Closing Any Property Within The State In King

State:
Multi-State
County:
King
Control #:
US-00447BG
Format:
Word
Instant download

Description

The Agreement for the Sale and Purchase of Residential Real Estate is a vital document for closing any property within the state in King. This form outlines the terms of sale between sellers and buyers, including property description, purchase price, payment structure, closing costs, and conditions for loan approval. Key features include provisions for earnest money deposits, contingencies regarding mortgage approval, and stipulations for the conveyance of title via a general warranty deed. Filling out this form requires attention to specific financial details and timelines, helping to assure that all parties meet their obligations. Attorneys, partners, owners, associates, paralegals, and legal assistants will find this document useful as it serves to facilitate a smooth property transaction, protect the interests of all parties, and outline procedures for breach of contract. The form also details conditions in case of property defects, insurance requirements, and responsibilities for closing costs. Overall, it serves as a comprehensive guide for managing real estate transactions effectively.
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  • Preview Agreement for the Sale and Purchase of Residential Real Estate
  • Preview Agreement for the Sale and Purchase of Residential Real Estate
  • Preview Agreement for the Sale and Purchase of Residential Real Estate
  • Preview Agreement for the Sale and Purchase of Residential Real Estate

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FAQ

A Preliminary Plat Application establishes conditions to subdivide land into 5 or more (rural), or 10 or more (urban) legal building lots, consistent with adopted regulations. A Preliminary Short Plat Application establishes conditions to subdivide land into 2 to 4 (rural) or 9 (urban) legal building lots.

A typical short subdivision takes 12 - 18 months to final recording.

The best way to determine if your land is big enough is to either liaise with your local council directly, or give us a call on 9707 4117 and we can help you with your subdivision planning. The topographical features of your land will impact whether your property is suitable for subdivision.

When is a building permit required? The International Building Code exempts certain structures from needing a building permit if they are less than 200 square feet and unconditioned space. Exempted structures do not require a building permit from the County but must comply with all King County code requirements.

After all of the estate assets have been distributed, you can close the estate. Your attorney will prepare a declaration for your signature providing a summary of your actions as personal representative. The declaration, together with the receipts from the beneficiaries, will be filed with the court.

Can I subdivide my property? Subdivision, or "platting" is a way to create new lots to be sold individually. For most residential properties, the minimum lot size for a standard subdivision is 7,200 square feet. So your property would need to be at least twice that (14,400 square feet) in order to get two lots.

How to Transfer Property Ownership Using a Quit Claim Deed in King County Draft the Quit Claim Deed. The deed must include. Notarize the Document. A notarized signature is required to validate the Quit Claim Deed. Record the Deed. Submit the notarized Quit Claim Deed to the King County Recorder's Office for recording.

Foreclosure process Property becomes subject to foreclosure. Certificate of Delinquency filed, title reports ordered. Parties served with notice and summons by certified mail. Judgment, sale authorization, and publishing. Foreclosure auction takes place every year in September.

At least 61 years of age or older. Retired from regular gainful employment due to a disability. Veteran of the armed forces of the United States receiving compensation from the United States Department of Veterans Affairs at one of the following: Combined service-connected evaluation rating of 80% or higher.

Washington is a “non-judicial foreclosure” state, meaning a lender can foreclose on a property through a third party, the trustee, and not the court system. However, the trustee has a duty of good faith towards both the lender and the homeowner.

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Closing Any Property Within The State In King