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THE DESCRIBED PROPERTY IS SOLD "AS-IS" WITHOUT ANY WARRANTIES, EXPRESS OR IMPLIED, AS TO THE CONDITION OF SUCH PROPERTY . BY ACCEPTING THIS BILL OF SALE, BUYER(S) REPRESENT THAT BUYER(S) HAVE PERSONALLY INSPECTED THE DESCRIBED PROPERTY AND ACCEPTS THE PROPERTY "AS-IS".
All contracts start with desire and responsibility. Someone wants (desires) something, and someone can fulfill (take responsibility for) that want. Known as ?the offer,? this first essential element encompasses the duties and responsibilities of each party, but must also demonstrate an exchange of value.
The law says that a person buying a property on a contract for deed acquires a legal interest in the property that can only be terminated through the foreclosure process.
Your offer should include: The name of the seller. The address of the property. The names of anyone who will be on the title, including yourself. The purchase price you're offering and down payment. The earnest money deposit. Any contingencies you'd like to include. Any concessions you're requesting from the seller.
Kentucky requires that all real estate contracts include a seller's disclosure and a lead-based paint disclosure. such as whether it is free from defects or liens. Addition terms. Terms and conditions agreed upon by both parties like the inclusion of fixtures, appliances, or furniture.
Step 1: Price Your Home for Sale. Step 2: Prep Your Home for Sale. Step 3: Market Your Home. Step 4: Manage Showings. Step 5: Review, Compare, and Negotiate Offers. Step 6: Close the Sale with a Professional. Pros of Selling For Sale By Owner. Cons of Selling For Sale By Owner.
In Kentucky, it is required that an offer and/or counteroffer by prepared at the direction of a licensed agent. Offers and counteroffers must include: The purchase price and the amount of deposit, as well as who will be entrusted with the deposit.