Get Land Contract Form (674 Kb -- Pdf) - First American Corporation

Filling out a land contract form is an important step in the process of buying property through a private seller. This guide provides clear, step-by-step instructions to help you complete the Land Contract Form from First American Corporation efficiently and accurately.

Follow the steps to fill out the Land Contract Form online.

1. Click the 'Get Form' button to access the Land Contract Form and open it in your preferred online editor.
2. Begin by entering the sellers' names and contact information in the designated fields. Ensure that this information is accurate, as it will be essential for legal identification throughout the transaction.
3. Next, provide the buyer's information in the appropriate section. Similar to the seller's details, ensure all names and contact information are precise.
4. Input the agreed sales price of the property. This should reflect the total amount that the buyer and seller have negotiated, excluding any down payment.
5. Specify the amount of down payment that will be made by the buyer. This should be a portion of the total sales price, as agreed upon in the negotiation process.
6. Indicate the interest rate applicable to the payments. This is crucial, as it determines the monthly installment amounts over the payment period.
7. Detail any special provisions that may apply, such as obligations for property maintenance or conditions for late payments.
8. Discuss how property taxes will be handled. Specify who will be responsible for tax payments during the contract period.
9. Consider including terms related to a balloon payment, if applicable. This should outline when a lump sum is due within the payment agreement.
10. After completing all sections of the form, review the information for accuracy and completeness. Once satisfied, save your changes, download, print, or share the form as needed.

Complete your land contract form online to ensure a smooth property transaction.