What is a real estate sales contract and how is it prepared?

A real estate sales contract is a legal document used for the purchase and sale of real estate. The contract, which includes the agreement between the seller and the buyer and the conditions for the sale of the immovable property, has an important place in the real estate purchase and sale process. Dec. In this article, what is a real estate sales contract and how it is prepared will be discussed in detail.
Description of the Real Estate Sales Contract
A real estate sales contract is a legal document used for the purchase and sale of real estate. This document contains the agreement between the seller and the buyer and the conditions for the sale of the real estate. Dec. Many details such as the nature of the real estate, its characteristics, price, paying method, title deed transfer, delivery date are specified in the contract. A real estate sales contract is a document that defines the rights and responsibilities of the buyer and seller.
Preparation of the Real Estate Sales Contract
When preparing a real estate sales contract, there are many points that need to be taken into account. The contract should be prepared in order to protect the rights and responsibilities of the buyer and seller. Below, the points to be considered in the preparation of the real estate sales contract will be discussed.
Information of the Parties
In the real estate sales contract, the information of the seller and the buyer must be specified. This information should include details such as name, address, phone number, e-mail address.
Information of the Real Estate
In the contract, information such as the address of the sold real estate, land registry registration, nature, characteristics, purpose of use, location should be indicated. In addition, if there are any legal restrictions or mortgages on the real estate, this information should also be included in the contract.
Price and Paying Method
In the real estate sales contract, the sale price of the real estate should be specified and the paying method should be clearly determined. The payment method can be paid in advance or in installments. For installment payments, the number of installments, pay-off date and payment plan are also included in the contract
Preparation of the Real Estate Sales Contract
The real estate sales contract is an official document bearing the signature of the buyer and seller and is necessary to complete the sales transactions of the real estate. The contract Decrees evidence that can be used by any judicial authority in case of dispute between the parties.
The preparation of the contract must be carried out carefully to ensure that both parties are properly represented and their interests are protected. The following elements should be taken into account in the preparation of the contract:
Identity Information of the Parties: The real estate sales contract must contain the identity information of the buyer and seller. This includes the name, address and contact information of the parties.
Real Estate Information: The contract must contain the details of the real estate that is subject to sale. This may include the address, area, number of rooms and other characteristics of the property.
Paid Pay Terms and Conditions: The contract should specify the selling price, pay terms and the dates on which the payment will be made. Paying pay should also include details such as how the payment will be made and by whom the taxes, fees and other expenses will be paid.
Property Status: The contract should explain the status of the real estate at the time of sale. For example, details such as the current condition of the real estate, the need for repairs or maintenance, the differences between the declared Dec Decile area and the actual area should be indicated.
Completion Date of the Sale: The contract must specify the date on which the sale will be completed. This date may be determined depending on the suitability of the parties.
Guarantees and Conditions: The contract should also Decipher the guarantees and conditions between the parties. For example, the requirement that the seller must provide information about any legal problems in the real estate's history.
Deficiencies and Things to be Done: The contract covers the deficiencies of the real estate and the
ARTICLE 8 - OBLIGATIONS AND RESPONSIBILITIES OF THE PARTIES
After the real estate sales contract is signed, the parties have some obligations and responsibilities. With the conclusion of the contract, the seller and the buyer bear certain responsibilities to each other.
Obligations and Responsibilities of the Seller
The seller must prove that the land registry of the immovable property belongs to him. Otherwise, he may run the risk of the contract being deemed invalid.
The seller must deliver the immovable property on the date and conditions specified in the contract. At the time of delivery, the condition and characteristics of the goods must be the same as those specified in the contract.
The seller must have paid all taxes and fees of the immovable property. Otherwise, a debt obligation may arise to the buyer.
The seller must provide accurate and complete information to the buyer about the current condition and characteristics of the immovable property. In addition, it must clearly state all the obligations on the property (for example, a mortgage or a pledge).
The seller must notify any damage or changes that may occur to the immovable property during the conclusion of the contract. Otherwise, the buyer may terminate the contract because he may be unaware of the condition of the goods.
The seller must transfer the ownership of the immovable property to the buyer in the manner specified in the contract.
Obligations and Responsibilities of the Buyer
The buyer must fulfill the sale price of the immovable property and other conditions set out in the contract.
The buyer must verify the information provided by the seller about the immovable property, as well as investigate the condition, location, qualities and compliance of the immovable property with the specified conditions.
The buyer must confirm that the land registry of the immovable property is correct and that the seller's ownership right is valid.
The buyer needs to check the condition of the immovable property at the time of delivery and confirm whether there is any damage or deficiency
The contract in which this information is included ensures that the rights and obligations of the parties are clearly defined and is important to prevent disputes.
When preparing a real estate sales contract, the provisions that the parties will mutually accept should be taken into account. Pay payable, transfer of title deeds, elimination of deficiencies, payment of taxes and fees, transaction dates may be included among these provisions such as the sale price, payment method, such as the transaction dates may be included in the list of Decrees. The contract can be prepared by a real estate consultant, lawyer or notary. The prepared contract must be arranged according to the agreement of the parties and signed by the parties. After the contract is signed, it is registered by a notary and enters into force between the parties. Dec.
As a result, a real estate sales contract is a contract that determines the rights and obligations of the buyer and seller and aims to protect the parties. The preparation and implementation of the contract increases the parties' trust in each other and prevents disputes. In real estate purchase and sale transactions, getting professional help for the preparation of the contract will help to carry out the transaction in a healthier way.