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Este contrato de venta (\'Contrato\') es ofrecido entre el (\'Comprador\') y el (\'Vendedor\'), quienes acuerdan los términos y condiciones para la compra y venta de bienes inmuebles en Virginia, incluyendo detalles sobre el precio de venta, financiamiento y cláusulas de contingencia.
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How to fill out residential sales contract virginia

01
Start with the title of the contract, identifying it as a Residential Sales Contract.
02
Provide the date of the contract at the top of the form.
03
Insert the names and contact information of the buyer(s) and seller(s).
04
Describe the property being sold, including the address and legal description.
05
Specify the purchase price and the earnest money deposit amount.
06
Outline the terms of the financing, if applicable, including loan details and contingencies.
07
Include any contingencies, such as inspection and appraisal clauses.
08
Detail the closing date and any specific conditions or deadlines.
09
Include disclosures required by Virginia law, such as lead paint regulations.
10
Ensure both parties sign and date the contract at the end.

Who needs residential sales contract virginia?

01
Buyers and sellers of residential property in Virginia.
02
Real estate agents and brokers involved in residential transactions.
03
Legal professionals advising clients on real estate transactions.
04
Anyone seeking to formalize the sale of a home in Virginia.
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A residential sales contract in Virginia is a legally binding agreement between a buyer and a seller for the purchase of residential real estate. It outlines the terms and conditions of the sale, including purchase price, financing, contingencies, and closing details.
Typically, it is the seller's responsibility to file the residential sales contract in Virginia, but it is also crucial for the buyer to provide any required disclosures and documents related to the purchase.
To fill out a residential sales contract in Virginia, parties must accurately enter information such as the names of the buyer and seller, property description, purchase price, earnest money deposit, financing details, contingencies, and any additional terms specific to the agreement.
The purpose of a residential sales contract in Virginia is to formalize the agreement between the buyer and seller regarding the sale of a property, ensuring all parties understand their rights and obligations, and providing a framework for completing the transaction.
The residential sales contract in Virginia must include the parties' names, property address, purchase price, terms of payment, contingencies related to financing and inspections, closing date, and any disclosures required by law.
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