This form is a Contract for the sale of real estate for use in Tennessee. 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 Murfreesboro Tennessee 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 for the sale and purchase of a residential property in Murfreesboro, Tennessee. This agreement is specifically designed for transactions where no real estate broker is involved in the transaction. The agreement is designed to protect both the buyer and the seller and ensure smooth and transparent negotiations and transactions. It covers various essential aspects including property details, purchase price, payment terms, contingencies, closing date, and other terms and conditions that are essential for a successful residential property sale. The Murfreesboro Tennessee Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement may have different variations or additional clauses depending on the specific requirements of the parties involved. Some types or variations of this agreement include: 1. Standard Agreement: This is a comprehensive agreement that covers all the essential terms and conditions needed for a residential home sale in Murfreesboro, Tennessee. 2. As-Is Agreement: This type of agreement specifies that the property is being sold in its current condition, without any repairs or warranties provided by the seller. 3. Seller Financing Agreement: In some cases, the seller may choose to finance a portion of the purchase price for the buyer. This agreement would include specific terms and conditions related to the seller financing arrangement. 4. Escrow Agreement: This agreement involves the use of an escrow agent who holds the funds and documents related to the transaction until all the agreed-upon conditions have been met by both parties. 5. Addendum/Amendment: This is an additional document that is attached to the main agreement to add or modify certain terms and conditions. For example, an addendum may be used to specify additional contingencies or to address any specific concerns or conditions unique to the transaction. It is important for both the buyer and the seller to thoroughly review and understand the terms and conditions of the Murfreesboro Tennessee Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement before signing. It is recommended to seek legal advice from an attorney experienced in real estate transactions to ensure compliance with local laws and regulations.
