This form is a Contract for the sale of real estate for use in Oklahoma. 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.
The Oklahoma City Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is a legal document that outlines the terms and conditions for the sale and purchase of a residential property in Oklahoma City, Oklahoma, without the involvement of a real estate broker. This agreement is designed to protect the interests of both the buyer and the seller in a real estate transaction. It clearly establishes the agreed-upon terms, including the purchase price, financing arrangements, closing process, and any additional contingencies. The Oklahoma City Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement can be customized to suit the specific needs of the parties involved. Different types of this agreement may include variations such as: 1. Cash Sale Agreement: This type of agreement is used when the buyer intends to purchase the property outright with cash, without the need for financing. It typically includes provisions regarding proof of funds and an accelerated closing process. 2. Financing Contingency Agreement: This type of agreement includes specific provisions that allow the buyer to terminate the agreement if they are unable to secure financing for the purchase. It may outline the buyer's responsibilities in obtaining a loan and the timeframe for approval. 3. As-Is Agreement: This type of agreement states that the property is being sold in its current condition, with no warranties or guarantees from the seller. It may include provisions that allow the buyer to inspect the property before finalizing the sale. 4. Seller Financing Agreement: This type of agreement outlines the terms of a seller financing arrangement, where the seller acts as the lender for the buyer. It typically includes details about the interest rate, repayment terms, and any collateral required. 5. Lease Purchase Agreement: This type of agreement combines a lease agreement with an option to purchase the property at a later date. It outlines the rental terms and conditions, as well as the option terms, including the purchase price and any applicable credits. In conclusion, the Oklahoma City Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is a comprehensive legal document that provides a clear framework for buying or selling a residential property in Oklahoma City without the involvement of a real estate broker.The Oklahoma City Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is a legal document that outlines the terms and conditions for the sale and purchase of a residential property in Oklahoma City, Oklahoma, without the involvement of a real estate broker. This agreement is designed to protect the interests of both the buyer and the seller in a real estate transaction. It clearly establishes the agreed-upon terms, including the purchase price, financing arrangements, closing process, and any additional contingencies. The Oklahoma City Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement can be customized to suit the specific needs of the parties involved. Different types of this agreement may include variations such as: 1. Cash Sale Agreement: This type of agreement is used when the buyer intends to purchase the property outright with cash, without the need for financing. It typically includes provisions regarding proof of funds and an accelerated closing process. 2. Financing Contingency Agreement: This type of agreement includes specific provisions that allow the buyer to terminate the agreement if they are unable to secure financing for the purchase. It may outline the buyer's responsibilities in obtaining a loan and the timeframe for approval. 3. As-Is Agreement: This type of agreement states that the property is being sold in its current condition, with no warranties or guarantees from the seller. It may include provisions that allow the buyer to inspect the property before finalizing the sale. 4. Seller Financing Agreement: This type of agreement outlines the terms of a seller financing arrangement, where the seller acts as the lender for the buyer. It typically includes details about the interest rate, repayment terms, and any collateral required. 5. Lease Purchase Agreement: This type of agreement combines a lease agreement with an option to purchase the property at a later date. It outlines the rental terms and conditions, as well as the option terms, including the purchase price and any applicable credits. In conclusion, the Oklahoma City Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is a comprehensive legal document that provides a clear framework for buying or selling a residential property in Oklahoma City without the involvement of a real estate broker.