Harris Texas Contract for the Sale and Purchase of Real Estate - No Broker - Residential Lot or Land

• Category: Real Estate - Contracts - Land or Lots
• State: Multi-State
• County: Harris
• Control #: US-00472B
• Format: Word; Rich Text

Description

This form should be used for the sale of a residential lot or land. The Harris Texas Contract for the Sale and Purchase of Real Estate is a legal document used in the state of Texas when buying or selling residential lots or land without involving a real estate broker. This contract outlines the terms and conditions agreed upon by the buyer and the seller during the transaction, ensuring a smooth and transparent process for both parties involved. Key elements included in the Harris Texas Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land typically consist of: 1. Parties Involved: This section identifies the buyer and seller involved in the transaction, along with their contact information and legal representation. 2. Property Description: Detailed information regarding the residential lot or land being sold is provided, which may include the property address, size, boundaries, improvements, easements, and restrictions. 3. Purchase Price: The agreed-upon purchase price is clearly stated, including the currency and any earnest money deposit to be paid by the buyer. 4. Financing and Contingencies: If the buyer requires external financing, this section details the terms and conditions of the loan, as well as any contingencies for loan approval or appraisal. 5. Title Examination: The contract may include provisions for a title examination by a licensed attorney or title company, verifying that the seller has clear and marketable title to the property. 6. Property Condition: The contract may include disclosures about the property's current condition, including any existing damages, encroachments, or environmental hazards. 7. Closing and Possession: This section outlines the agreed-upon closing date, location, and the party responsible for various closing costs. It also specifies the possession date and potential holdover charges if possession is not given on time. 8. Seller's Representations: The seller may make various representations and warranties regarding the property, such as the absence of undisclosed liens or claims. 9. Dispute Resolution: The contract may specify the chosen method for resolving any disputes that may arise during or after the transaction, such as mediation, arbitration, or litigation. 10. Additional Provisions and Addendums: Depending on the specific circumstances, additional provisions or addendums may be included to address unique aspects of the transaction, such as contingencies related to inspections, surveys, or zoning. Different types or versions of the Harris Texas Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land may exist, tailored for specific situations or property types. Examples may include contracts for undeveloped or rural land, contracts for lots within a specific subdivision or community, or contracts including additional clauses for financing through owner financing or assumption of an existing mortgage. It is important to consult with a qualified attorney or real estate professional to ensure that the chosen contract suits your specific needs and complies with all relevant laws and regulations.

The Harris Texas Contract for the Sale and Purchase of Real Estate is a legal document used in the state of Texas when buying or selling residential lots or land without involving a real estate broker. This contract outlines the terms and conditions agreed upon by the buyer and the seller during the transaction, ensuring a smooth and transparent process for both parties involved. Key elements included in the Harris Texas Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land typically consist of: 1. Parties Involved: This section identifies the buyer and seller involved in the transaction, along with their contact information and legal representation. 2. Property Description: Detailed information regarding the residential lot or land being sold is provided, which may include the property address, size, boundaries, improvements, easements, and restrictions. 3. Purchase Price: The agreed-upon purchase price is clearly stated, including the currency and any earnest money deposit to be paid by the buyer. 4. Financing and Contingencies: If the buyer requires external financing, this section details the terms and conditions of the loan, as well as any contingencies for loan approval or appraisal. 5. Title Examination: The contract may include provisions for a title examination by a licensed attorney or title company, verifying that the seller has clear and marketable title to the property. 6. Property Condition: The contract may include disclosures about the property's current condition, including any existing damages, encroachments, or environmental hazards. 7. Closing and Possession: This section outlines the agreed-upon closing date, location, and the party responsible for various closing costs. It also specifies the possession date and potential holdover charges if possession is not given on time. 8. Seller's Representations: The seller may make various representations and warranties regarding the property, such as the absence of undisclosed liens or claims. 9. Dispute Resolution: The contract may specify the chosen method for resolving any disputes that may arise during or after the transaction, such as mediation, arbitration, or litigation. 10. Additional Provisions and Addendums: Depending on the specific circumstances, additional provisions or addendums may be included to address unique aspects of the transaction, such as contingencies related to inspections, surveys, or zoning. Different types or versions of the Harris Texas Contract for the Sale and Purchase of Real Estate NowNo Broke— - Residential Lot or Land may exist, tailored for specific situations or property types. Examples may include contracts for undeveloped or rural land, contracts for lots within a specific subdivision or community, or contracts including additional clauses for financing through owner financing or assumption of an existing mortgage. It is important to consult with a qualified attorney or real estate professional to ensure that the chosen contract suits your specific needs and complies with all relevant laws and regulations.