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AGREEMENT TO BUY AND SELL REAL ESTATE RESIDENTIAL 1. PARTIES This legally binding Agreement entered into on between Buyer s hereinafter called BUYER and Seller s property shall be deeded in the name s of 2. All escrow money received shall be deposited as required by South Carolina law and South Carolina Real Estate Commission Rules and Regulations. At the consummation of this sale the earnest money deposit shall be credited to the Buyer. THE PARTIES UNDERSTAND THAT UNDER ALL CIRCUMSTANCES...
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Comments and Help with real estate contract south carolina

Who needs a 310 Form?

The Agreement to buy and sell real estate residential is used by the individuals who want to buy or sell the real estate property in South Carolina. It’s a legally binding contract between two parties.

What is the purpose of the Agreement?

The Agreement to Buy and Sell Real Estate Residential determines the basic conditions of buying and selling the real estate property: purchase price, method of payment, closing costs, condition of property, etc. One can also find the information about the Buyer and the Seller in this Agreement.

What other documents must accompany the Agreement?

The copy of the HUD-1 form should accompany the agreement. The Parties may require other supporting documents of there is a need: Loan Approval, FHA Mortgage Insurance, and others.

When is the Agreement due?

The Agreement comes into force on the date of its signing by both Parties and their representatives. The estimated time for completing the Agreement is thirty minutes.

What sections of the Agreement should be completed?

The Agreement to Buy and Sell Real Estate Residential has the following clauses for completion:

  • Parties: information about the Buyer and the Seller of real estate

  • Property to be sold

  • Terms of conveyance

  • Purchase price

  • Method of payment

  • Earnest money

  • Loan processing and application

  • Home protection plan coverage

  • Expiration of offer

  • Extension agreement

  • Adjustments

  • Non-resident tax

  • Risk of loss or damage

  • Default

  • Condition of property (inspection, disclosure statement, maintenance, wood infestation report)

  • Appraised value

  • Coastal tidelands and wetlands act

  • Contingencies

The Parties and their representatives must also date and sign the Agreement.

Each page of the agreement also has the field for the Buyer’s and Seller’s initials.

What do I do with the agreement after its completion?

The Parties complete and sign the Agreement in two copies: one for the Buyer and one for the Seller. These copies are kept for further reference.

Video instructions and help with filling out and completing sc real estate forms
Instructions and Help about sc form 310
hello everybody welcome to class again I got Kristen and Pam here with me Pam's from Virginia Kristen you're from Texas right correct I remember you guys from last time so this is great you guys are here because we could follow up on a lot of concepts that we did last time in our last sessions you're going to see a lot of them connected so just to quickly review a few things um we're here to learn about real estate passed the exam is what we want to do right yay passed the exam yeah yeah hey okay and just to review as well from our last class for people who are watching this on video this should be a key part of your studying plan anybody says just do one thing all you need to do is come to class all I need to do is watch my videos all you need to do is to practice questions or the flashcards is a liar do not rely one thing so that you could make money and start selling real estate the specifics and the details really should be nailed out and you do those practice questions but by sitting here through this webinar you will get a better idea of the bigger picture because if you're just doing the practice questions sometimes it's hard to fit them in and it makes it almost more confusing as it doesn't really make sense but if you have a good foundation then everything kind of falls into place very nicely our rules from yet last time use the mute button appropriately you guys know if there's kids or family or dogs behind you sneak it up we'll pause for questions and stay on focusing on past exam and remember I'm not a lawyer okay you guys ready yeah overlaps thing I forgot and if you like what we do don't forget to say side nice on my LinkedIn profile LinkedIn comm slash Joe judor okay so what we wanted to do today was contracts and government powers but when I was looking today at preparing this lesson I realize there's a good amount we could go over with contracts so we may not get to government power but if that's really important to you I'm happy to review it but I really wanted to stay focus on contracts today because that's a central part of real estate and a huge part of your exam so let's start with this do you guys know the four centrioles of a valid contract all right so the first one we got here you guys read it for me about capable your parties like right here yeah evil parties good second one where's this awful object waffle object third one it's a kind of information most important one there that's why we're doing this we don't want to be poor right Hey and offer an offering acceptance there you go we got to know those four essentials of a valid contract you should be able to say it like blindly cable pardons lawful logic consideration offer and acceptance cable parties lawful object consideration offer an acceptance after an acceptance could sometimes we call meeting of the minds mutual consent but either way it means the same thing you want it I want...