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Contract for the Sale of Residential Property - Owner Financed with Provisions for Note and Purchase Money Mortgage 2026

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This document is a contract for the sale of residential property with owner financing. It outlines the agreement between the Buyer and Seller, detailing the sale price, payment terms, delivery of deed, possession of the property, and responsibilities regarding taxes. It includes provisions for liquidated damages, severability, governing law, notices, attorney's fees, mandatory arbitration, and modification of the agreement. The contract emphasizes that it constitutes the entire agreement between parties and cannot be assigned without consent.

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How to use or fill out Contract for the Sale of Residential Property - Owner Financed with Provisions for Note and Purchase Money Mortgage

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Click ‘Get Form’ to open it in the editor.
Begin by entering the date of the agreement at the top of the form. Next, fill in the names and addresses of both the Buyer and Seller in their respective fields.
In Section 1, provide a detailed legal description of the property being sold. This is crucial for clarity regarding what is being conveyed.
Section 2 requires you to specify the purchase price, down payment, and mortgage loan amount. Ensure these figures are accurate to avoid future disputes.
For Section 3, indicate the closing date and interest rate. This section outlines payment terms, so double-check your entries.
Continue filling out Sections 4 through 18 as needed, ensuring all parties understand their obligations and rights under this agreement.

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