contract to sell property template

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contract to sell property overview

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aside from obvious items like the address and purchase price of the property, here are some more nuanced items you should be sure to include in your real estate purchase contract. if you need to obtain a certain type of loan to complete the deal, such as an fha or va loan, you should also specify this in your contract. if you want the seller to pay for part or all of your closing costs, you must ask for it in your offer. your real estate agent can advise you as to who generally pays each of these fees in your area—the buyer or the seller.

contract to sell property format

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contract to sell property guide

if you do not have the money to cover the replacement, the home inspection contingency gives you the option to walk away from the deal, as it is a costly expense. if you are an existing homeowner and need the funds from the sale of that home to buy the new property, you should make your purchase offer contingent upon the sale of your current home. the seller of the property you are interested in is not going to want to take their property off the market indefinitely while you search for a buyer. remember, if any of the contingencies put forth in your contract are not met, you can cancel the deal and keep your deposit—all without spending anything other than time.