South Carolina Purchase Contract and Receipt - Residential

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Multi-State
Control #:
US-01726-AZ
Format:
Word; 
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Description

This form is a purchase contract and receipt for sale of real estate. If a residential dwelling is sold, you should use a full length contract. This contract is appropriate for the sale of unimproved land. Adapt to fit your specific facts and circumstances.
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  • Preview Purchase Contract and Receipt - Residential
  • Preview Purchase Contract and Receipt - Residential
  • Preview Purchase Contract and Receipt - Residential

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FAQ

The statute requires that the disclosure statement include information on: (1) the water supply and sanitary sewage disposal system; (2) the roof, chimneys, floors, foundation, basement, and other structural components; (3) the plumbing, electrical, heating, cooling, and other mechanical systems; (4) past or present,

What Should I Include in a Sales Contract?Identification of the Parties.Description of the Services and/or Goods.Payment Plan.Delivery.Inspection Period.Warranties.Miscellaneous Provisions.

These conditions will include the closing date, purchase price, financing terms, and expiration date by which both parties must agree to the conditions. Ownership of the property can only be transferred legally if both the seller and buyer agree to the prescribed terms and sign the contract.

FORM 310 PAGE 1 of 6. AGREEMENT TO BUY AND SELL REAL ESTATE. RESIDENTIAL. 1. PARTIES: This legally binding Agreement entered into on ,20 between, Buyer(s), ,(hereinafter called "BUYER"), and Seller(s), ,(hereinafter called SELLER).

Although not as widely used in the home-buying process in North Carolina, the earnest money is a fee that can be refunded to you if you back out of the contract before the end of the due diligence period. As long as you reach the closing day, both of these funds will be credited to you at settlement.

Yes, a South Carolina attorney will need to supervise the closing on the mortgage. For the same reasons stated above, a refinance of a home requires an attorney to oversee the closing. The mortgage will attach to the property and affect the title.

NON-RELIANCE CLAUSE: Both Buyer and Seller hereby acknowledge that they have not received or relied nor could have relied upon any statements or representations or promises or agreements or inducements by either Broker or their agents which are not expressly stipulated herein.

In South Carolina, a seller can get out of a real estate contract if the buyer's contingencies are not metthese include financial, appraisal, inspection, insurance, or home sale contingencies agreed to in the contract.

Any kind of service or product that was sold to you at your home by someone coming to your door and selling it to you is subject to your right to cancel the purchase. You're entitled to a full refund if you notify the seller that you are cancelling the sale within three business days.

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South Carolina Purchase Contract and Receipt - Residential