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VACANT LAND REAL ESTATE SALE AGREEMENT 2025

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The document is a Vacant Land Real Estate Sale Agreement outlining the terms and conditions for the sale of property in Oregon. It includes sections on agency relationships, definitions, purchase price, buyer and seller representations, financing contingencies, title insurance, inspections, escrow procedures, closing details, and dispute resolution. Both parties are advised to seek legal counsel before signing, and the agreement emphasizes that the property is sold 'AS-IS'.

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Click ‘Get Form’ to open the VACANT LAND REAL ESTATE SALE AGREEMENT in the editor.
Begin by filling in the Buyer and Seller's names in the designated fields. Ensure that all names are printed clearly for legal accuracy.
In the 'Property Description' section, provide a detailed description of the property, including street address, city, zip code, and tax identification number.
Specify the Purchase Price and terms of payment. Include details about earnest money and any financing options selected.
Review sections regarding Buyer Representations and Seller Representations. Fill in any required information accurately to avoid future disputes.
Complete the 'Closing' section by selecting a mutually agreed date for closing and ensuring all parties understand their obligations.
Finally, ensure both Buyer and Seller sign and date where indicated. Use our platform’s signature feature for convenience.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the downside of a land contract?

Some states, like California, have created real estate purchase agreements you can download and change. You can also get a template from PandaDoc, as well as benefiting from real estate contract management software functionality.

How do I write a simple land purchase agreement?

How to Write a Land Purchase Agreement Step 1 Write the Date of the Agreement. Step 2 Enter Seller and Buyer Information. Step 3 Note Property Description. Step 4 Fill In Purchase Price. Step 5 Enter Financing Details. Step 6 State Any Seller Representations and Warranties. Step 7 Enter Closing Details.

Who pays property taxes on a land contract?

The buyer is usually responsible for paying the property taxes on a land contract, though it depends on the terms of the agreement.

What are the risks of a land contract?

Risks for Buyers The biggest risk when buying a home contract for deed is that Buyer does not have a legal claim to the property until Buyer has paid off the entire purchase price. This means that if Buyer defaults and cannot make payments, Buyer loses the property and all of the money already paid into it.

Are land contracts a good idea?

Land contract pros. Easier to get financing Since there arent any lenders, land contracts allow buyers to get financing even if theyre unable to get a traditional loan. Great for sellers The seller sells their property and gets a steady income stream for the contracts term.

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Can you write your own land contract?

Land is considered part of real estate, and one can own raw land that does not have any improvements on it.

Can you back out of a land contract?

Backing out of a contract can have financial and legal consequences. Buyers who back out without cause typically forfeit their earnest money deposit, and the seller could bring legal action. If the seller cancels the contract without cause, the buyer could sue the seller to force them to complete the sale.

VACANT LAND REAL ESTATE SALE AGREEMENT 2025

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How to use or fill out VACANT LAND REAL ESTATE SALE AGREEMENT with our platform

Complete this form in 5 minutes or less

Got questions?

What is the downside of a land contract?

How do I write a simple land purchase agreement?

Who pays property taxes on a land contract?

What are the risks of a land contract?

Are land contracts a good idea?

Complete this form in 5 minutes or less

People also ask

Can you write your own land contract?

Can you back out of a land contract?

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