Seller Financing - Residential: This type of contract specifically caters to transactions where the seller provides financing to the buyer. The terms of the seller financing, including down payment, interest rate, and payment schedule, are detailed within the contract. 2. San Antonio Texas Contract for the Sale and Purchase of Real Estate NowNo Broke— - All Cash - Residential: This type of contract is suitable for all-cash transactions, where the buyer will pay the purchase price in a lump sum without any financing from the seller. The contract will outline the agreed-upon purchase price and closing terms. In conclusion, the San Antonio Texas Contract for the Sale and Purchase of Real Estate NowNo Broke— - Seller Financing or All Cash — Residential is a comprehensive legal document that facilitates the smooth transfer of residential properties in San Antonio, Texas. It provides specific terms and conditions tailored to both seller financing and all-cash transactions, allowing buyer and seller to reach a mutually beneficial agreement.
San Antonio Texas Contract for the Sale and Purchase of Real Estate - No Broker - Seller Financing or All Cash - Residential
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