What essential terms should be included in a cash land sale contract in Georgia?
A cash land sale contract in Georgia should include the purchase price, legal description of the property, names and signatures of both buyer and seller, closing date, and any contingencies or special conditions.
Are there specific disclosures required by law when selling land for cash in Georgia?
Yes, sellers must provide a Sellers Property Disclosure Statement if applicable. However, disclosure requirements can vary based on the type of property and transaction specifics. Its advisable to consult with a real estate attorney to ensure compliance.
How is the closing process handled for a cash land sale in Georgia?
The closing process typically involves signing the final documents at a title company or attorneys office. The buyer provides the agreed-upon cash payment, which is then disbursed to the seller after ensuring all necessary paperwork is complete and clear title is transferred.
