A construction sales agreement is a deal made between a contractor and a buyer where the buyer agrees to buy from the contractor and the contractor agrees to sell to the buyer a particular property for a particular sum of money for construction purposes.
Sample Construction Sales Agreement
This construction sales agreement is made between BUYER and CONTRACTOR on the effective date of June 29, 2011. According to this agreement, the buyer hereby agrees to buy the property and the contractor agrees to sell the property, together with all the fixtures and improvements constructed or to be constructed.
Name: Mr. Jason Bling
Contact number: 34858437593
Name: Mr. Miguel Sanchez
Contact number: 4854398934
Address: 143 Hill View Estate, California
An amount of $100,000 shall be paid by the BUYER to the CONTRACTOR within a date no later than June 29, 2012. The BUYER shall pay the CONTRACTOR an amount of $35,000 at the signing of this contract and the remaining amount in instalments, to be paid within the above mentioned date.
TERMS AND CONDITIONS:
The BUYER must obtain a conventional loan at fixed rate of 9% per annum for a term of 2 years. He shall apply for the said loan within 1 month of the commencement of this agreement.
There must be no government rules, regulations or restrictions that would hamper the use of the property in any way.
Construction of the house must be completed by October 1, 2012.
Both parties agree to the above terms and conditions.