1. Identification: the date of preparation for the referencing of the contract, the name of the buyer, the amount of the deposit in good faith, the description of the property, an inventory of all the personal property contained in the transfer and the number of pages contained in the agreement and its additions are listed in sections 1 and 2 to establish the facts, on which the contract is negotiated. If you need a certain type of loan to close the deal, for example. B an FHA or VA loan, you should also indicate this in your contract. If you pay all the money for the property, you should also indicate this, as this makes your offer more attractive to sellers. What for? If you don`t need to get a mortgage, it`s more likely that the deal will be done, and the conclusion is more likely to be done on time. While many parts of your contract are quite simple, for example.B. The price you pay and when the conclusion will take place, other parts of the sales contract can be a bit confusing, especially for first-time home buyers. Make sure you understand the entire sales agreement before you sign it. It is also possible that the sale depends on another real estate transaction that takes place before this one. For example, the buyer might say they can`t complete the purchase until they sell their own home. The mortgage company usually requires the buyer to get an appraise to determine if the home is worth what the buyer is willing to pay. 2.
Global Agreement: Enter the number of pages that contain all additions, disclosures, etc., that are attached to the sales contract. The sales contract may contain a specific date of possession that may differ from the invoice date, for example.B. if the property is rented. If the property is rented, this should be indicated in the sales contract. Buyer`s signature: Enter the date the buyer signs the sales contract and the name of each buyer. Get each buyer`s signature on the sales contract and on each facility that requires their signature. Enter the buyer`s address, telephone and fax numbers, and email address. If the buyer decides, between the signing of the sales contract and the closure of the house, that he wishes to withdraw for a reason that is not stipulated in the contract, he loses his serious money and the seller can cash it out.
However, a buyer can get his serious money back if he withdraws for a reason stipulated in the contract. b. TDS delivered subsequently: Activate the check box to indicate that the TDS will be delivered to the buyer at a later date to confirm that the condition of the property has been announced before the contract of sale. After receiving the TDS, the buyer can either cancel the transaction because the seller or listing agent has not disclosed any known factual defects before the acceptance of the sales contract (or counter-offer), or inform the seller of known and undisclosed defects before acceptance and ask the seller to correct them before conclusion. . . .