One To Four Family Residential Contract (Resale) {20-18}

TREC NO. 20-18 - ONE TO FOUR FAMILY RESIDENTIAL CONTRACT (RESALE). This is a standardized form used in Texas for the sale and purchase of residential real estate involving one to four family dwellings, excluding condominiums. This contract outlines the full terms and conditions agreed upon by both the seller and the buyer, and it governs the transaction from the initial agreement through closing. It includes detailed provisions about the property being sold, including the land, improvements, and accessories, and allows the parties to identify any exclusions or reservations. The contract sets forth the agreed-upon sales price and the method of payment, including any financing arrangements. It also addresses the delivery of earnest money and option fees, and outlines the buyer's option to terminate the contract within a specified period. The contract covers title policy and survey requirements, title objections, and provides for various legal notices related to property conditions, associations, and statutory disclosures. www.FormsWorkflow.com