A South Dakota Real Estate Purchase Agreement is a handwritten or typed contract that lists the conditions of the real estate transaction between the seller and buyer of the property in question. To finalize the deal, the counterparts must release the former owner from any rights and responsibilities for the real estate and confirm their wish to let the purchaser manage the house, apartment, agricultural, or commercial property the way they want. At a minimum, your real estate contract must identify people and entities participating in the transaction, describe the property being sold and bought, indicate the value of the real estate, list contingencies that will allow either party to terminate the agreement, outline guarantees for the buyer or agree that the real estate is transferred in its current condition - "as is", and determine which party is going to pay for the home inspection prior to the contract signing.
You can check out the forms below to find the South Dakota Real Estate Agreement applicable in your situation.
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This document is used for creating a legally binding agreement for the purchase of commercial or agricultural real estate in South Dakota.
A South Dakota Real Estate Purchase Agreement is a formal document prepared and signed by South Dakota residents who sell and buy real estate for commercial or residential purposes.