This form is a Contract for the sale of real estate for use in Virginia. 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.
Fairfax Virginia Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is a legal document designed for buyers and sellers in Fairfax, Virginia, who wish to engage in a real estate transaction without involving a broker. This agreement outlines the terms, conditions, and responsibilities of both parties involved in the sale or purchase of a residential property. The Fairfax Virginia Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement encompasses various key elements, including: 1. Parties involved: This section identifies the buyer and seller by their legal names and addresses. It is important to provide accurate information to ensure a binding agreement. 2. Property details: This clause describes the residential property being sold, including the address, legal description, and parcel identification number. Providing comprehensive information about the property is crucial for a successful transaction. 3. Purchase price and financing: The agreement specifies the purchase price agreed upon by the buyer and seller. It may also outline the financing terms, detailing if the buyer will pay in cash or if there is a mortgage involved. This section may also include information regarding the deposit amount and how it will be handled. 4. Disclosures: It is crucial to disclose any known defects or issues with the property to the buyer. This section ensures transparency in the transaction and protects both parties from potential legal disputes. 5. Contingencies: The agreement may include contingencies that allow the buyer to conduct inspections, obtain financing, or sell their current home before finalizing the purchase. These contingencies protect the rights of both the buyer and seller. 6. Closing process: This section outlines the closing process, including the date by which the closing must occur and who will pay the closing costs. It may also specify the procedure for prorating taxes and utilities. There may be different types of Fairfax Virginia Contracts for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement, depending on factors such as property type, financing arrangements, or specific requirements of the buyer and seller. Some possible variations could include agreements for condos, townhouses, or single-family homes, as well as agreements that accommodate lease-to-own arrangements or other unique circumstances. It is essential to consult with a qualified real estate attorney to ensure the contract reflects the specific needs and desires of both parties and complies with applicable laws and regulations in Fairfax, Virginia.Fairfax Virginia Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement is a legal document designed for buyers and sellers in Fairfax, Virginia, who wish to engage in a real estate transaction without involving a broker. This agreement outlines the terms, conditions, and responsibilities of both parties involved in the sale or purchase of a residential property. The Fairfax Virginia Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement encompasses various key elements, including: 1. Parties involved: This section identifies the buyer and seller by their legal names and addresses. It is important to provide accurate information to ensure a binding agreement. 2. Property details: This clause describes the residential property being sold, including the address, legal description, and parcel identification number. Providing comprehensive information about the property is crucial for a successful transaction. 3. Purchase price and financing: The agreement specifies the purchase price agreed upon by the buyer and seller. It may also outline the financing terms, detailing if the buyer will pay in cash or if there is a mortgage involved. This section may also include information regarding the deposit amount and how it will be handled. 4. Disclosures: It is crucial to disclose any known defects or issues with the property to the buyer. This section ensures transparency in the transaction and protects both parties from potential legal disputes. 5. Contingencies: The agreement may include contingencies that allow the buyer to conduct inspections, obtain financing, or sell their current home before finalizing the purchase. These contingencies protect the rights of both the buyer and seller. 6. Closing process: This section outlines the closing process, including the date by which the closing must occur and who will pay the closing costs. It may also specify the procedure for prorating taxes and utilities. There may be different types of Fairfax Virginia Contracts for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement, depending on factors such as property type, financing arrangements, or specific requirements of the buyer and seller. Some possible variations could include agreements for condos, townhouses, or single-family homes, as well as agreements that accommodate lease-to-own arrangements or other unique circumstances. It is essential to consult with a qualified real estate attorney to ensure the contract reflects the specific needs and desires of both parties and complies with applicable laws and regulations in Fairfax, Virginia.
