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California Purchase or Sale of Real Property - Land or Lot - Questionnaire

State:
Multi-State
Control #:
US-Q1036
Format:
Word; 
Rich Text
Instant download

Description

This form addresses important considerations that may effect the legal rights and obligations of the parties in a lot or land sale matter. This questionnaire enables those seeking legal help to effectively identify and prepare their issues and problems. Thorough advance preparation enhances the attorney’s case evaluation and can significantly reduce costs associated with case preparation.



This questionnaire may also be used by an attorney as an important information gathering and issue identification tool when forming an attorney-client relationship with a new client. This form helps ensure thorough case preparation and effective evaluation of a new client’s needs. It may be used by an attorney or new client to save on attorney fees related to initial interviews.


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FAQ

Sellers and buyers can include a variety of requirements in a California land purchase agreement: Purchase price and payment terms. Interest rates. Fees based on taxes and insurance.

The SPQ is designed to trigger the seller's memory about the property and prompt the seller to disclose specific material facts. The seller must disclose all known material facts, even if those facts relate to things that occurred in the past, including prior to the seller's ownership of the property.

Essential elements of an agreement of sale of immovable property are: parties (buyer & seller); price (purchase price); subject of sale (immovable property); prescribed formalities (agreement must be in writing and signed by the parties). A contract of sale need not be embodied in a single formal document.

PURPOSE: To tell the Buyer about known material or significant items affecting the value or desirability of the Property and help to eliminate misunderstandings about the condition of the Property. As the Seller, answer based on actual knowledge and recollection at this time.

Legality of contracts for deed. Recorded in the public record, contracts for deed are legally enforceable. Many sellers prefer to keep the contract details between themselves and buyers private. Benefits for buyer and seller.

There is no legal requirement for a Seller Property Questionnaire. These forms exist because CAR (The California Association of Realtors) knows that the more the seller the discloses the safer they are. So, even though a seller is exempt.

A. General Disclosure Duties: You must affirmatively disclose to the buyer, in writing, any and all known facts that materially affect the value or desirability of your Property. You must disclose these facts whether or not asked about such matters by the buyer, any broker, or anyone else.

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A California land contract records the terms of the sale of undeveloped or vacant property. A buyer can purchase either commercial or residential land from a seller by drafting a land contract with all the appropriate information, such as the land's legal description as well as the agreed-upon purchase price.

More info

Date Prepared: 1. OFFER: A. THIS IS AN OFFER FROM. (?Buyer?). B. THE REAL PROPERTY to be acquired is. , situated in. (City),. (County), California,  ...11 pages Date Prepared: 1. OFFER: A. THIS IS AN OFFER FROM. (?Buyer?). B. THE REAL PROPERTY to be acquired is. , situated in. (City),. (County), California,  ... Include the full names, addresses, and phone numbers for both the buyer and the seller. You can add multiple buyers or sellers if needed. 2.In today's hot real estate market it's relatively easy to sell your average house, but selling land can be tricky and knowing how to sell land can make a ... Through our experience in real estate, several questions are frequently asked by buyers and sellers alike. We've compiled some of the most ... The real estate professional will draft a purchase agree-Survey of property required by lender; shows lot size, easements, any.48 pages the real estate professional will draft a purchase agree-Survey of property required by lender; shows lot size, easements, any. On a piece of land with a lot of unanswered questions, I'd strongly suggest talking to a lawyer before making a bid. HIRING A LAWYER. It's wise to hire a real ... This is a legal document signed by a potential buyer making an offer on the real property for sale. The purchase agreement should indicate that the offer is for ... There are many important steps to purchasing commercial real estate in California. Buyers should be aware of these steps when buying ... A CMA is usually done by a real estate agent.Usually the buyer's agent will write up the purchase/sale agreement. If the buyer doesn't ... Learn how to write a real estate purchase agreement when buying or selling property, and create a custom form.

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California Purchase or Sale of Real Property - Land or Lot - Questionnaire