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

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The document is a Lot/Land Purchase and Sale Agreement outlining the terms and conditions for the sale of a tract of land in Tennessee. It details the responsibilities of both the buyer and seller, including purchase price, payment methods, closing expenses, title conveyance, inspections, contingencies, and default provisions. The agreement emphasizes the importance of legal compliance and due diligence by both parties throughout the transaction process.

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Click ‘Get Form’ to open it in the editor.
Begin by filling in the Buyer and Seller information. Ensure that you provide full names and addresses as required in the designated fields.
In the Property description section, accurately describe the tract of land being purchased, including address and legal descriptions. This is crucial for clarity.
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.
Complete sections on inspections and due diligence. Indicate any inspections you wish to conduct, ensuring all boxes are checked as applicable.
Review all entries for accuracy before saving your document. Utilize our platform’s features to sign electronically if needed.

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What is the land purchase agreement in Tennessee?

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.

Are flat fees illegal in real estate?

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.

What is the agreement for a piece of land?

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.

How much is a purchase and sale agreement?

The average cost (i.e., legal fees) for a lawyer to draft a purchase and sale agreement is $610 on a flat fee basis.

What is the purpose of a purchase agreement?

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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Why is land in Tennessee so cheap?

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.

What are the pros and cons of flat fee MLS listings?

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.

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

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How to use or fill out LOT/LAND PURCHASE AND SALE AGREEMENT - Top Tennessee Flat Fee ... with our platform

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Got questions?

What is the land purchase agreement in Tennessee?

Are flat fees illegal in real estate?

What is the agreement for a piece of land?

How much is a purchase and sale agreement?

What is the purpose of a purchase agreement?

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Why is land in Tennessee so cheap?

What are the pros and cons of flat fee MLS listings?

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