Port St. Lucie Florida Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement

State:
Florida
City:
Port St. Lucie
Control #:
FL-00472
Format:
Word; 
Rich Text
Instant download

Description

This form is a Contract for the sale of real estate for use in Florida. 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.


Port St. Lucie Florida is a city located on the eastern coast of Florida. It is a popular destination for homebuyers due to its beautiful beaches, excellent schools, and thriving community. When buying or selling a residential home in Port St. Lucie, it is important to have a well-drafted contract to ensure a smooth and legally sound transaction. The Port St. Lucie Florida Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is a legally binding document that outlines the terms and conditions of a real estate sale between a buyer and a seller, without the involvement of a broker. This type of agreement is commonly used in for-sale-by-owner (FBO) transactions, where the seller takes on the responsibility of marketing and negotiating the sale of their own property. The contract typically includes important details such as the names and contact information of both parties, the property address, and a detailed description of the property being sold. It will also specify the purchase price, any contingencies or conditions for the sale, and the timeframe for the completion of the transaction. Different types of Port St. Lucie Florida Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement may exist depending on the specific needs and circumstances of the buyer and seller. There could be variations based on factors such as the type of property being sold (single-family home, condominium, townhouse, etc.) or specific provisions requested by either party. Some common variations include agreements with specific contingencies, such as financing contingency (where the buyer must secure a mortgage loan), inspection contingency (allowing the buyer to conduct a professional inspection of the property), or appraisal contingency (which stipulates that the property must appraise for at least the agreed-upon price). Additionally, variations may also arise based on any unique provisions negotiated between the buyer and seller, such as seller financing, lease-to-own options, or specific repair or upgrade requests. It's essential for both parties involved in a real estate transaction to carefully review and understand the contract to ensure compliance with local laws and regulations. Hiring a real estate attorney or seeking professional advice can help guide buyers and sellers through the process, ensuring a legally sound and satisfactory agreement for all parties involved.

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  • Preview Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
  • Preview Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
  • Preview Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
  • Preview Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
  • Preview Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
  • Preview Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
  • Preview Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
  • Preview Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
  • Preview Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
  • Preview Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
  • Preview Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement

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FAQ

The Five Elements of a Contract Offer. Acceptance. Consideration. Capacity. Lawful Purpose.

Required Elements of a Real Estate Contract To establish legality, a real estate contract must include a legal purpose, legally competent parties, agreement by offer and acceptance, consideration, and consent.

A Florida Real Estate Contract must be in writing and contain the following, in order to be legally binding; The parties to the contract - Buyers and Sellers identification. Identification of the Real Property by means of a legal description and street address.

The ?AS IS? Heading It is in fact one of the most common standard contracts used in Florida. The ?AS IS? Contract simply places no repair obligations on the seller, while the Standard Contract has default terms requiring that the seller make certain types of repairs up to a certain dollar amount.

While Florida law requires no particular form of contract for a real estate transaction, the FR/BAR Contract forms are the most utilized and well-recognized residential contract forms in Florida.

Florida law recognizes oral brokerage agreements as valid and enforceable. While the burden of proof is on the party who asserts an oral contract, and it is certainly more prudent to have a written agreement, a real estate broker or agent can still recover their commission even when there's no written contract.

We often get this question on Florida Realtors Legal Hotline: Is earnest money required to make a contract legal and binding? The short answer: no. Deposits often provide evidence of a buyer's commitment to the purchase, but they're not required by law.

Under Florida law, contracts involving goods priced at $500 or more, promises to pay the debts of another, promises made in consideration of marriage, and promises that cannot be fulfilled within one year must be written to be valid.

A purchase agreement is the most common type of real estate agreement. This contract specifies the details regarding the sale of property.

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Port St. Lucie Florida Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement