Real Estate for Sale by Owner Contract
This contract is entered into as of the Effective Date, between Party A [Your Company Name], a homeowner (hereafter referred to as the “Seller”), residing at [Your Company Address], and Party B [Buyer’s full name], (hereafter referred to as the “Buyer”), residing at [Buyer’s Address].
1. Property Description
The property being sold under this agreement, located at [Property Address] is legally described as follows: [Legal Description].
2. Purchase Price
The full amount of the purchase price for the property is [Purchase Price], which is to be paid by the Buyer to the Seller.
3. Method of Payment
The method of payment shall be as follows: [Method of Payment].
4. Closing Date
The closing date for this sale will be no later than [Closing Date].
5. Possession
Possession of the property will be transferred from the Seller to the Buyer at closing unless otherwise specified in this contract.
6. Inspection
The buyer will have the right to inspect the property before the closing date.
7. Contingencies
This contract is contingent upon the following: [Contingencies].
8. Governing Law
This contract shall be governed and construed under the laws of the [Jurisdiction].
9. Indemnification
Each party agrees to indemnify and hold the other harmless from any claims, damages, or losses resulting from a breach of this agreement.
10. Entire Agreement
This contract represents the entire agreement between the Buyer and Seller and supersedes all prior negotiations, representations, or agreements, either written or oral.
By signing below, the Buyer and Seller acknowledge and agree to the terms and conditions outlined above.
_______________________
By:
[Your Name]
[Your Company Name]
DATE: [Date Signed]
_______________________
By:
[Buyer's Name]
DATE: [Date Signed]
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