Real Estate Contract for Sale - Cash or Seller Financing

This Residential Real Estate Sale Contract (Cash Sale or Seller Financing) is used for residential real estate transactions where the buyer is paying for the property in cash or the seller is financing the purchase of the property. This type of contract is used for the sale of free-standing residential homes, constitutes a formal offer and creates a binding obligation when signed by the parties. This contract contains the traditional terms between a buyer and seller including the property to be sold, purchase price, payment terms and items which are included or excluded items in the property sale. It is imperative that this type of sale contract be clearly set out in writing. (continued ...)