contract because the seller does not receive the full purchase price at the time of sale, but a forfeiture right protects the seller from a buyer who fails to pay, allowing the seller keep payments and a usually large down payment while retaining the property to offer for sale to someone ...
The Basics of Land Auctions: A Comprehensive Guide If you’re a farmer or real estate investor, you know that land is one of the most valuable assets you can own. You can browse the properties for sale on the real estate market or look through... Read More August 9, 2024 6 Key ...
Sellers should be certain to have a written provision in the sale contract that states the buyer is responsible for payment of the property's taxes and insurance bills, preferably in an escrow account. The seller, as deed-holder, may ask to have a copy of the property tax bill and insuran...
The Basics Under a land contract, the buyer agrees to pay installments and the seller agrees to surrender possession of the property to the buyer. Although a land contract is similar to a real estate rent-to-own agreement, the buyer typically undertakes more responsibility than a tenant does--...
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unnecessary headaches and in a worst case scenario, a lawsuit. It is important that the Buyer and their real estate agent fully understand the Land Purchase Contract and the process that they are agreeing to and signing off on, so as to conclude the land sale transaction in a smooth and ti...
Thailand Specifies Form of Reservation Contract for Sale of Condo Units The Contract Committee of Thailand’s Office of the Consumer Protection Board (OCPB) has issued the Notification Prescribing the Business of Selling Condominium Units Through Reservations as a Contract-Controlled B...
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As part of the documentation, your solicitor will put together a contract which states the seller’s name, your name, the details of the property, the purchase price, and whether there’s anything else included within the sale. Once signed and a completion date is added, the contract is ex...
My journey started with searching for a vehicle that I could make a part of my family heritage. I’ve always been a utility vehicle kind of guy, so I knew that it would be a wagon or truck, so I began scouring the internet for something that I felt would be a good representation of...