The Contract Documents and Parties
Essential Information for Home Buyers Purchasing Residential Property in Oklahoma
Buyers and Sellers should read the pamphlet regarding our new contract forms. You can see this pamphlet online by clicking on the following link: Oklahoma Uniform Contract Information. Many changes in procedures and terms will be explained therein. Potential misunderstandings and problems will be avoided if you are somewhat familiar with this information.
 
 
Cover Sheet
The Contract is accompanied by a cover sheet which describes the broker relationships between between the parties and their real estate sales associates.
 
 
Contract Documents
The Contract is defined as the document labeled Oklahoma Uniform Contract of Sale of Real Estate plus the appropriate financing supplemental agreement (i.e., conventional, FHA, VA, Seller Carry, Assumption) and any other addenda that may be attached to the contract. These additional agreements are specifically noted by a check mark at the very top of the contract document.

If a mortgage loan is needed for the purchase of the Property, a Financing Supplemental Agreement will be attached to and become a part of the Contract.

If there is no financing supplemental agreement included with the contract, then it will be assumed that the Buyer is paying cash.

 
 
Parties
The Contract begins by naming the parties (Buyer and Seller). In the case of individuals, we also include the marital status of the Parties.

Buyers need to consider how they want their names to appear on the deed.

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Buyer’s Guide Links
 Phase 1 Finding or Building Your Dream House
 Phase 2 Paying for Your New Home
 Phase 3 Making the Offer
 Phase 4 Inspecting, Investigating, and Reviewing the Property
 Phase 5 The Work of the Title Attorney and Closing Company
 Phase 6 Closing Issues
 
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