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WELL DISCLOSURE This form approved by the North Dakota Association of REALTORS, which disclaims any liability out of use or misuse of this form. This form is only for use by licensed REALTORS in the
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What is new construction purchase agreement?
A new construction purchase agreement is a legal contract between a buyer and a builder that outlines the terms and conditions for the purchase of a newly constructed property.
Who is required to file new construction purchase agreement?
Typically, the buyer, the builder, or the developer is required to file the new construction purchase agreement, depending on jurisdictional regulations.
How to fill out new construction purchase agreement?
To fill out a new construction purchase agreement, the parties involved should provide accurate information about the buyer, builder, property details, payment terms, contingencies, and any other specific clauses relevant to the transaction.
What is the purpose of new construction purchase agreement?
The purpose of a new construction purchase agreement is to protect both the buyer and the builder by clearly defining the terms of the sale, including price, deadlines, and responsibilities of each party.
What information must be reported on new construction purchase agreement?
The agreement must report information including the buyer's and builder's names, property address, purchase price, financing terms, timelines for construction, and any contingencies or warranties.
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