Mortgage Vox

Real Estate Sales Contract

Unlike most other properties, the purchase of real estate will require a sales or purchase contract. A written contract is required because of the importance of real estate and the many details involved in the sale of real estate.

The conveyance of property not only involves the basic physical aspects of the real estate, such as the land itself and the buildings on it. Real estate transactions will also involve the degrees of ownership being conveyed, the warranties and covenants being offered by the seller, the condition of the title being received by the buyer and the other fixtures involved with the property.

Many elements, issues and considerations go into a contract. This article and its segments will try to provide a complete review of real estate contracts in a brief, concise discussion. It will cover the following basic areas that buyers and sellers should understand:

1. Contract basics. The basic elements and issues behind all contracts.
2. Elements of the real estate contract. The basic real estate sale and purchase agreement.
3. Alternative types of real estate contracts. Alternative forms, methods and agreements used to sell or purchase real estate.
4. Buyer Issues to Consider. The main issues that the buyer should review before signing any real estate contract.
5. Seller Issues to Consider. The main issues that the seller should review before signing any real estate contract.
6. Remedies. A discussion of remedies and options available to both sellers and buyers when faced with some uncommon and common problems involved with the real estate transactions.

Although you can jump directly to any of the above segments by simply clicking on the appropriate link, we recommend that you review this article in the arranged order.

Go to next segment: "Contract Basics"

The "Real Estate Sales Contract" article contains the following segments:

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