A General Residential Sales Contract is a legal document that outlines the terms and conditions of a residential real estate transaction. This type of contract is typically used when a buyer and seller are entering into an agreement to purchase a single-family home, condominium, townhouse, duplex, or other type of residential property. The contract includes information about the parties involved, the purchase price, any contingencies to the sale, and the closing date. It also outlines the responsibilities of both the buyer and seller and provides a timeline for the completion of the transaction. Depending on the specific agreement, there may be different types of General Residential Sales Contracts, such as an As-Is Contract, a Home Warranty Contract, a Buyer Broker Agreement, or a Lease Option Contract.
General Residential Sales Contract
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