Hud sales contract form 9548 – Whenever you sell something with someone, you need to establish a contract. This contract will offer protection to you, the seller, and to the purchaser. Adding information that will protect the buyer will also attract the buyer into most likely agreeing into terms.
The basic information that should be in this contract is the make and model, the price, and contact information for both parties. The sell item contract must also include a disclosure about the product, including a list of items that you know have to be fixed. You should also include a phrase stating that the product is being sold as is, unless of course you’ve agreed to perform repairs before the final sale.
If you’re selling your privately and you opt to take a delayed payment, you will need to include all information relating to the payment in your sell item contract. This information should include the quantity of cash to be paid, how many installments will be made, once the payments will be made, and when the last term of the contract should be fulfilled. The item sell contract should also list details about late payment fees, and when the seller has the right to recover the property if the agreement ought to be breached.
In addition to the product and price, the thing sell agreement must state whether or not the product has a clear title, and in what condition the item is titled in. In most states it’s legally required to have a clear title so as to sell a product for anything other than just parts. If your item doesn’t have a clear title, be certain that the contract clearly states this fact, and that the item is being sold for parts only. Of course, your contract should be signed by all parties, and all parties must receive a copy. Some countries require a notary as well, so be sure to check your local laws. You can also find templates for sell item contracts easily through free legal form sites or Microsoft template websites. Take a look the sample of hud sales contract form 9548 below at the attachment page.