In this contract, seller agrees to sell and to convey to buyer and the buyer agrees to purchase from seller certain property described in the contract. The contract also states that the monthly payments, interest rates and other terms of some loans may be adjusted by the lender at or after closing. The contract also contains a section entitled Broker Information and Ratification of Fee? which states that the listing broker will pay the other broker a certain percentage of the total sales price when the listing brokers fee is received.
1 To 4 Family Residential Contract With Nike
Category:
State:
Texas
Control #:
TX-1063
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Texas One To Four Family Residential Contract - Resale - All Cash, Assumption, Third Party Conventional Or Seller Financing?
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FAQ
Whats one key difference between the one to four family residential resale contract and the new home contract incomplete construction? The new home contract incomplete construction does not contain improvements, accessories, or exclusions.
How is paragraph 2 of the Residential Condominium Contract different from the One to Four Family Residential Contract? It provides the property description of the condominium unit. A buyer and seller enter into an agreement for buyer to purchase seller's 300-acre ranch using the TREC Farm and Ranch Contract.
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.? Improvements include the house, garage, and all other ?fixtures? and improvements attached to the real property.
Under Paragraph 5(B), Termination Option, a buyer may pay a fee to have the unrestricted right to terminate the contract within a nego- tiated number of days. Under Paragraph 5(A), the option fee must be paid to the escrow agent along with the earnest money within three days after the effective date of the con- tract.
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.