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Contract to Purchase Land & Build A New Home Thank you for your interest in purchasing land and building a new home from the Lucas County Land Bank! Our community is challenged with many vacant lots that hurt neighborhoods, depress our real estate market, and damage confidence in our future. But working together, we can change that. Our process is unique, but simple. You will make three major commitments to us in this contract. You will tell us honestly how you intend to use the home after...

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How to fill out contract to purchase land

01

Obtain a template or draft for a land purchase contract.

02

Fill in the buyer's full legal name and address.

03

Fill in the seller's full legal name and address.

04

Clearly describe the property being purchased, including boundaries and any relevant details.

05

Specify the purchase price for the land.

06

Outline the payment terms, including deposits and final payment dates.

07

Include any contingencies, such as financing, inspections, or zoning approvals.

08

Specify the closing date and location for the transaction.

09

Include any additional terms or conditions that are agreed upon by both parties.

10

Have both the buyer and seller sign the contract and date it.

Who needs contract to purchase land?

01

Individuals or businesses looking to buy land.

02

Real estate investors.

03

Developers planning to build on purchased land.

04

Anyone involved in a land transaction requiring legal documentation.

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What is contract to purchase land?

A contract to purchase land is a legally binding agreement between a buyer and a seller that outlines the terms and conditions under which the buyer agrees to purchase a specified piece of land.

Who is required to file contract to purchase land?

Typically, the buyer or their legal representative is required to file the contract to purchase land to ensure proper documentation and compliance with local laws.

How to fill out contract to purchase land?

To fill out a contract to purchase land, include essential details such as the names of the buyer and seller, legal description of the land, purchase price, payment terms, and any contingencies or special conditions applicable to the sale.

What is the purpose of contract to purchase land?

The purpose of the contract to purchase land is to clearly establish the rights and obligations of both the buyer and the seller, reduce the potential for misunderstandings, and provide a legal framework for completing the transaction.

What information must be reported on contract to purchase land?

The contract to purchase land must report information such as the full names and addresses of both parties, a precise legal description of the property, the purchase price, earnest money details, and any conditions of sale.

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