Purchase Offer Contract?

Question

We want to make an offer on a house we're intested in. This house is for sale by owner so he doesn't have an agent. I'm a buyer who does not have an agent either. I need to fill out a Purchase Offer Contract, but do I get this Purchase Offer form from the seller?
Also, I know when I fill out the form I need to include a purchase price, contigencies, and other information. If the seller accepts my offer, he will sign the contract. If he reject my offer, he will not sign the contract. But when I give the seller the Purchase Offer Contract, do I need to sign the contract at that time, or both the seller and the buyer sign the contract when both parties agree on the purchase price?

Answer 1

go to infotube.net and you can get all the paper work you need you sign it when you give him your offer, he signs it when he accepts it. also... he will come back with his stuff and not sign it untill you have reached an agreement. good luck

Answer 2

This is why people should work with Realtors. A real estate agent would know this stuff and would have the proper forms.

However, if you are making the offer, then you go on line and do a search in any search engine for "real estate contract forms" or "for sale by owner forms".

Since you're the one making the offer, you need to find the form but do some research about real estate transactions in your state and find out what you legally need to do. Some states have some pretty stringent disclosure laws on real estate transactions, meaning the seller is required to disclose stuff like leaky roofs, mold, etc.

I would suggest a real estate attorney since neither of you have an agent so at least the transaction is completed legally. Otherwise, you'll probably wind up with the deed getting recorded wrong or some other problem.

Answer 3

YOU need to put together the purchase/offer contract which you sign and submit to the Seller. If he accepts all the terms then he signs it creating a legally binding contract between the two of you. If he rejects some/all of the terms, he can make changes on the face of it or affix an addendum with the revised terms which he signs and sends to you as his countr offer. If you accept then you either initial agst the changes next his initials if changes are made on the face of the initial contract if counter terms are affixed as an addendum then you sign the addendum.

I am sure you can buy a standard contract form from Staples or Office Depot.....otherwise, get an agent if in doubt of how to proceed since this is a big step to make alone....

Answer 4

If the seller is serious about selling he/she should have an offer to purchase form. List your contingencies, sign the contract and offer a small deposit $500 to $1000 that should not be cashed until you follow through with a home inspection if that is in your list of contingencies. After that a larger deposit should be offered after everything is accepted, home passes your inspection, but definately have an attorney look over the contract, little money spent before hand can save you more in the long run.

Answer 5

why get a real estate agent involved at this point? who's going to pay the agent 3% or 6% of sale price you? not the seller since they have no agent? spend the monies on a lawyer which if you used an agent then most likely would have paid for a lawyer also

let the lawyer draw up a purchase agreement with all the things you a concern about

Answer 6

Since neither of you is using an agent the best thing you could do would be to retain a real estate attorney to represent you. They will prepare the contract in a way that protects you and provides you with all of the necessary contingencies, including financing and inspections. They will handle the paperwork for your loan and represent you through the closing. It shouldn't be that expensive and is definitely worth it.

Answer 7

you at the instant are not making use of the main appropriate terminology. an grant to purchase isn't a settlement. it fairly is purely what it says - an grant to purchase. It will become a settlement whilst the broker accepts it as that's written. except your grant fairly knocks the sellers' socks off, they'll oftentimes provide you a counter grant, or they'll grant to choose your grant with specific differences or contingencies. It surely will become a settlement purely in spite of everything words have been agreed on and signed by potential of all events worried. once you're a beginner, and judging by potential of your question, i might wager which you're, you somewhat could get carry of expert suggestion until now writing an grant. in the journey that your phrasing isn't maximum appropriate, you will get yourslef into deeper water than you desire to be in. I advise that if y ou don't have a actual materials agent representing you, you somewhat want an ttorney to jot down the grant for you and to steer you during the completed transaction. be absolute to get an criminal expert who makes a speciality of actual materials regulation. as a techniques because of the fact the variety itself in worried, you will get carry of one from any place of work table sure grant shop. you do not likely want a particular type however. you are able to write or style an grant on a undemanding sheet of paper, yet in view which you're a beginner, i don't advise this for you. Please get carry of the amenities of the two a Realtor or an criminal expert on your risk-free practices. do not attempt to try this on your individual. There are too many opportunities which you are able to make a severe mistake.

Answer 8

And, to add to the discussion, be sure that the title is clear, please. you do not want a headache later.
Also, you may want to hire someone knowledgeable to assist in the transaction. Yes, you want to save money but you also want to ensurethat you're buying what you think you're buying. Be careful, that seller is not your friend. He or she wants to sell the thing and be done with it. There can be some unscrupulous people in the business of selling property. It is well worth the money to attain some form of rerpresentation here. I remember my mother's words, an ounce of prevention is worth a pound of cure and haste makes waste.
Best wishes with the new house!