LOT/LAND PURCHASE AND SALE AGREEMENT - Top Tennessee Flat Fee ... 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling in the Buyer and Seller information. Ensure that you provide full names and addresses as required in the designated fields.
  3. In the Property description section, accurately describe the tract of land being purchased, including address and legal descriptions. This is crucial for clarity.
  4. Specify the Purchase Price and method of payment. Select whether the price is for the entire property or per acre, and fill in any necessary details regarding financing contingencies.
  5. Complete sections on inspections and due diligence. Indicate any inspections you wish to conduct, ensuring all boxes are checked as applicable.
  6. Review all entries for accuracy before saving your document. Utilize our platform’s features to sign electronically if needed.

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The Tennessee land purchase agreement must report information including the legal description of the property, the purchase price, deposit amount, financing terms, contingencies, closing date, and any disclosures regarding the propertys condition.
Flat Fee MLS is a legal and viable option for listing a property in many states, provided that it adheres to the specific legal standards and regulations of those states.
A land purchase agreement is a contract between a buyer and a seller outlining the terms and conditions of purchasing a plot of land. Drafting a contract without the help of a lawyer can be daunting, but land purchase agreements can be straightforward if you follow a structured template.
The average cost (i.e., legal fees) for a lawyer to draft a purchase and sale agreement is $610 on a flat fee basis.
A purchase and sale agreement, also called a sales and purchase agreement or a purchase and sales contract, is a legally binding document that parties in a transaction use to stipulate the terms and conditions that will guide the sale and transfer of goods or property.
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Low Taxes Help Keep Carrying Costs Manageable At just 0.28% of assessed value, Tennessee has one of the lowest effective tax rates in the U.S. This really helps investors keep their expenses low when holding raw land or vacant property. Until you develop the land or build real estate, the costs are minimal.
Flat-fee realtors charge a fixed amount instead of a percentage-based commission. They offer cost savings but may provide limited services and require upfront payment. Best suited for experienced sellers, high-value properties, or strong sellers markets.

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