Mortgage sales contract template – Whenever you sell something with someone, you need to set up a contract. This contract provides protection to you, the seller, and to the buyer. Adding information that will protect the buyer will also attract the buyer into most likely agreeing into phrases.
The basic information that ought to be in this contract is the make and model, the price, and contact information for both parties. The market item contract must also include a disclosure about the product, including a list of things that you know need to be fixed. You should also have a phrase stating that the item is being sold as is, unless of course you have agreed to perform repairs prior to the final sale.
If you’re selling your privately and you decide to take a delayed payment, you’ll have to include all information concerning the payment in your sell item contract. This information must include the amount of cash to be paid, how many installments will be made, when the payments will be made, and when the final term of the contract should be fulfilled. The item sell contract must also list details about late payment penalties, and when the seller has the right to recover the property if the agreement should be breached.
In addition to the product and price, the item sell agreement must state whether or not the product has a clear title, and in what condition the product is titled in. In most states it’s legally required to have a clear title in order to sell a product for anything other than simply parts. If your item does not have a clear name, make certain that the contract clearly states this fact, and that the merchandise is being sold for parts only. Needless to say, your contract should be signed by all parties, and all parties should receive a copy. Some countries require a notary as well, so be sure to check the local laws. You might also find templates for sell thing contracts easily through free legal form websites or Microsoft template websites. Take a look the sample of mortgage sales contract template below at the attachment page.