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Paragraph 2 of the contract defines what ?Property? the seller is selling to the buyer. ing to the contract, the seller is convey- ing ?the land, improvements, and accessories.?
The One to Four Family Residential Contract states that all communication from one party to the other must be in writing and are effective when emailed, mailed, hand delivered, or faxed to the contact info listed in the blanks of paragraph 21.
Paragraph 2 of the contract describes what ?Property? description, lot, and block (mostly urban areas) and/or metes and bounds (mostly rural) and what the seller is willing to convey to the buyer.
Expert-Verified Answer. The information is required to fill out paragraph 3 of the trec one to four family residential contract will be interest rate. It informs the buyer that they may be extra charges or taxes if the property is located in an utilities company service area.
The answer is Paragraph 11, Special Provisions. Buyer submits an offer for buyer to purchase seller's property using the One to Four Family Residential Contract. Seller counteroffers, buyer accepts seller's counteroffer, and the buyer signs the contract.