Forms for Real Estate Sales

A contract to purchase is in a standard form real estate transactions.
While some real estate sales involve no more than a handshake, there are forms that are commonly used to make the sale of real estate transactions law. Some documents are standard forms used by real estate agents, while others relate to the mortgage bank and the private sector, policy title and home warranty information. It is also common for Member Organizations to require real estate agents to use the standard form.

Property Disclosure Form and List
In the transaction of real estate agents, property inspected and all deficiencies Noted in the property disclosure form. Form of disclosure of property the make potential buyers aware of the structural and water damage, repairs are deferred and Whether the property is located near hazardous materials.

Realtors also have to prepare an agreement for each property that they list. The agreement lists to Determine the relationship between the agent and the seller. Seller agrees to pay the listing agent a percentage of each listing that sells.

Funding Form
When buyers the make an offer, it is common for the seller or real estate agent to ask for proof that the funds available to make the purchase. Lender-generated pre-qualification letter specifies requirements for home loans and borrowers have to PROVE through, or are in the course, complete the mortgage underwriting process. Some agencies refused to work with buyers who are not pre-approved at the time the offer is made.

Offer to Purchase and Contract Documents
Most real estate sales Including written offer. Usually offers are specified in the form of a single or series of documents, was first settled by the buyer. Sellers either reject the offer or to submit counteroffers. All sales are recorded on the form offered. If the offer is accepted, any sales recorded in the purchase contract. A contract of purchase Including the sale price, seller concessions, financing basic information, warranty information and projected closing date.

Private financing Form
It is common, especially among buyers who are unable to secure financing from banks, private financing for the document to replace the documents the lender. For these transactions, land contracts, lease-to-own and private mortgage documents accompany the sales contract. Some forms of private financing raised in the list of office actions, such as bank financing information is recorded in legal documents that the seller is in the first lien position to be repaid ..

Sources: Jim Hagerty