There are usually costs associated with the sale of land that must be paid for it to be completed. For example, it may be necessary to search for a title, registration fees at the local jurisdiction, etc. Article VI addresses the question of whether the seller or buyer must bear these costs in a timely manner. Completion costs,” with the activation of one box to be coer shared on three. Therefore, check the “buyer” box if the buyer of the land has to bear the acquisition costs, activate the “seller” checkbox if the seller has to bear the closing fee, or activate the “Both Parties” check box if the buyer of the land and the seller agree to share the cost of acquiring this sale of land. The Adobe PDF link in this section of the page gives immediate access to the model needed to enter into a land purchase and written sale contract. You can preview this file by viewing the sample image if you wish, then select the “PDF” button in conjunction with that file to access the downloadable file. A third option on how the sale of the land will proceed can now be discussed in Article IV. Prices and conditions. If the seller provides financing for the sale of the land, choose the box with the word “Seller Financing.” For the “Vendor Financing” section, several details on full payment must be available for the full definition of payment. First create the “exact amount of credit” in the empty line of Article A in this selection. The second definition that is necessary to define the “seller`s financing” obtained by the land buyer is the “compensation” required for that sale. Place this dollar amount on the empty line that follows the words “B.”). down payment. The annual interest rate expected by the seller of real estate with credit payments should be on the line between the “interest rate (per year) ” and the percentage below the “C” point.
Finally, note the term of the loan in article “D” by documenting its number of months or years in the empty line according to the word “term.” This number should be set further by checking the “Month” or “years” box to indicate the unit to use with this number. Article “E.) Documents” in the “Sales Finance” section will require the deadline for the land seller`s papers to continue financing. Use the first two blank lines of this article to apply this deadline. Look for the second sentence of empty lines (after the term “the seller must have… ) and then the last calendar date if the seller accepts the buyer`s required credit documentation to its contents. Each agent signing this land sale must also print his or her name on the “print name” represented under his signature. In real estate, a sales contract is a contract between a buyer who wants to buy a house or other land and a seller who owns and wishes to sell this property. A real estate purchase contract is usually offered by a buyer and is subject to the seller`s acceptance of the terms.