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.
An offer to purchase letter often precedes the actual purchase contract. This letter has all the pertinent information about the offer included. If must be carefully worded because this is what the buyer and seller will agree to and what will be included in the formal contract. An offer letter should include a description of the property, a purchase price, closing date, how long the offer is open, and the signature of the person, or entity, making the offer.
A purchase contract is a formal agreement between a seller and a buyer. It contains all the information that was in the offer letter and more. The contract will include the legal name of the seller, the property description and purchase price, and all the conditions of this sale. If you are downloading documents, you need to double check that the ones you use pertain to the state in which the real estate is located.
If you have a rent to own situation, you will need a lease purchase agreement. In this case, the seller is offering to finance the purchase by applying the monthly rent, or a percentage of it, toward the purchase price of the real estate the buyer is currently renting. This is something that appeals to some sellers who have had their property on the market for a length of time without much interest from the buying public.
A lead based paint disclosure form must accompany any contract for a house that was built before 1978. It is attached to the purchase contract, initialed by all parties, and is a part of the contract. This form allows the buyer ten days to have an inspection done. The seller can opt to waive the time period or request an extension.
A seller is required to disclose any known defect in or on the property being sold. This is the purpose of a seller's property disclosure statement. The statement becomes an attachment to the contract. This document is especially important if there are latent defects a normal home inspection might miss.
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.
Downloading a form to use as a guide is a great idea. It's not a good idea to use it without a real estate attorney's approval. If you are an agent, and not a Broker, this won't even be an option.
An offer to purchase letter often precedes the actual purchase contract. This letter has all the pertinent information about the offer included. If must be carefully worded because this is what the buyer and seller will agree to and what will be included in the formal contract. An offer letter should include a description of the property, a purchase price, closing date, how long the offer is open, and the signature of the person, or entity, making the offer.
A purchase contract is a formal agreement between a seller and a buyer. It contains all the information that was in the offer letter and more. The contract will include the legal name of the seller, the property description and purchase price, and all the conditions of this sale. If you are downloading documents, you need to double check that the ones you use pertain to the state in which the real estate is located.
If you have a rent to own situation, you will need a lease purchase agreement. In this case, the seller is offering to finance the purchase by applying the monthly rent, or a percentage of it, toward the purchase price of the real estate the buyer is currently renting. This is something that appeals to some sellers who have had their property on the market for a length of time without much interest from the buying public.
A lead based paint disclosure form must accompany any contract for a house that was built before 1978. It is attached to the purchase contract, initialed by all parties, and is a part of the contract. This form allows the buyer ten days to have an inspection done. The seller can opt to waive the time period or request an extension.
A seller is required to disclose any known defect in or on the property being sold. This is the purpose of a seller's property disclosure statement. The statement becomes an attachment to the contract. This document is especially important if there are latent defects a normal home inspection might miss.
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.
Downloading a form to use as a guide is a great idea. It's not a good idea to use it without a real estate attorney's approval. If you are an agent, and not a Broker, this won't even be an option.
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