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1 2 3 4 5 6 The printed portions of this form, except differentiated additions, have been approved by the Colorado Real Estate Commission. (CBS4-8-13) (Mandatory 1-14) THIS FORM HAS IMPORTANT LEGAL.

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Identify the address of the property being purchased, including all required legal descriptions. Identify the names and addresses of both the buyer and the seller. Detail the price of the property and the terms of the purchase. Set the closing date and closing costs.

Key Takeaways. When you make a purchase offer on a home, make sure you fully understand all of the conditions specified in your contract. Some important contingency clauses should include financing, home inspections, closing costs, and the closing date, among others.

First and foremost, a purchase agreement must outline the property at stake. It should include the exact address of the property and a clear legal description.

The Five Elements of a Contract Offer. Acceptance. Consideration. Capacity. Lawful Purpose.

At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.

A contract for deed is a contract in which the buyer pays for land by making monthly payments for a certain period of years. The buyer does not own or have title to the land until all the payments have been made under the contract.

Land contract cons. Higher interest rates — Since the seller is taking most of the risk, they may insist on a higher interest rate than a traditional mortgage. Ownership is unclear — The seller retains the property title until the land contract is paid in full.

How Do You Structure a Seller Financing Deal? Don't use current market interest rates to create the interest rate for your seller financing loan. ... The higher the price…the longer the loan term. ... Bring as little cash to the deal as possible. ... Defer payments if possible. ... Exchange down payment for needed repairs.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232