I am considering purchasing the house I am renting and need to find a link to free forms online that I can use for this purpose... I found smartformz.com and they have the perfect form... but it is $22 and I you can't copy/paste.... I am looking for FREE forms or copy/paste capabilies... pdf format if necessary, but something I can fill in the blank on or copy/paste and change what I need to myself AT NO COST. Any suggestions?
2007-05-15 03:25:43 · 0 answers · asked by agreeneyedwolf 2 in Business & Finance ➔ Renting & Real Estate
And for those of you concerned that I am being cheap on forms when I am taking on the biggest purchase of my life... you'd be cheap on forms, too if you lived on Social Security with a family of four... so please cut me some slack and if you know a site with free forms, please let me know (thanks!)
2007-05-15 03:49:04 · update #1
Rent to own, or Contract for Deed should ONLY be drawn up by an attorney! There are so many pitfalls in it that if you can't afford a few hundred for an attorney to draw up the deal properly to protect YOU, then you should not even consider buying the property. PERIOD!
I personally know 3 people who had to walk away on a CFD after they thought they'd paid it off only to discover that the seller had encumbered the property (mortgaged it) and there was no way that they could pay off the mortgage and deliver a clear title. You also need an attorney to run a proper title search to make sure that the "seller" is legally able to actually sell the property to you. I know one person who paid off her CFD only to discover that the "seller" didn't own the property and could not legally sell it -- he was only a property manager for an absentee landlord acting outside the scope of his authority.
2007-05-15 03:46:42 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
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2016-09-10 02:37:41 · answer #2 · answered by Melody 3 · 0⤊ 0⤋
Why not get a real estate agent to do it for you? The agent can prepare all the documents needed for the transaction and can also advise you on the step and process of buying a house. Need not worry about paying the commission as the seller always pay the commission. If not, then negotiate and work figures on how much to pay. The agent can also recommend financing, settlement company, insurance, movers, home warranty, etc. It's always advisable to get an agent. By the way, you are going to get yourself deep into the biggest investment in your life, and you are being cheap on forms? $22.00 is just an hour interest on your mortgage loan, depending on how much you are going to borrow from a bank.
2007-05-15 03:41:25 · answer #3 · answered by RE-AGENT 2 · 0⤊ 1⤋