Real estate transactions can be complicated. They may require special stipulations, contingencies, and addendums, that have to be incorporated into all the legal agreements. While you don't want to make up contracts, unless you are a contract attorney, you can download Kansas Missouri real estate forms for sellers and buyers from online sites for a small fee. These can be used as examples or templates for your final documents.
Offer to purchase letters are documents some buyers present to sellers in advance of putting together a lengthy purchase contract. The offer to purchase letter has to be worded carefully because the terms in the letter are what is being agreed upon between the parties, and what will end up in the eventual contract. There should be a property description, the purchase price offered, a closing timetable, how long the offer is valid, and the offerer's signature.
The purchase contract is the formal agreement between a buyer and a seller. It must contain all the information pertinent to the sale. This includes the legal name of a seller, a legal description of a property, the purchase price, and all the terms and conditions of a sale. If you are going to download a purchase contract form, you need to make sure you have one that is legal in the state where the property is located.
A lease purchase agreement can be used by the owner of a property who is renting that property to someone willing to buy it. The monthly payments the renter makes, or a portion of those payments, is applied to the purchase price of the property. The lease purchase contract stipulates all the terms of this type of transaction. Sellers with slow moving property sometimes find this a good solution.
If you are selling a house built prior to 1978, a lead paint disclosure form must be attached to the purchase contract. This document gives the buyer ten days to have the property inspected for lead based paint. The buyer also has the option to waive an inspection or request more time. This document, filled out and signed by all parties, is attached to and becomes a part of that contract by reference.
A seller's property disclosure statement is another document that is attached to the purchase contract and initialed to become a part of the contract. It is very important that this document be included in any transaction where the seller is aware of a latent defect in the property. A latent defect is something a regular inspection might not catch.
Addendums are additions to contracts made after all parties have agreed to and signed the original contract. An addendum makes specific changes to the contract but leaves the remainder intact. The subject of an addendum can be anything from endangered species and wetlands protection language to allowing continued marketing of a property.
Taking contract forms from websites can be a good idea. You should not try to use them however without the approval of a real estate attorney. If you are not a Broker, but one of the agents, you will not be allowed to use them at all.
Offer to purchase letters are documents some buyers present to sellers in advance of putting together a lengthy purchase contract. The offer to purchase letter has to be worded carefully because the terms in the letter are what is being agreed upon between the parties, and what will end up in the eventual contract. There should be a property description, the purchase price offered, a closing timetable, how long the offer is valid, and the offerer's signature.
The purchase contract is the formal agreement between a buyer and a seller. It must contain all the information pertinent to the sale. This includes the legal name of a seller, a legal description of a property, the purchase price, and all the terms and conditions of a sale. If you are going to download a purchase contract form, you need to make sure you have one that is legal in the state where the property is located.
A lease purchase agreement can be used by the owner of a property who is renting that property to someone willing to buy it. The monthly payments the renter makes, or a portion of those payments, is applied to the purchase price of the property. The lease purchase contract stipulates all the terms of this type of transaction. Sellers with slow moving property sometimes find this a good solution.
If you are selling a house built prior to 1978, a lead paint disclosure form must be attached to the purchase contract. This document gives the buyer ten days to have the property inspected for lead based paint. The buyer also has the option to waive an inspection or request more time. This document, filled out and signed by all parties, is attached to and becomes a part of that contract by reference.
A seller's property disclosure statement is another document that is attached to the purchase contract and initialed to become a part of the contract. It is very important that this document be included in any transaction where the seller is aware of a latent defect in the property. A latent defect is something a regular inspection might not catch.
Addendums are additions to contracts made after all parties have agreed to and signed the original contract. An addendum makes specific changes to the contract but leaves the remainder intact. The subject of an addendum can be anything from endangered species and wetlands protection language to allowing continued marketing of a property.
Taking contract forms from websites can be a good idea. You should not try to use them however without the approval of a real estate attorney. If you are not a Broker, but one of the agents, you will not be allowed to use them at all.
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