Simple land sale contract 2025

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  1. Click ‘Get Form’ to open the simple land sale contract in the editor.
  2. Begin by filling in the names of the Seller and Purchaser at the top of the document. Ensure that all parties are clearly identified.
  3. In the 'SALE OF PROPERTY' section, provide a detailed description of the property being sold, including its location and any relevant details.
  4. Next, specify the purchase price in the 'PURCHASE PRICE AND TERMS' section. Choose one of the payment options provided and fill in any necessary details regarding installments or interest rates.
  5. Complete sections on maintenance, taxes, insurance, and default terms as applicable. Make sure to select options that reflect your agreement with the other party.
  6. Finally, have all parties sign and date the document at the end. You can easily add signature fields using our platform's tools.

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A Land Contract, also known as a Contract for Deed, is used for the purchase of real property (real estate property where construction is finished). With a Land Contract, the buyer gets immediate possession of the property even though the seller usually finances the sale (known as seller financing or owner financing).
As a type of specialty home financing, a land contract is similar to a mortgage. However, rather than borrowing money from a lender or bank to buy real estate, the buyer makes payments to the real estate owner, or seller, until the purchase price is paid in full.
ContractsCounsels marketplace data shows the average land contract drafting costs are $550 across all states and industries.
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.
Can I write my own contract? Yes, you can write your own contract.
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Since land contracts can easily be written or modified by any seller or buyer; one may come across any variety of repayment plans: interest only, negative amortizations, short balloons, extremely long amortizations just to name a few.
In this section, you will find the key pieces a Land Contract must include. Purchase price. Without a mutually agreed-upon purchase price, the Land Contract cannot be binding. Payment plan. Interest rate. Default protocol and penalties. Rights and obligations.
Identify the names and addresses of both the buyer and the seller. Detail the price of the property and the terms of the purchase. Set the closing date and closing costs. Detail any taxes and other related costs, and establish which party is paying those costs.

simple land sale agreement