This form is a Contract for the sale of real estate for use in South Carolina. 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 North Charleston South Carolina Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is an important legal document that outlines the terms and conditions between a buyer and seller in a real estate transaction. This contract is specifically designed for residential home sales in North Charleston, South Carolina, and does not involve any brokers or real estate agents. The agreement sets forth the details of the property being sold, including its address, legal description, and the names of the buyer and seller. It also includes the purchase price, which is the amount agreed upon by both parties for the sale of the property. To ensure a smooth and fair transaction, the contract includes various provisions, such as a property inspection contingency, financing contingency, and a deadline for obtaining a mortgage commitment. These contingencies protect the buyer's interests and provide an opportunity to back out of the deal if certain conditions are not met. Furthermore, the agreement outlines the responsibilities and obligations of both the buyer and seller. It covers topics such as closing costs, property taxes, and the allocation of expenses between the parties. Other important terms, such as the type of deed to be used for the transfer of ownership, are also addressed in the contract. North Charleston may have different variations of this contract based on specific circumstances or special requirements. Some common variations could include: 1. North Charleston South Carolina Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement — Cash Sale: This contract is used when the buyer intends to purchase the property in cash without any financing or mortgage involved. 2. North Charleston South Carolina Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement — Conventional Financing: This contract is utilized when the buyer intends to secure a conventional mortgage to finance the purchase of the property. 3. North Charleston South Carolina Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement — FHA Financing: This contract is employed when the buyer intends to obtain financing through the Federal Housing Administration (FHA) to purchase the property. 4. North Charleston South Carolina Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement — VA Financing: This contract is used when the buyer is a qualified veteran or active duty military personnel eligible for a loan through the Department of Veterans Affairs (VA). In conclusion, the North Charleston South Carolina Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is a comprehensive and legally binding document that protects both the buyer and seller in a residential property sale. It ensures transparency, outlines the terms and conditions, and ensures a fair and smooth transaction between the parties involved.The North Charleston South Carolina Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is an important legal document that outlines the terms and conditions between a buyer and seller in a real estate transaction. This contract is specifically designed for residential home sales in North Charleston, South Carolina, and does not involve any brokers or real estate agents. The agreement sets forth the details of the property being sold, including its address, legal description, and the names of the buyer and seller. It also includes the purchase price, which is the amount agreed upon by both parties for the sale of the property. To ensure a smooth and fair transaction, the contract includes various provisions, such as a property inspection contingency, financing contingency, and a deadline for obtaining a mortgage commitment. These contingencies protect the buyer's interests and provide an opportunity to back out of the deal if certain conditions are not met. Furthermore, the agreement outlines the responsibilities and obligations of both the buyer and seller. It covers topics such as closing costs, property taxes, and the allocation of expenses between the parties. Other important terms, such as the type of deed to be used for the transfer of ownership, are also addressed in the contract. North Charleston may have different variations of this contract based on specific circumstances or special requirements. Some common variations could include: 1. North Charleston South Carolina Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement — Cash Sale: This contract is used when the buyer intends to purchase the property in cash without any financing or mortgage involved. 2. North Charleston South Carolina Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement — Conventional Financing: This contract is utilized when the buyer intends to secure a conventional mortgage to finance the purchase of the property. 3. North Charleston South Carolina Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement — FHA Financing: This contract is employed when the buyer intends to obtain financing through the Federal Housing Administration (FHA) to purchase the property. 4. North Charleston South Carolina Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement — VA Financing: This contract is used when the buyer is a qualified veteran or active duty military personnel eligible for a loan through the Department of Veterans Affairs (VA). In conclusion, the North Charleston South Carolina Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is a comprehensive and legally binding document that protects both the buyer and seller in a residential property sale. It ensures transparency, outlines the terms and conditions, and ensures a fair and smooth transaction between the parties involved.
