The House Sale Deed Agreement serves as the primary legal instrument for transferring residential property ownership in the United States. This document is essential when selling or purchasing a house, whether between private parties or through real estate agencies. It includes crucial details such as property description, sale price, terms of payment, and various warranties and representations. The agreement must comply with both federal regulations (such as RESPA and TILA) and state-specific real estate laws. It typically requires notarization and must be recorded with the appropriate county recorder's office to perfect the transfer of title.
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1. Parties: Identification of seller and buyer with full legal names and addresses
2. Background: Brief context of the sale and property description
3. Definitions: Key terms used throughout the document
4. Property Description: Detailed legal description of the property being sold
5. Purchase Price: Amount and payment terms
6. Title and Ownership: Confirmation of clear title and transfer of ownership
7. Closing: Details of closing date and process
8. Representations and Warranties: Standard seller and buyer warranties
9. Governing Law: Applicable jurisdiction and law
1. Mortgage Contingency: Terms and conditions related to buyer's mortgage financing requirements
2. Property Inspection: Terms related to property inspection rights and timeline
3. HOA Provisions: Homeowners Association terms, requirements, and obligations
4. Environmental Provisions: Environmental warranties, requirements, and disclosures
1. Schedule A - Property Description: Detailed legal description of property including boundaries and easements
2. Schedule B - Fixtures and Fittings: List of included and excluded items in the sale
3. Schedule C - Title Exceptions: List of any title exceptions or encumbrances
4. Appendix 1 - Property Survey: Current survey of the property
5. Appendix 2 - Disclosure Statements: Required state and federal disclosure forms
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