This Residential Real Estate Sale Contract (Cash Sale or Seller Financing) is used for residential real estate transactions in which the buyer is paying for the property in cash or the seller is financing the property purchase. This contract is used for the sale of free-standing residential homes and creates a binding legal obligation when signed by the parties. This contract contains the traditional terms between a buyer and seller and also contains provisions regarding financing contingencies, required surveys and conveyance of title. It is important that this sales contract be detailed in writing. A written Residential Real Estate Sale Contract (Cash Sale or Seller Financing) will prove valuable if there are disagreements or misunderstandings between the parties.

This Residential Real Estate Sale Contract (Cash Sale or Seller Financing) contains the following important provisions:

• Property To Be Sold: The address and a detailed legal description of the property;
• Included/Excluded Items: Comprehensive list of the property items which are included (i.e., fixtures, appliances, window hangings) and items which are excluded from the property sale;
• Purchase Price/Payment: Sets out the total purchase price of the property and if seller financed, the terms of payment;
• Credit Check: If seller provides financing, the buyer must agree to a credit check and to provide all necessary financial information;
• Sale Contingencies: If financing is provided by a third party, the buyer agrees to obtain firm commitment for financing within a certain timeframe;
• Additional Contingencies: Sets forth additional contingencies which must be completed before purchase (i.e., property and environmental inspections, obtaining of all necessary permits);
• Physical Condition: Details regarding the condition of the property and any exceptions;
• Existing Mortgages: The seller shall furnish buyer all information regarding mortgages which now exist on the property;
• Closing and Possession: Sets out the date of closing and that buyer will have immediate possession of the property unless agreed otherwise;
• Closing Costs: A detailed list of how closing costs will be paid (by buyer, seller or both parties);
• Disputes: The method of resolving any disputes between the parties (via litigation, mediation or arbitration);
• Signatures: The seller(s) and buyer(s) must sign and date this sale contract.

Protect your rights and your property by using this accurate and up-to-date form. This lawyer-prepared package includes:

1. Instructions and Checklist
2. General Information
3. Residential Real Estate Sale Contract (Cash Sale or Seller Financing) for England and Wales

Law Compliance: This form complies with the laws of England and Wales