This form is a Contract for the sale of real estate for use in Pennsylvania. 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.
Philadelphia Pennsylvania Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
Category:
State:
Pennsylvania
County:
Philadelphia
Control #:
PA-00472
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Pennsylvania Contract For Sale And Purchase Of Real Estate With No Broker For Residential Home Sale Agreement?
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FAQ
Yes, you can own a real estate brokerage without being a licensed broker in Pennsylvania. However, you must employ a licensed broker who manages the day-to-day operations. This arrangement allows you to operate a brokerage while complying with state regulations. Understanding your responsibilities through resources like uslegalforms can assist you in meeting the legal requirements efficiently.
Any purchase agreement should include at least the following information: The identity of the buyer and seller. A description of the property being purchased. The purchase price. The terms as to how and when payment is to be made. The terms as to how, when, and where the goods will be delivered to the purchaser.
How to write a real estate purchase agreement. Identify the address of the property being purchased, including all required legal descriptions. Identify the names and addresses of both the buyer and the seller. Detail the price of the property and the terms of the purchase. Set the closing date and closing costs.
The simple answer is - no - you do not need an attorney to buy or sell a home in Pennsylvania. There is no legal requirement that an attorney be involved in any stage of the transaction.
How do I write a Sales Agreement? Specify your location.Provide the buyer's and seller's information.Describe the goods and services.State the price and deposit details (if applicable)Outline payment details.Provide delivery terms.Include liability details.State if there's a warranty on the goods.
At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.
6 steps to sell a home in Pennsylvania without a realtor Get your home ready to sell.Price your home accurately.List your home.Show your home.Consider offers.Use a title and/or escrow company.
Most purchase agreements in real estate are contingent on two items - The home inspection and mortgage financing contingencies.
A draft contract is an agreement that's not finalized. During the process of a property transaction, for instance, the first agreement is called the draft contract. The precise terms and wording also have not been agreed to by all sides.
The simple answer is - no - you do not need an attorney to buy or sell a home in Pennsylvania. There is no legal requirement that an attorney be involved in any stage of the transaction. However, the proper question to be asked is if it would be advisable for you to be represented by an attorney.