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.
A purchase contract is the formal offer a buyer makes to a seller. This document must contain all the pertinent sale information. This will include the purchaser's legal name, the property legal description, purchase price, and the terms and conditions that affect the sale. If you decide to download a purchase contract form, it has to be one that applies to the state in which the property 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.
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.
A purchase contract is the formal offer a buyer makes to a seller. This document must contain all the pertinent sale information. This will include the purchaser's legal name, the property legal description, purchase price, and the terms and conditions that affect the sale. If you decide to download a purchase contract form, it has to be one that applies to the state in which the property 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.
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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