Closing Any Property Within The State In Philadelphia

State:
Multi-State
County:
Philadelphia
Control #:
US-00447BG
Format:
Word
Instant download

Description

The Agreement for the Sale and Purchase of Residential Real Estate is a crucial legal document used for the closing of property transactions in Philadelphia. This form provides a clear outline of the terms and conditions under which the property will be sold, detailing items such as the purchase price, deposits, and contingencies regarding mortgage approval. Key features include stipulations about closing costs, and the responsibilities of both sellers and buyers, including the conveyance of title. Users must fill out property descriptions, price details, and any special provisions related to the sale. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who facilitate real estate transactions and need to ensure compliance with state laws during the closing process. It helps protect the rights and obligations of all parties involved, mitigating potential disputes. Specific use cases include handling transactions that involve contingencies on mortgage approvals or special liens against a property. Overall, this document serves as a comprehensive framework for closing real estate deals, outlining necessary legal protections and guidelines.
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  • Preview Agreement for the Sale and Purchase of Residential Real Estate

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FAQ

$216,914. The average Philadelphia, PA home value is $216,914, up 3.8% over the past year and goes to pending in around 32 days.

The One-Dollar Homeownership Program is the answer. These government owned properties are sold to community residents who wish to revitalize neighborhoods through affordable owner-occupied homeownership.

SheriffSales are public auctions where a property can be sold to collect unpaid debt. Debts can include outstanding water and sewer bills, School District of Philadelphia taxes, and city property taxes. There are two types of SheriffSales: mortgage foreclosure sales and tax sales.

Most Expensive Philadelphia Neighborhoods Rittenhouse Square. Rittenhouse Square is often considered one of the most sought after and most affluent neighborhoods in Philadelphia, and for good reason. Chestnut Hill. Society Hill. Old City. Queen Village. Washington Square West. Graduate Hospital. Northern Liberties.

Key Takeaways. U.S. homes were worth more in 2023, with value rising 5.3% or $2 trillion to $47.5 trillion total. To put that into context, that value is more than the ever-growing national debt.

Vacant Land Individuals and private homeowners interested in acquiring a PHA owned vacant lot are welcome to contact Jennifer Ragen at Jennifer.Ragen@pha.phila or (215) 684-5757 to ask if a particular property is available for fair market sale or may become available in the future.

In the 1990s, Philadelphia created a program to sell blighted properties for only $1, but it hasn't quite worked out as the city intended. Here's why a city program meant to revitalize neighborhoods and create community benefits ended up lining the pockets of people and organizations without much oversight.

The simple answer is - no - you do not need an attorney to buy or sell a home in Pennsylvania.

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Closing Any Property Within The State In Philadelphia