Get North Dakota Consideration Statement

Filling out the North Dakota Consideration Statement online is an important step in documenting the sale or transfer of property. This guide provides a comprehensive overview of each section of the form, ensuring that users can complete it accurately and efficiently.

Follow the steps to complete your Consideration Statement.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering the name of the grantee, which refers to the purchaser. Ensure that the name is spelled correctly and includes any relevant middle names.
3. Next, provide the address of the grantee. This should include the street address, city, state, and zip code.
4. Enter the name of the grantor, who is the seller in this transaction. Like the grantee, ensure correct spelling.
5. Specify the location of the property being transferred by filling out the number and street or rural route (R.R.) accordingly.
6. Select the city and township if applicable, and indicate the county where the property is located.
7. Provide a legal description of the property. You can either fill in the legal description directly or attach a copy from the instrument of conveyance as needed.
8. Fill in the date on which the purchase agreement was made, including the month and year.
9. State the total purchase price, excluding any interest payments. Be sure to provide the exact dollar amount.
10. Include the total value of personal property that is part of the purchase price, such as furniture or machinery.
11. Indicate the kind of property involved in the transaction by selecting one of the options: land only, new building, or building previously used.
12. Select the principal intended use of the property, choosing from the options provided: agricultural, commercial/industrial, residential, or other, with an explanation if necessary.
13. If the property is agricultural, provide additional information. Answer whether the property was used to expand the current farming unit and specify the number of acres purchased.
14. Indicate if the purchase included buildings, and if so, estimate the value of the buildings.
15. Answer questions regarding the nature of the purchase, such as whether it was made from a relative or involved a gift or forced sale.
16. Provide an opinion on whether the sale was made at fair market value and include a brief explanation if you answer no.
17. Certify the statement by signing and dating it where indicated. Ensure that the signature is that of the grantee or an authorized agent.

Complete your North Dakota Consideration Statement online today.