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
Absolutely! Having a lawyer look over your contract is like having a compass on a road trip. They can help you avoid any potholes down the road!
At closing, the buyer and seller finalize the sale. You'll sign a pile of papers, transfer the funds, and get the keys—it's the finish line of the home-buying race!
Backing out of a contract can be tricky. If you have contingencies, like failing a home inspection, you might be in the clear. Otherwise, it can get complicated!
Your contract is legally binding if it’s in writing, signed by both parties, and includes all necessary terms. Just like a handshake, but with more paperwork!