This form is a Contract for the Sale and Purchase of Commercial Real Estate. The form requires information such as: property condition, earnest money, taxes pro ration and utilities. The form provides that the seller has agreed to sell and the buyer will purchase the property described in the form. This contract also contains a contingency for purchase based upon the sale of another property owned by the buyer.
Kansas Contract for the Sale and Purchase of Real Estate - No Broker - Commercial Lot or Land
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Multi-State
Control #:
US-00472C
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Word;
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How to fill out Contract For The Sale And Purchase Of Real Estate - No Broker - Commercial Lot Or Land?
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FAQ
Unlike some states, Kansas law does not require a standardized seller property disclosure form, although real estate agents often use a form designed to encompass standard disclosures. A potential buyer should always carefully review each item in any disclosure statement provided by a seller.
Statute of Frauds: A statute which requires certain types of contracts to be in writing in order to be enforceable.
Sales of real estate fall under the Statute of Frauds, and so all contracts for the sale of a home must be in writing.
To sell your own home (known as a For Sale By Owner or FSBO), you'll take on all the traditional work of a real estate agent. First, set a competitive listing price. Then prep your home, making repairs and adding curb appeal. Next, you'll be in charge of marketing the home, including open houses and showings.
Formal Versus Informal Contracts The contract contains an offer for some type of good or service, an acceptance of the offer, and consideration, or payment, for the goods or service delivered. An informal contract, by contrast, does not have to be signed or even written.
How to write a real estate purchase agreement.Identify the address of the property being purchased, including all required legal descriptions.Identify the names and addresses of both the buyer and the seller.Detail the price of the property and the terms of the purchase.Set the closing date and closing costs.More items...
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...?
How to Fill Out a Residential Purchase AgreementPlace the name(s) of the seller(s) on the contract.Write the date of the offer on the agreement.Add the purchase price to the contract.Include a request for the seller to provide a clear title and deed for the property.More items...
What is included in the contract?The names of the vendor and purchaser.The address of the property.The deposit amount and due date.The sale price.The date of the property settlement and whether there are any conditions.Whether the property is available as 'vacant possession' or 'subject to a lease'More items...
The bottom line is: Real estate contracts must always be in writing in order to be enforceable. While laws may vary from state to state, most states have a Statute of Frauds that applies.