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12-05-2011 PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREE) ONE TO FOUR FAMILY RESIDENTIAL CONTRACT (RESALE) NOTICE: Not For Use For Condominium Transactions 1. PARTIES: The parties to this

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How to fill out 1-4 family residential contract

How to fill out 1-4 family residential contract:

01

Begin by entering your personal information, such as your name, address, and contact details, in the designated fields on the contract.

02

Provide the necessary information about the property being sold, including its address, legal description, and any applicable zoning or HOA restrictions.

03

Specify the purchase price of the property, along with any additional terms or conditions regarding the payment, such as the amount of the down payment and the financing terms.

04

Outline the agreed-upon contingencies, if any, such as inspections, financing approval, or the sale of another property.

05

Detail the responsibilities of each party involved, including the buyer, seller, and any real estate agents or brokers.

06

Include any specific terms or clauses regarding repairs, warranties, or disclosures related to the property.

07

Provide a timeline or schedule for the closing process, including the deadline for completing inspections, obtaining financing, and finalizing the sale.

08

Sign and date the contract, ensuring that all required parties have reviewed and agreed to its terms.

Who needs 1-4 family residential contract:

01

Homebuyers: Individuals or families looking to purchase a residential property, such as a single-family home, duplex, triplex, or fourplex, can benefit from having a 1-4 family residential contract. This legally binding agreement ensures that all parties involved are aware of their rights and responsibilities throughout the buying process.

02

Home sellers: Those selling a property within the 1-4 family residential category can also benefit from having a contract in place. It helps outline the terms of the sale, protect the seller's interests, and ensure a smooth and transparent transaction.

03

Real estate agents and brokers: Professionals involved in the buying or selling process, such as real estate agents or brokers, can use the 1-4 family residential contract to facilitate negotiations and protect the interests of both buyers and sellers. They can guide their clients through the contract's completion and ensure that all necessary details are included.

In conclusion, anyone involved in the buying or selling of residential properties within the 1-4 family category can benefit from correctly filling out and utilizing a 1-4 family residential contract. It ensures legal protection, clarifies expectations, and helps facilitate a successful transaction.

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What is 1-4 family residential contract?

A 1-4 family residential contract is a legally binding agreement between a buyer and seller for the purchase and sale of a residential property that contains between 1 and 4 housing units.

Who is required to file 1-4 family residential contract?

The buyer and seller of the residential property are typically required to file the 1-4 family residential contract.

How to fill out 1-4 family residential contract?

To fill out a 1-4 family residential contract, both the buyer and seller must provide accurate information about the property, purchase price, closing date, and any other terms and conditions of the sale.

What is the purpose of 1-4 family residential contract?

The purpose of a 1-4 family residential contract is to outline the terms and conditions of the sale of a residential property between the buyer and seller in a legally binding document.

What information must be reported on 1-4 family residential contract?

Information such as the property address, purchase price, closing date, earnest money deposit, and any contingencies or special conditions must be reported on a 1-4 family residential contract.

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