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Colorado Seller's Disclosure of Financing Terms for Residential Property in connection with Contract or Agreement for Deed a/k/a Land Contract

a Land Contract 2025

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The document is a Seller's Disclosure Notice that outlines the financing terms for a Contract for Deed regarding a property. It includes details such as the purchase price, interest rate, estimated interest charges, total principal and interest, late charges, and information about prepayment penalties. The document requires signatures from both the seller and purchaser.

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What does appraisal deadline mean?

The Appraisal Deadline is the date in which the Buyer must receive an appraisal of the property. In most cases where there is a loan, the Lender will require an appraisal in order to determine the property's current market value.

What is a buyer agency agreement Colorado?

A Colorado buyer agency agreement defines the relationship between an agent and an individual who is in the market to purchase real estate. The agreement will be drafted after the agent agrees to work with a client to help them find a property to purchase.

Who is responsible for completing the seller's property disclosure form in Colorado?

Both the seller and listing broker have obligations concerning the use of this form, and the buyer and buyer's broker need to have an understanding of what this form represents by way of disclosures. The SPD form is referenced in the Contract to Buy and Sell (CBS) in section 10.1: \u201c10.1. Seller's Property Disclosure.

What does SPD stand for in real estate?

Real Property Security Documents means the Landlord Consent and any mortgage or deed of trust or any other real property security document executed or required hereunder to be executed by any Obligor and granting a security interest in real Property owned or leased (as tenant) by any Obligor in favor of the Secured ...

What is SPD deadline?

Sellers Property Disclosure Deadline \u2013 This is the date which the seller needs to provide you with their Sellers Property Disclosure (and in most cases the Source of Water Addendum and Square Footage Addendum).

What do you legally have to disclose when selling a house in Colorado?

In Colorado, sellers have a duty to disclose information the buyer would find of significant importance about the property. This information is a material fact. Sellers are also supposed to reveal issues that could negatively affect the property's value. This is an adverse material fact.

What is loan objection deadline?

During the contract negotiations between buyer and seller, one of the negotiating items is the Loan Objection Deadline. This will be a date that will between the date the contract is signed and the date of closing.

What makes a contract valid in real estate?

To establish legality, a real estate contract must include a legal purpose, legally competent parties, agreement by offer and acceptance, consideration, and consent.

Colorado Seller's Disclosure of Financing Terms for Residential Property in connection with Contract or Agreement for Deed a/k/a Land Contract 2025

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