What is One to Four Family Residential Form (Resale)?
The One to Four Family Residential Form is a contract concluded between the Buyer and the Seller on a real estate reselling in the State of Texas.
What is One to Four Family Residential Form (Resale) for?
The Form is used to legally approve the fact of resale of the real estate property form the one person to another and describes all details on the said property. Note that one can use this form only buying home for a single family, a duplex, a triples, or a quadplex.
When is One to Four Family Residential Form (Resale) Due?
The One to Four Family Residential Form has no due dates to be submitted. It is filled out and signed upon the decision of the Buyer and Seller to conclude the agreement on the property reselling.
Is One to Four Family Residential Form (Resale) Accompanied by Other Forms?
The Form itself doesn’t require any other forms to be attached, unless some circumstances arise and additional documents would be necessary.
What Information should I Include in One to Four Family Residential Form (Resale)?
This Form consists of eight pages. On each page various information should be provided, such as names of the parties, description of the land lot, price, details on financing and survey, conditions of the property, settlement of disputes, and details of the Seller and the Buyer. It also contains termination option and Consult of Attorney section, where details of both Seller’s and Buyer’s attorney should be indicated.
Where do I Send One to Four Family Residential Form (Resale)?
Usually, this Form is prepared by the real estate agent and is provided to the parties involved to complete the necessary fields and put signatures.
