After a quick check of the "Free Real Estate Forms" site, I looked over a few of the forms, and I found it interesting that even after years of filling out those forms, some of the language was unfamiliar to the point where I would want a lawyer to explain it to me.
The first one was pretty simple, but didn't seem to cover much (including many required items), the rest of them had issues that worried me. (Generally, the stuff about half way down the contract. 120 days to clear up title issues? Pending liens as of date of closing shall be assumed by Buyer? Escrow is to be deemed property of Seller regardless of whether the closing is consummated or not?)
The problems stem from the fact that every state has it's own rules about real estate contracts, so there really isn't one "sales agreement" that is usable in every state.
Even within a state, different counties often have specific rules about what must be in a real estate sales agreement. (I work primarily in three counties, and they're all different.)
Is the house inside city limits? Even some cities get their fingers into the forms.
So, what you need to find is a sales agreement that is valid for your state, and the various supplemental forms for your county and city, if any.
The required forms may change if you're on a private or community well, have a septic system, are within certain types of taxing districts, are on a private road, are part of a homeowner's association, and while those are the ones I deal with, I'm sure somewhere they've come up with others.
Some houses are actually part of condominium complexes, or on leased land, or have leased equipment. More forms.
Recently, I wrote an offer for a client on a house. I pride myself in writing "clean" offers without a lot of little stuff that can mess up a deal, and was especially pleased with how clean this offer was. It was 22 pages long, mostly in fine print. Every one of those pages was required by either federal, state or local authorities.
If you're doing this on your own, talk to your lawyer first. Ask him/her if he/she works in real estate law, or can recommend someone that does.
2007-08-31 08:00:01
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answer #1
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answered by Anonymous
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Head over to http://www.buyincomeproperties.com/FreeRealEstateForms.htm#contracts to take a look at all of the forms you'll need.
2007-08-31 14:19:11
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answer #2
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answered by Stuart 7
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It is a business form--go to Staples and ask for them---might cost a buck or two...
2007-08-31 14:20:13
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answer #3
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answered by Gerald 6
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