Colorado Contracts #111757-AGREEMENT (Sections 1

AGREEMENT (Sections 1 - 4 of the CBS1)

Pdf Summary

Sections 1-4 of the CBS1 provide an overview of the agreement between the buyer and the seller in a real estate transaction. <br /><br />Section 1 outlines the agreement between the buyer and the seller, stating that the buyer agrees to buy and the seller agrees to sell the property described in the contract. <br /><br />Section 2 identifies the parties involved, including the buyer and seller, and provides details about the property, such as the legal description and physical address. It also includes information about the inclusion of certain items in the purchase price, such as attached fixtures and personal property. <br /><br />Section 3 covers dates, deadlines, and applicability of terms. It clarifies that any deadline left blank or marked "N/A" is not applicable, and it explains how to compute periods of days and how deadlines are affected by weekends and holidays. <br /><br />Section 4 addresses the purchase price and terms. It provides details about the price and terms of payment, as well as any concessions from the seller. It also discusses the earnest money deposit, including how it should be paid and how it will be handled in the event of a termination of the contract. Additionally, it covers financing options, such as new loans and assumptions, as well as seller or private financing and the associated requirements and potential terminations.

Keywords

CBS1

real estate transaction

buyer and seller agreement

property description

legal description

purchase price

earnest money deposit

financing options

contract deadlines

seller concessions