What are the different types of real estate contracts?

There are several different types of real estate contracts used in New York. The first is a deed, which is a legal document that transfers ownership of real estate to another person or party. This is typically used when selling a property. A purchase contract is used when a buyer and seller agree to enter into an agreement for the purchase of real estate. This includes the price and any other details such as taxes, insurance, closing costs, and other considerations. Finally, a lease is a contract that allows a tenant to use and occupy a property for a certain duration of time at an agreed-upon rate. All three types of contracts are legally binding documents and require that both parties comply with the terms of the agreement. Each type of contract has its own specific requirements, so it is important to read and understand them before entering into any type of real estate contract in New York.

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What are the different types of real estate contracts?

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