Kansas Contract for Sale and Purchase of Real free printable template

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CONTRACT FOR THE SALE AND PURCHASE OF REAL ESTATE NO BROKER For good and valuable consideration the receipt and sufficiency of which is hereby acknowledged Seller whether one or more and Buyer whether one or more do hereby covenant contract and agree as follows AGREEMENT TO SALE AND PURCHASE Seller agrees to sell and Buyer agrees to buy from Seller the property described as follows complete adequately to identify property County Kansas. Address Legal Description or see attached exhibit As...described in attached Exhibit. Together with the following items if any Strike items to be retained by Seller curtains and rods draperies and rods valances blinds window shades screens shutters awnings wall-to-wall carpeting mirrors fixed in place ceiling fans attic fans mail boxes television antennas and satellite dish system with controls and equipment permanently installed heating and air-conditioning units window air-conditioning units built-in security and fire detection equipment plumbing...and lighting fixtures including chandeliers water softener stove built-in kitchen equipment garage door openers with controls built-in cleaning equipment all swimming pool equipment and maintenance accessories shrubbery landscaping permanently installed outdoor cooking equipment built-in fireplace screens artificial fireplace logs and all other property owned by Seller and attached to the above described real property except the following property which is not included list items not included...All property sold by this contract is called the Property. SALES PRICE The parties agree to the following sales price Amount Purchase Price Earnest Money New Loan Assumption of Loan Seller Financing Cash at Closing Total both columns should be equal Both columns should be an equal amount. If the unpaid principal balance s of any assumed loan s if any as of the Closing Date varies from the loan balance s stated above the cash payable at closing will be adjusted by the amount of any variance....FINANCING The following provisions apply with respect to financing Buyer Initials -1- Seller Initials CASH SALE This contract is not contingent on financing. OWNER FINANCING Seller agrees to finance dollars of the purchase price pursuant bearing interest per annum payable to a promissory note from Buyer to Seller of over a term of years with even monthly payments secured by a deed of trust or mortgage lien day of. with the first payment to begin on the NEW LOAN OR ASSUMPTION This contract is...contingent on Buyer obtaining financing. Within days after the effective date of this contract Buyer shall apply for all financing or noteholder s approval of any assumption and make every reasonable effort to obtain financing or assumption approval* Financing or assumption approval will be deemed to have been obtained when the lender determines that Buyer has satisfied all of lender s financial requirements those items relating to Buyer s net worth income and creditworthiness. If financing or...assumption approval is not obtained within effective date hereof this contract will terminate and the earnest money will be refunded to Buyer.

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Understanding the Kansas Contract for Sale Form

What is the Kansas Contract for Sale Form?

The Kansas Contract for Sale Form is a legal document used in real estate transactions within the state of Kansas. This form outlines the agreement between a seller and buyer regarding the sale and purchase of property, detailing the terms, conditions, and obligations of both parties. It is essential for ensuring a clear understanding of the transaction and protecting the interests of those involved.

Key Features of the Kansas Contract for Sale Form

The Kansas Contract for Sale Form includes several key features that are critical for a smooth real estate transaction. These features typically encompass:

A detailed description of the property being sold, including its legal description.
The agreed-upon purchase price and payment terms, including any earnest money.
Specific items that are included in or excluded from the sale, such as fixtures and appliances.
Conditions that must be met for the sale to proceed, such as financing or inspections.

When to Use the Kansas Contract for Sale Form

This form should be used whenever a property owner wishes to sell real estate in Kansas. It is applicable for residential, commercial, and agricultural properties. Using this form helps eliminate ambiguity, ensuring both the seller and buyer have a clear understanding of the terms of the sale.

Requirements for Filling Out the Kansas Contract for Sale Form

To complete the Kansas Contract for Sale Form, certain information must be gathered and carefully filled in, including:

The legal names and contact information of both the seller and buyer.
Full legal description of the property and its address.
The total sale price, including breakdowns for earnest money and any financing arrangements.
The anticipated date when the transaction will be finalized.

Best Practices for Accurate Completion

To ensure the Kansas Contract for Sale Form is filled out correctly, consider the following best practices:

Read the entire form carefully to understand all the terms and conditions.
Seek assistance from a real estate agent or attorney to navigate complex aspects of the contract.
Verify that all numbers, especially for the sale price, are accurate to avoid disputes later.
Ensure all required parties sign the document and that the signing dates are included.

Common Errors and Troubleshooting

While filling out the Kansas Contract for Sale Form, common errors can occur that may lead to complications. Some of these mistakes include:

Failing to include critical terms or conditions can create misunderstandings.
Not providing complete or accurate contact information can hinder communication.
Misidentifying the property can lead to legal challenges.
Failing to list items included in the sale can cause disputes at closing.

Frequently Asked Questions about agreement property form

What happens if I do not use the Kansas Contract for Sale Form?

Not using the Kansas Contract for Sale Form may lead to misunderstandings or disputes over the sale terms. It is advisable to use this form to protect the interests of both buyer and seller.