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AS IS Residential Contract For Sale And Purchase THIS FORM HAS BEEN APPROVED BY THE FLORIDA REALTORS AND THE FLORIDA BAR 1 2 3 4 5 6 7 8 9 PARTIES: (“Seller “), and (“Buyer “), agree that
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How to fill out as is residential contract
How to fill out an as-is residential contract:
01
Begin by carefully reviewing the contract in its entirety to understand all the terms and conditions.
02
Clearly identify the parties involved in the contract, including the buyer and seller of the residential property.
03
Include the exact address and legal description of the property being sold to avoid any ambiguity.
04
Specify the purchase price agreed upon by both parties and outline the terms of payment, including the applicable deadline and any deposit requirements.
05
Clearly outline any contingencies or conditions that need to be met before the sale can be finalized, such as inspections, financing arrangements, or repairs.
06
Include any warranties, disclosures, or disclaimers about the property's condition, potential defects, or known issues. This is particularly crucial in an as-is contract, as the buyer is assuming all risks associated with the property's condition.
07
Specify the closing date and location where the final paperwork and transfer of ownership will occur.
08
Determine who will be responsible for closing costs, such as title fees, recording fees, or attorney fees, and clearly state these obligations in the contract.
09
Outline the rights and responsibilities of both the buyer and seller regarding the transfer of property, possession, and any required documentation.
10
Finally, ensure that both parties sign and date the contract, and consider having any signatures notarized for added legal validity.
Who needs an as-is residential contract:
01
Home sellers who wish to sell their property in its current condition without making any repairs or modifications.
02
Buyers who understand and accept the risks associated with purchasing a property in its as-is condition.
03
Real estate investors who are experienced in evaluating properties and can assess potential risks and repairs needed.
Note: It is crucial to consult with a qualified real estate attorney or professional to ensure that the as-is residential contract complies with local laws and provides adequate protection for both parties involved.
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What is as is residential contract?
An as is residential contract is a legal agreement in which the seller of a property agrees to sell the property in its current condition.
Who is required to file as is residential contract?
The seller of the property is required to file the as is residential contract.
How to fill out as is residential contract?
To fill out an as is residential contract, the seller must provide information about the property's condition, any known defects, and any disclosures required by law.
What is the purpose of as is residential contract?
The purpose of an as is residential contract is to protect the seller from liability for any defects in the property that may be discovered after the sale.
What information must be reported on as is residential contract?
The information that must be reported on an as is residential contract includes the property's condition, any known defects, and any required disclosures.
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