This form is a Contract for the sale of real estate for use in Oklahoma. It can be used for a cash sale, assumption or new loan buyer. The contract contains provisions common to a real estate transaction. No broker involved.
Residential Service Agreement Oklahoma With Option To Purchase
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How to fill out Oklahoma Contract For Sale And Purchase Of Real Estate With No Broker For Residential Home Sale Agreement?
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FAQ
How to Create a Purchase Addendum (4 steps)Step 1 Get the Original Purchase Agreement. The buyer and seller should get a copy of the original purchase agreement.Step 2 Write the Addendum. Complete a blank addendum (Adobe PDF, Microsoft Word (.Step 3 Parties Agree and Sign.Step 4 Add to the Purchase Agreement.
A lot of times at least, in my state of Oklahoma that money does go back to the buyer. But, check with your agent and find out for yourself. And, that is what an option period in a real estate contract is. Christi Gillentine is a Real Estate Agent with Keller Williams Realty in Tulsa, Oklahoma.
Usually, the seller has about 72 hours to decide what to do with your offer, but the default amount can vary by state, or be determined by adjusting this deadline in the purchase agreement your buyer's agent may submit on your behalf.
No matter the format, an option to purchase must: 1) state the option fee, 2) set the duration of the option period, 3) outline the price for which the tenant will purchase the property in the future, and 4) comply with local and state laws.
Your sale and purchase agreement should include the following:Your name(s) and the names of the seller(s).The address of the property.The type of title (for example, freehold or leasehold).The price.Any deposit you must pay.Any chattels being sold with the property (for example, whiteware or curtains).More items...