Finish chart in the Purchase Agreement

Aug 6th, 2022
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How to finish chart in the Purchase Agreement

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okay lets get rolling here welcome today were going to be reviewing and going over the as is residential contract some of the best practices builds and clauses in here that can really impact your transaction as far as being likely to be accepted and even going further than that more likely to actually close and go through so as we go along if you have questions raise your hand if youre tuning in online simply chat in the box Tommy if you have any questions please chat them in the Box the comment field or raise your hand here and we will go through them so lets just get running straight through it as you pull up the as-is contract it is the most commonly form of sales and purchase contract utilized in our marketplace in Florida this is a standardized form that has been created by Florida Realtors for us created by the attorneys and remember that our ability to actually complete this form is to fill in the blanks we cannot write a unique contract we must be able to fill in the blanks

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Lesson Summary. A contract is a legal agreement between two or more parties in which they agree to each others rights and responsibilities. Offer, acceptance, awareness, consideration, and capacity are the five elements of an enforceable contract.
At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.
Content of a purchase agreement The identity of the buyer and seller. A description of the property being purchased. The purchase price. The terms as to how and when payment is to be made. The terms as to how, when, and where the goods will be delivered to the purchaser. Signatures of both parties.
The Five Elements of a Contract Offer. Acceptance. Consideration. Capacity. Lawful Purpose.
First and foremost, a purchase agreement must outline the property at stake. It should include the exact address of the property and a clear legal description. Additionally, the contract should include the identity of the seller and the buyer or buyers.
The first stage is pre-entry into a contract, and the second stage is the actual signing of the contract. The third stage involves working through the details of the transaction after the contract is in place, and the fourth is closing and post closing.
The elements of a contract include identification, offer, acceptance, consideration, meeting of the minds, competency and capacity, and contract legality.
0:01 0:15 Hi everybody make sure you know the four Essentials of a valid contract meets consent cable partiesMoreHi everybody make sure you know the four Essentials of a valid contract meets consent cable parties lawful object and consideration. You need those for the contract to be valid.

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