This is a sample Real Estate Purchase 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.
Plano Texas Basic Real Estate Purchase Contract Related Searches
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Interesting Questions
If you find issues after closing, it can get tricky. Most contracts limit seller liability post-sale, but if there’s clear fraud or misrepresentation, you might have some options. Always best to consult a legal expert!
Closing can generally take anywhere from 30 to 60 days, but it can depend on various factors like financing and inspections. Patience is key during this period!
If a seller is unable to find a new home and the contract includes such a contingency, they may have some leeway to back out, but it's best to clarify this beforehand to avoid any misunderstandings.
Contingencies are conditions that must be met for the contract to be binding. Common ones include a financing approval or an acceptable home inspection. They’re like safety nets!
Backing out is possible, but it can come with consequences. If it's before closing and there's a valid reason like a failed inspection, you might be in the clear. Always check those contingencies!