This is a generic form for the sale of residential real estate. Please check your state=s law regarding the sale of residential real estate to insure that no deletions or additions need to be made to the form. This form has a contingency that the Buyers= mortgage loan be approved. A possible cap is placed on the amount of closing costs that the Sellers will have to pay. Buyers represent that they have inspected and examined the property and all improvements and accept the property in its "as is" and present condition.
Sell Closure Property Formula In Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-00447BG
Format:
Word
Instant download
Description
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FAQ
1. Property owner (applicant) must be 65 years of age or older. 2. The property must be the primary residence of the property owner and must have lived there for at least 2 years.
This does not freeze your property tax bill, but it does freeze the property valuation. To qualify, you must meet the following criteria: Property owner must be 65 years of age or older. Property must be the primary residence and the owner(s) must have resided at the residence for at least 2 years.
However, certain changes, such as new constructions or additions, parcel splits or consolidations, or changes to a property's use trigger a reassessment of the LPV.