Virginia Home Purchase Contract Form

State:
Virginia
Control #:
VA-P033-PKG
Format:
PDF; 
Word; 
Rich Text
Instant download

Description

This package contains the forms that are necessary for sellers and purchasers to enter into a legally binding obligation to sell and purchase real property at the expiration of or during a lease term. In a lease purchase agreement, a party agrees to purchase a particular piece of real property within a certain timeframe, usually at a price determined beforehand. With this package, you will find the essential forms to assist you in successfully entering into and executing a commitment to purchase or sell real property. The documents in this package include the following:


1) Contract for Lease and Mandatory Purchase of Real Estate-Specific Performance Clause;


2) Contract for Lease and Purchase of Real Estate- Purchase by Date or Leave;


3) Personal Guaranty of Contract for the Lease and Purchase of Real Estate; and


4) Residential Real Estate Sales Disclosure Statement.

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FAQ

Any purchase agreement should include at least the following information:The identity of the buyer and seller.A description of the property being purchased.The purchase price.The terms as to how and when payment is to be made.The terms as to how, when, and where the goods will be delivered to the purchaser.More items...?07-Nov-2019

How do I complete an offer to purchase?The buyer's details.The commission owed to the agent of the estate or broker as agreed upon by the parties involved.The occupation date this refers to when the seller is expected to vacate and buyer moves to occupy the property.More items...?01-Apr-2020

A written offer may contain these elements, among others:Address: The home's legal address, and sometimes the legal property description.Price: Details regarding the purchase price and terms.Earnest money: The amount and terms regarding the earnest money, including its disposition upon the acceptance of the offer.More items...

Let's break it down into five simple steps.Step 1: Decide How Much To Offer.Step 2: Decide On Contingencies.Step 3: Decide On How Much Earnest Money To Offer.Step 4: Write An Offer Letter.Step 5: Negotiate The Price And Terms Of The Sale.

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More info

How do I fill out a Real Estate Purchase Agreement? The Virginia Listing Agreement is a contract between the seller and the listing agent.If you have a contract question, please consult your Broker or a licensed Attorney. Specific performance provisions allow buyers to bring a seller to court if they don't follow through with the purchase agreement.

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Virginia Home Purchase Contract Form