Florida Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
About this form
This form is a Contract for Sale and Purchase of Real Estate specifically designed for residential home sales in Florida. It allows parties to conduct a real estate transaction without involving a broker. This contract outlines the terms of the sale, including the sale price, property condition, financing options, and disclosures related to the property, ensuring clarity and legal compliance for both buyer and seller.
What’s included in this form
- Identification of the buyer and seller.
- Details regarding the property being sold.
- Sale price and payment terms, including cash or loan assumptions.
- Conditions regarding the property inspection and repairs.
- Disclosure of property conditions, including flood zone and potential radon issues.
- Legal obligations regarding title and property tax disclosures.
When to use this form
This form should be used when a residential property is being sold directly between a buyer and a seller without the involvement of a real estate broker. It is ideal for situations such as cash transactions, assumption of existing loans, or when a buyer is securing their financing independently. It ensures that both parties have a clear understanding of the terms and obligations related to the sale.
Who can use this document
This form is suitable for:
- Homeowners selling their property without a broker.
- Buyers looking to purchase a residential property without broker representation.
- Parties involved in cash sales or loan assumptions.
- Individuals seeking a clear, legally binding agreement related to a residential real estate transaction.
How to complete this form
- Identify the parties involved: Enter the full names and contact details of the buyer and seller.
- Specify the property: Provide a detailed description of the residential property being sold.
- Enter the sale price: Clearly state the agreed purchase price and any financing arrangements.
- Detail property condition: Include any clauses related to property inspections and acceptance of "as-is" conditions.
- Sign the contract: Ensure both parties sign and date the agreement to make it legally binding.
Does this document require notarization?
This form does not typically require notarization unless specified by local law. It is essential to verify specific requirements in your jurisdiction or within the terms of your transaction.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Failing to provide accurate property details, leading to potential disputes.
- Not including necessary inspections or disclosures, which can lead to legal issues.
- Inadequately specifying payment terms or contingencies.
- Forgetting to sign and date the contract, rendering it invalid.
Benefits of using this form online
- Convenience: Downloadable and editable, allowing you to complete the form at your own pace.
- Reliability: Crafted by licensed attorneys to ensure compliance with Florida law.
- Time-saving: Quickly access the form and make necessary modifications before finalizing the sale.
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FAQ
Such contracts are often termed as is contracts by which the buyer accepts the property in its current condition, as is without warranty by the seller as to any particular conditions.
Refunds for cancelled contracts for future services must be received within 20 days after the seller receives the notice of cancellation. Cancellation of a home solicitation sale must be made in writing to the seller by no later than midnight of the third business day after the day the buyer signed the contract.
You can actually buy your way out of the contract, though it won't come cheap. Through your agent, contact the buyer's agent and offer to refund the earnest money, and reimburse the buyer for their various expenses, such as the home inspection and other expenses incurred to bring the deal to this point.
Legal Definition of as is clause : a clause in an agreement providing that the buyer accepts the item for sale in its presently existing condition without modification or repair.
Such contracts are often termed as is contracts by which the buyer accepts the property in its current condition, as is without warranty by the seller as to any particular conditions.
Thus, an As-Is clause simply puts the buyer on notice that the sale is being made without warranty and that the property is accepted in its existing condition. It does not infringe on a buyer's right to inspect nor to ask for repairs and does not excuse the seller's required disclosures.
Such contracts are often termed as is contracts by which the buyer accepts the property in its current condition, as is without warranty by the seller as to any particular conditions.
What Does Sold As-Is Mean? Sellers list their homes for sale as-is when they don't want to do any repairs before closing. It means there are no guarantees from the seller that everything's in working condition. If you buy an as-is home and later find major problems, you're responsible for the repairs.
