This document will take you through every step from initial agreement, purchase details to finally closing the deal with a deed transfer. With precise specifications about property details, it aims to ensure both parties are entirely confident in their sales.
Feel free to download and edit this contract as per your requirements for seamless real estate transactions in Mississippi.
1. PARTIESThis Real Estate Purchase Agreement (hereinafter referred to as the “Agreement”) is entered into this [DATE] (hereinafter referred to as the “Effective Date”), between [BUYER NAME] (hereinafter referred to as the “Buyer”) and [SELLER NAME] (hereinafter referred to as the “Seller”).
2. PROPERTYThe Seller agrees to sell and the Buyer agrees to purchase the property located at [PROPERTY ADDRESS] together with all existing improvements and fixtures (collectively, the “Property”). The legal description of the Property is as follows: [LEGAL DESCRIPTION OF THE PROPERTY].
3. PURCHASE PRICEThe total purchase price to be paid by the Buyer to the Seller for the Property is [TOTAL PURCHASE PRICE].
4. FINANCING TERMSThis Agreement is contingent upon the Buyer obtaining a mortgage loan within [NUMBER OF DAYS] days of the Effective Date.
5. INSPECTIONSThe Buyer shall have [NUMBER OF DAYS] days from the Effective Date to have the Property inspected.
6. CLOSING AND POSSESSIONThe closing of the sale shall occur on [CLOSING DATE] at the office of [CLOSING AGENT].
7. TITLEThe Seller shall provide a good, marketable title to the Property free and clear of all liens and encumbrances.
8. MISSISSIPPI LAWThis Agreement shall be governed by and construed in accordance with the laws of the State of Mississippi.
9. ENTIRE AGREEMENTThis Agreement contains the entire agreement between the Parties and supersedes any prior understandings, agreements, or representations by or between the Parties, written or oral.
10. SIGNATURESIN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date. ______________________________ ______________________________ [SELLER NAME] [BUYER NAME] ______________________________ ______________________________ Date Date
If you’re looking to sell property in Mississippi, it’s important to understand the legal requirements and having a clear contract is crucial. On ClauseClip, you can find useful templates such as the Contract For Deed Template Mississippi which can help you with sales that involve seller financing. If you’re interested in leasing property instead of selling, ClauseClip also provides a Contract For Rental Property Mississippi template. Both of these can help ensure that your transactions are legally binding and protect your interests.