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Simple Real Estate Sales Agreement Template for United States

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Key Requirements PROMPT example:

Simple Real Estate Sales Agreement

"I need a Simple Real Estate Sales Agreement for the sale of my single-family home in California, with specific conditions about the buyer completing all inspections within 14 days and including my existing appliances in the sale."

Document background
The Simple Real Estate Sales Agreement is designed for uncomplicated property transactions in the United States where parties seek a straightforward transfer of real estate ownership. This document type is commonly used for residential property sales and includes essential elements required by state and federal laws. It covers key aspects such as property description, purchase price, payment terms, and closing conditions while remaining simpler than more complex commercial real estate contracts. The agreement helps ensure compliance with local property laws while providing clear documentation of the transaction terms.
Suggested Sections

1. Parties: Identification of buyer and seller with full legal names and addresses

2. Background: Context of the transaction and property description

3. Definitions: Key terms used throughout the agreement

4. Property Description: Detailed legal description of the property being sold

5. Purchase Price: Amount and payment terms

6. Closing Date: Specified date for completion of the transaction

7. Representations and Warranties: Statements of fact and promises made by both parties

8. Closing Conditions: Requirements that must be met before closing

9. Default and Remedies: Consequences of breach and available remedies

10. Signatures: Execution block for all parties

Optional Sections

1. Financing Contingency: Terms related to buyer's ability to secure mortgage financing - include when buyer requires mortgage financing

2. Inspection Contingency: Terms related to property inspection rights and timeframes - include when buyer wants right to inspect before closing

3. HOA Provisions: Terms related to homeowners association rules and fees - include when property is part of an HOA

4. Foreign Seller Provisions: FIRPTA compliance requirements - include when seller is a foreign person

5. Environmental Matters: Environmental inspections and compliance - include when property may have environmental concerns

Suggested Schedules

1. Schedule A - Property Survey: Detailed survey of the property boundaries and features

2. Schedule B - Title Report: Current title status and any encumbrances

3. Schedule C - Property Disclosure Statement: Seller's disclosure of property condition and known issues

4. Schedule D - Fixture and Appliance List: Detailed list of items included/excluded from sale

5. Schedule E - Due Diligence Documents: List of all documents provided for buyer's review

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

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Industries

Interstate Land Sales Full Disclosure Act: Federal law requiring full disclosure of information to potential real estate buyers in interstate transactions

Fair Housing Act: Federal law prohibiting discrimination in real estate transactions based on race, color, religion, sex, nationality, disability, or familial status

Truth in Lending Act: Federal law requiring lenders to provide standardized information about credit terms and costs in real estate financing

Real Estate Settlement Procedures Act: Federal law governing real estate settlement processes and requiring specific disclosures for real estate transactions

Foreign Investment in Real Property Tax Act: Federal law imposing tax obligations on foreign persons selling U.S. real estate

State Property Laws: State-specific laws governing property rights, ownership, and transfer of real estate within the state

State Real Estate Transfer Laws: State-specific requirements for transferring property titles and recording deeds

State Disclosure Requirements: State-mandated disclosures about property condition, defects, and other material facts

State Recording Requirements: State-specific rules for recording real estate documents with local authorities

State Contract Laws: State-specific rules governing formation and enforcement of contracts, including real estate agreements

State Real Estate Licensing Laws: State regulations governing real estate professionals and their role in transactions

Local Zoning Ordinances: Municipal regulations controlling land use and development in specific areas

Property Tax Regulations: Local and state rules governing property tax assessment and collection

HOA Rules: Homeowners Association regulations affecting property use and transfer within specific communities

Environmental Regulations: Federal and state environmental protection laws affecting real estate transactions

Building Codes: Local and state construction and safety standards affecting property condition and compliance

Title Insurance Requirements: State regulations regarding title insurance and protection of property ownership rights

Statute of Frauds: Legal requirement that real estate contracts must be in writing to be enforceable

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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