This form is a Contract for the sale of real estate for use in California. It can be used for a cash sale, assumption or new loan buyer. The contract contains provisions common to a real estate transaction. No broker involved.
Daly City, located in California, offers a comprehensive Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement. This legally binding document outlines the terms and conditions involved in buying or selling residential properties without the involvement of a broker or real estate agent. The Daly City California Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is designed to facilitate streamlined transactions while protecting the rights and interests of all parties involved. The agreement ensures transparency, allowing both buyers and sellers in Daly City to navigate the property sale process confidently. This residential home sale agreement comprises several essential clauses that cover various aspects of the real estate transaction. These typically include: 1. Parties Involved: This section identifies the buyer and the seller by their legal names, addresses, and contact details. It is crucial to provide accurate information to avoid confusion during the transaction. 2. Property Description: This clause describes the residential property being sold, including its address, lot number, and legal description. It helps to prevent any ambiguity regarding the property's identity. 3. Purchase Price: Clearly stating the agreed-upon purchase price for the property is vital in the agreement. It ensures that both parties are aware of the financial obligations associated with the sale. 4. Earnest Money Deposit: This clause specifies the amount of earnest money or deposit required to secure the offer. It outlines the conditions under which the deposit will be refunded or forfeited if the sale falls through. 5. Contingencies: The agreement may include contingencies that allow the buyer to withdraw from the sale if specific conditions are not met. Common contingencies relate to financing, inspections, or the sale of the buyer's existing property. 6. Property Disclosures: This section highlights the seller's obligation to disclose any known material defects or issues affecting the property's condition. It is crucial for transparency and buyer protection. 7. Closing Date and Escrow: This clause outlines the timeframe within which the sale is expected to close and mentions the escrow company responsible for holding funds and necessary documents during the transaction. Different types of Daly City California Contracts for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement may exist depending on the specific needs of the parties involved. Variations may include customized terms, additional clauses, or revisions to suit unique circumstances. It is essential for buyers and sellers in Daly City, California, to consult with legal professionals or experienced real estate agents to ensure their specific requirements are met within the residential home sale agreement. A well-drafted contract provides a solid framework for a smooth and satisfactory real estate transaction.Daly City, located in California, offers a comprehensive Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement. This legally binding document outlines the terms and conditions involved in buying or selling residential properties without the involvement of a broker or real estate agent. The Daly City California Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is designed to facilitate streamlined transactions while protecting the rights and interests of all parties involved. The agreement ensures transparency, allowing both buyers and sellers in Daly City to navigate the property sale process confidently. This residential home sale agreement comprises several essential clauses that cover various aspects of the real estate transaction. These typically include: 1. Parties Involved: This section identifies the buyer and the seller by their legal names, addresses, and contact details. It is crucial to provide accurate information to avoid confusion during the transaction. 2. Property Description: This clause describes the residential property being sold, including its address, lot number, and legal description. It helps to prevent any ambiguity regarding the property's identity. 3. Purchase Price: Clearly stating the agreed-upon purchase price for the property is vital in the agreement. It ensures that both parties are aware of the financial obligations associated with the sale. 4. Earnest Money Deposit: This clause specifies the amount of earnest money or deposit required to secure the offer. It outlines the conditions under which the deposit will be refunded or forfeited if the sale falls through. 5. Contingencies: The agreement may include contingencies that allow the buyer to withdraw from the sale if specific conditions are not met. Common contingencies relate to financing, inspections, or the sale of the buyer's existing property. 6. Property Disclosures: This section highlights the seller's obligation to disclose any known material defects or issues affecting the property's condition. It is crucial for transparency and buyer protection. 7. Closing Date and Escrow: This clause outlines the timeframe within which the sale is expected to close and mentions the escrow company responsible for holding funds and necessary documents during the transaction. Different types of Daly City California Contracts for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement may exist depending on the specific needs of the parties involved. Variations may include customized terms, additional clauses, or revisions to suit unique circumstances. It is essential for buyers and sellers in Daly City, California, to consult with legal professionals or experienced real estate agents to ensure their specific requirements are met within the residential home sale agreement. A well-drafted contract provides a solid framework for a smooth and satisfactory real estate transaction.
