Agreement To Sell Real Estate
I would like to make an offer to buy real estate. If they agree to it, which form should I use? Would the correct form be "Agreement To Sell Real Estate" contract? I thought it would be "Agreement To Buy Real Estate", but I have not been able to find such form. Any help with contracts would be appreciated. Thank you. [ Edited by mark19401 on Date 12/15/2003 ]
I may be missing somthing, but you just need a standard purchase and sales agreement.
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Beleive it or not you can get all the contracts and purchase agreements at office max.
i highly reccomend you do your first deal or so through an Attorney. So as to not get into a trap
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It sounds to me you don't have a lot of experience in writing sales contracts ..
You should do one of 3 things (or all 3)
a) Get a realtor to help you close the deal.
b) Get an attorny to help fill out a sales contract.
c) Local reltor boards usually offer classes on how to write a sales contract.
A sales contract is a Legal Binding Contract. So make sure you get some help till you become familiar and comfortable with it.
Good luck
If I use a realtor, wouldn't I have to pay closing costs twice (Once when I buy the house and again when I sell it)? Of course I will use a realtor or an attorney to help me close my first couple deals, but supose it's a fsbo and time is critical. I need to know which form to use to start the deal and then bring it to an attorney. I went to office max and the closest I found were "Offer to buy real estate" and "Agreement to sell real estate". Thank you. [ Edited by mark19401 on Date 12/16/2003 ]
Whether or not you use a realtor, you'll still have closing costs whenever buying or selling. You could do what we do and specify in the contract, "Closing costs are to be paid by Seller" (when we are buying) OR "Closing costs are to be paid for by Buyer" (When we are selling). We use a simple one page non-intimidating contract that has all the major contingencies, without scaring the other party. It's amazing that so many people are focused on just the sales price, that they often overlook the closing costs. You don't always get it, but I guarantee you'll get nothing if you don't ask.
Good luck !
Jason
The offer to buy should be good enough (assuming you are buyer) However keep in mind every little detail you and seller negoiate has to be in the contract. Any contingencies have to be there too. Such as 30 days for getting lender approval, appraisel contingency. And of course the home inspection is always your way out should you choose.
Also is this a normal transaction or a pre forclosure?
A pre forclosure might requir a bit more paper work.
Good luck
Use a realtor or an attorney if you don't know the contracts inside or out. Get the price for their services first. In my area, realtors are cheaper and actually know the contracts better than the attorneys.