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US Legal Forms
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Florida
Jacksonville
Basic Real Estate Contract

Jacksonville Florida Basic Real Estate Contract

Category:

Real Estate - Contracts

State:

Multi-State

City:

Jacksonville

Control #:

US-RE-C-981712-1

Format:

Word;

Rich Text

Instant download

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Description

This is a sample Basic Real Estate Contract. A Real Estate Contract is a legally binding document between two or more parties participating in a purchase and sale, exchange or transfer of real estate. The form may be customized to suit your needs.

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Interesting Questions

Do I need a lawyer to review my real estate contract?

While it’s not required, having a lawyer can be a smart move. They can help ensure that your interests are protected and that you understand all the legal jargon in the contract.

How long does it take to close a real estate deal in Jacksonville?

Closing times can vary, but it typically takes about 30 to 60 days after the contract is signed. However, factors like financing or inspections could either speed it up or slow it down.

What happens if one party doesn't uphold their end of the deal?

If one party doesn't follow through, the other party may have legal recourse. This could mean seeking damages or requiring the neglected part of the contract to be fulfilled.

Can I change the terms of the contract after both parties have signed?

Once the contract is signed, changes aren’t easily made. If both parties agree to new terms, a written amendment should be created to document those changes.

What is meant by contingencies in a real estate contract?

Contingencies are conditions that must be met for the contract to go through. For example, a buyer may need to secure a mortgage or pass a home inspection before the deal is finalized.

What is a basic real estate contract?

A basic real estate contract is a written agreement between a buyer and a seller that outlines the terms of a property sale. It lays out the who, what, where, and when of the transaction.