Final answer:
Buyers indicate their loan plans in the financing section of the Delaware sales contract, which is vital in outlining the funding for the property purchase.
Step-by-step explanation:
In the Delaware sales contract, buyers indicate whether they plan to obtain a loan to purchase the property in the financing section of the contract. This section outlines the details regarding the type of loan, the amount, and the terms that the buyer intends to secure to facilitate the purchase of the property. It is important for buyers to accurately complete this section as it provides essential information on how the purchase will be funded, and is a critical part of the contractual agreement between the buyer and seller. Ensuring the financing contingency is well-defined will protect the buyer in case they are unable to secure the loan as detailed in the contract.