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.
West Palm Beach Florida Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
Category:
State:
Florida
City:
West Palm Beach
Control #:
FL-00472
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Florida Contract For Sale And Purchase Of Real Estate With No Broker For Residential Home Sale Agreement?
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FAQ
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.
The Five Elements of a Contract Offer. Acceptance. Consideration. Capacity. Lawful Purpose.
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.
Contracts may become invalid under the following circumstances: If the contract is against public policy. If the contract is illegal. If the offer/acceptance/consideration calls for action that violates the law ? such as gambling, robbery, etc.
?AS IS? Residential Contract for Sale and Purchase: A purchase agreement when the seller doesn't want to make any repairs or improvements, and the buyer can opt-out if they aren't satisfied after an inspection.
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.
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 real estate contract, also known as a purchase and sale agreement, is a legally binding agreement between the buyer and seller. The purpose of a real estate purchase and sale agreement is to clearly express the terms and conditions of the sale between the parties.