Get the free 039AS IS039 Residential Contract For Sale And Purchase

(b) The effective date of this Contract shall be the date when the last one of the Buyer and .... Effective Date and use good faith and diligent effort to obtain a written loan ...... closing funds,

How to fill out 039as is039 residential contract

How to Fill Out "As Is" Residential Contract:

1. Begin by carefully reading the "As Is" Residential Contract form. Familiarize yourself with its terms and conditions to ensure you understand its implications.
2. Provide the necessary personal information of both the buyer and seller. Include names, addresses, and contact details accurately.
3. Specify the legal description and address of the property being sold. Ensure the details match the property exactly to avoid any confusion or disputes.
4. Indicate the purchase price agreed upon by both parties. Clearly state the amount in numerical and written forms to avoid any discrepancies.
5. Include any additional terms or conditions agreed upon by both parties. These may involve contingencies, financing arrangements, or repairs to be completed before the closing date.
6. Disclose any known defects or issues with the property. Use the provided space to describe these accurately and in detail to avoid future conflicts.
7. Specify the closing date, which is when the property transfer will occur. Ensure all parties agree on this date and note any penalties for delays or complications.
8. Sign the contract and have all parties involved in the transaction sign as well. Date the contract to establish a clear timeline.
9. Retain copies of the signed contract for your records and provide copies to all involved parties, including real estate agents, attorneys, and lenders.

Who needs "As Is" Residential Contract:

1. Sellers who wish to sell their property without making any repairs or warranties.
2. Buyers who understand and accept the property's condition without expecting any repairs or warranties from the seller.
3. Real estate professionals who need a standardized legal document to facilitate the sale of a property in an "as is" condition.

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