The Real Estate Sales Agreement Form is essential for any property transaction in the United States. This document is used when transferring ownership of real property, whether residential or commercial. It encompasses all necessary elements required by federal and state laws, including property details, financial terms, contingencies, and closing requirements. The agreement protects both buyers and sellers by clearly defining their rights and obligations, while ensuring compliance with local real estate regulations and disclosure requirements. It serves as the foundation for the entire transaction and is typically required by title companies, lenders, and recording offices.
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1. Parties: Identification of buyer and seller with full legal names and addresses
2. Background: Context of the sale and brief property description
3. Definitions: Key terms used throughout the agreement
4. Property Description: Detailed legal description of the property being sold
5. Purchase Price: Amount and payment terms
6. Closing Details: Date, location, and requirements for closing
7. Representations and Warranties: Standard seller and buyer warranties about the property and transaction
8. Default and Remedies: Consequences of breach and available remedies
1. Financing Contingency: Terms and conditions related to buyer's ability to secure mortgage financing
2. Inspection Contingency: Terms related to property inspection rights and timelines
3. Sale of Existing Home Contingency: Conditions related to buyer's need to sell existing property before completing purchase
4. Tenant Rights: Provisions dealing with existing tenant considerations and lease agreements
1. Property Disclosure Statement: Detailed disclosure of property condition and known issues
2. Title Report: Current title status and any encumbrances on the property
3. Property Survey: Professional survey showing property boundaries and features
4. Fixture and Personal Property List: Itemized list of included and excluded items in the sale
5. Environmental Reports: Environmental assessments and reports related to the property
Relevant legal definitions
Agreement
Property
Purchase Price
Closing Date
Closing
Deed
Deposit
Earnest Money
Effective Date
Escrow Agent
Fixtures
Good Faith Deposit
Improvements
Personal Property
Possession Date
Real Property
Settlement Statement
Title Company
Title Insurance
Due Diligence Period
Contingency Period
Permitted Exceptions
Property Disclosure Statement
Seller's Agent
Buyer's Agent
Survey
Zoning Laws
Encumbrances
Default
Force Majeure
Business Day
Inspection Period
Material Defect
Closing Costs
Recording Fees
Property
Purchase Price
Closing Date
Closing
Deed
Deposit
Earnest Money
Effective Date
Escrow Agent
Fixtures
Good Faith Deposit
Improvements
Personal Property
Possession Date
Real Property
Settlement Statement
Title Company
Title Insurance
Due Diligence Period
Contingency Period
Permitted Exceptions
Property Disclosure Statement
Seller's Agent
Buyer's Agent
Survey
Zoning Laws
Encumbrances
Default
Force Majeure
Business Day
Inspection Period
Material Defect
Closing Costs
Recording Fees
Clauses
Property Description
Purchase Price
Payment Terms
Title Transfer
Warranties and Representations
Property Inspection
Due Diligence
Contingencies
Earnest Money
Closing Conditions
Risk of Loss
Default and Remedies
Property Condition
Disclosures
Environmental Matters
Assignment
Notices
Possession
Prorations
Title Insurance
Force Majeure
Survival
Governing Law
Dispute Resolution
Costs and Expenses
Agency Disclosure
Severability
Entire Agreement
Binding Effect
Time of Essence
Purchase Price
Payment Terms
Title Transfer
Warranties and Representations
Property Inspection
Due Diligence
Contingencies
Earnest Money
Closing Conditions
Risk of Loss
Default and Remedies
Property Condition
Disclosures
Environmental Matters
Assignment
Notices
Possession
Prorations
Title Insurance
Force Majeure
Survival
Governing Law
Dispute Resolution
Costs and Expenses
Agency Disclosure
Severability
Entire Agreement
Binding Effect
Time of Essence
Relevant Industries
Relevant Teams
Relevant Roles
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