Sales contract template for real estate – Whenever you sell something with somebody, you need to set up a contract. This contract provides protection to you, the seller, and also to the buyer. Adding information that will protect the buyer will also bring in the buyer into most likely agreeing into phrases.
The basic information that should 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 item, including a listing of items 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 before the last sale.
If you are selling your privately and you opt to accept a delayed payment, you will have to include all information relating to the payment in your sell item contract. This information should include the quantity of money to be paid, how many installments will be made, when the installments will be made, and when the final term of the contract ought to be fulfilled. The item sell contract should also list details about late payment penalties, and when the seller has the right to recover the property if the agreement should be breached.
As well as the product and price, the thing sell agreement must state whether the item has a clear title, and in what state 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 just parts. If your item does not have a clear title, make certain 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 must receive a copy. Some countries require a notary as well, so make certain to check your local laws. You can also find templates for sell thing contracts easily through free legal form sites or Microsoft template sites. Check it out the sample of sales contract template for real estate below at the attachment page.