Shared Equity Agreements For First-time Buyers In Sacramento

• Category: Real Estate - Contracts - Equity
• State: Multi-State
• County: Sacramento
• Control #: US-00036DR
• Format: Word; Rich Text

Description

The Equity Share Agreement is designed for first-time buyers in Sacramento, allowing them to enter into shared equity arrangements on residential properties. It facilitates investment partnerships, enabling two parties to purchase a home together, where one party typically resides while the other benefits from the appreciation of the property's value. The agreement outlines key features such as purchase price, down payments, financing details, and the sharing of expenses and profits upon resale. Both parties agree on their responsibilities, including maintenance and repairs while residing in the property. The form includes provisions for dispute resolution through mandatory arbitration and can be modified only in writing. Ideal for attorneys, paralegals, owners, and legal assistants, this document simplifies client understanding and facilitates compliance with state laws, offering essential guidelines for effective collaboration and investment management.