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Standard Real Estate Purchase Agreement Virginia Form: What You Should Know
And 6.7.4.00 of the Virginia Administrative Code. (ii) Upon receipt of said application, Seller shall promptly pay all application fee. (iii) Seller shall make a timely and appropriate down payment in cash to buyer based on the contract rate. (iv) Seller may accept credit from the Buyer's credit union. (v) Buyer shall provide signed and dated agreement and documentation at all times of the sale. (vi) Buyer is responsible for the full purchase price. (vii) There is now down payment and the final purchase price shall be paid by Seller. The purchaser agrees to pay to the seller all cash, title insurance, and any other charges to the extent paid by Seller. (D) Unless otherwise agreed upon by the parties, Seller is entitled to receive a discount for the title insurance premium due to Seller. (E) The purchaser agrees to purchase the property (I) subject to the closing conditions, (II) subject to Seller's credit history, and (III) subject to applicable sales tax in Virginia. (F) No portion of the purchase price shall be in cash and the cash shall be paid at or before the time for closing for the buyer to transfer ownership of the property to the seller. (G) The sale is complete ten (10) calendar days before the closing date and is subject to any conditions specified in the terms and conditions of the sale agreement. (H) In the event of any failure of the buyer to pay, such failure shall be deemed a material breach by the seller and Seller shall have the right to terminate the contract and refund to the buyer the full purchase price. (I) In the event of the failure by Seller to perform any of its obligations under this Agreement, then Seller shall have the right to proceed immediately in accordance with and solely for the purpose of collecting from the buyer all sums that are due to Seller at the time of the breaching party's non-performance. (J) Seller shall comply with all terms and conditions of the contract and Seller's obligations hereunder to the buyer. Virginia Real Estate Purchase Agreement — Section 6 — Contract for Sale Virginia Real Estate Purchase Agreement — Section 20 — Purchase and Sale Agreement — 2018-12 Fillable The Virginia property sale agreement is used to indicate conditions to closing of sale of a property.
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