Real Estate Home Sales Package with Offer to Purchase, Contract of Sale, Disclosure Statements and more for Residential House - Maryland 2025

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While most sellers prefer to receive a contingency-free offer from a buyer, they can be valuable tools for both the buyer and seller to back out of the contract. They provide buyers an out if conditions arent met. There are tons of contingencies, but the four most common are appraisal, inspection, loan, and home sale.
A purchase and sale agreement is used to document the parties intentions and the terms they have agreed will govern the transaction. You can include specific terms like the product or property, the price of the product or property, conditions for the delivery of the product, and the date of product delivery.
There are four common contingencies that every homebuyer needs to work through: Home inspection contingency. Appraisal contingency. Financing contingency. Home sale contingency.
We want to help you prepare for the worst-case scenario, which is why we created this straightforward guide to three types of contingencies: Design contingencies. Bidding contingencies. Construction contingencies.
Contingencies can include details such as the time frame (for example, the buyer has 14 days to inspect the property) and specific terms (such as, the buyer has 21 days to secure a 30-year conventional loan for 80% of the purchase price at an interest rate no higher than 4.5%).
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Section 10-702 of the Real Property Article, Annotated Code of Maryland, requires the seller of certain residential real property to furnish to the purchaser either (a) a RESIDENTIAL PROPERTY DISCLAIMER STATEMENT stating that the seller is selling the property as is and makes no representations or warranties as to

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