Welcome to our dedicated page for the Contract For Sale Of Real Estate In Vermont.
This contract is a crucial document required for the sale and purchase of property within the state boundaries of Vermont.
The page allows you to easily download the contract, customise according to your requirements, and use it for your own real estate transactions.
Remember, a well-drafted real estate sale contract not only keeps you legally covered but also makes your property transactions a smooth process.
Real Estate Purchase and Sale Contract
This Agreement (the “Agreement”) is made as of [Date], by and between the Seller(s), [Seller(s) Legal Name], herein referred to as “Seller”, and the Buyer(s), [Buyer(s) Legal Name], herein referred to as “Buyer”.
Seller agrees to sell, and Buyer agrees to buy, the property located at [Address] in the State of Vermont, which includes all buildings, fixtures, improvements, rights, privileges, and appurtenances, hereinafter referred to as the “Property”.
The agreed purchase price for the Property is [Purchase Price in Words] Dollars ($[Purchase Price in Numbers]).
Upon execution of this Agreement, Buyer will deposit with Escrow Agent the sum of [Deposit Amount in Words] Dollars ($[Deposit Amount in Numbers]), as earnest money deposit.
Buyer has the right to inspect the Property within [Number of Days] days after the execution of this Agreement. Should the Property fail to meet Buyer’s approval following inspection, the Buyer may terminate this Agreement and the deposit shall be returned.
The closing shall take place on or before [Closing Date], or at another time mutually agreeable to the parties.
Seller shall deliver to Buyer a good and marketable title to the Property by warranty deed, free and clear of all liens and encumbrances, except as otherwise provided in this Agreement.
Real estate taxes and assessments for the current year shall be prorated between Seller and Buyer as of the date of closing.
Vermont Land Gains Tax:
If applicable, Seller shall be responsible for the payment of any Vermont Land Gains Tax.
In the event of default by either party, the non-defaulting party may seek any legal or equitable relief.
This Agreement contains the entire agreement of the parties and there are no other promises, conditions, understandings or other agreements, whether oral or written, relating to the subject matter of this Agreement.
This Agreement shall be binding upon the parties, and their respective heirs, executors, administrators, successors and assigns.
[Seller’s Legal Name]
[Buyer’s Legal Name]
This form is designed to be a basic sale contract for use in the State of Vermont. It is suggested that any modifications be reviewed by an attorney before signing.
If you’re looking to buy a property in Vermont, it’s crucial to understand the details of the Contract For Sale Of Real Estate In Vermont.
However, if ownership isn’t your goal and you’re more interested in renting, the Contract For Rental Property In Vermont has all the specifics you need.
And for instances where the buyer makes periodic payments to the seller until the total purchase price is paid off, refer to the Contract For Deed Template Vermont.