Montana Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
About this form
This Contract for Sale and Purchase of Real Estate with No Broker is a legal document specifically designed for the sale of residential properties in Montana. It facilitates the transaction directly between the buyer and seller without the involvement of a broker, making it a cost-effective solution for individuals looking to sell or purchase a home. This form includes essential provisions that address negotiations, disclosures, and responsibilities, and it is tailored to comply with Montana's real estate laws.
Key components of this form
- Identification of the buyer and seller, including contact information.
- Detailed description of the property being sold.
- Terms of financing, including cash sale and loan assumptions.
- Disclosures related to radon gas, noxious weeds, and lead-based paint.
- Conditions for default and remedies for non-compliance.
- Provisions for closing costs and responsibilities.
When to use this document
You should use this form when you are ready to sell or purchase a residential property in Montana without the assistance of a broker. It is ideal for sellers who wish to save on commissions and for buyers looking for a straightforward real estate transaction. This contract can be used in a variety of scenarios, such as a cash sale, or if the buyer is assuming an existing loan.
Who this form is for
This form is intended for:
- Individuals selling their residential property in Montana without a broker.
- Buyers seeking a residential property without broker representation.
- Homeowners looking to understand the terms and conditions surrounding their sale or purchase.
Completing this form step by step
- Identify the parties involved by entering the full names and addresses of the buyer and seller.
- Provide a detailed description of the property, including its address and any relevant property identifiers.
- Specify the terms of financing, confirming whether it is a cash sale or involves loan assumptions.
- Include all necessary disclosures related to radon gas, noxious weeds, and lead-based paint, ensuring compliance with state regulations.
- Review and sign the contract, making sure all parties understand their rights and obligations.
Notarization requirements for this form
Notarization is required for this form to take effect. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to provide required disclosures, such as those related to radon or lead-based paint.
- Not specifying the terms of financing correctly, which can lead to conflicts later.
- Ignoring the need for signatures from all parties involved in the transaction.
- Filling out the property description inadequately, which could cause legal issues.
Benefits of completing this form online
- Convenience of downloading and completing the form from home.
- Editability allows customization to meet specific transaction needs.
- Reliability of using templates drafted by licensed attorneys for legal compliance.
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FAQ
Use the Correct Form. courtneyk / Getty Images. Determine the Price. Witthaya Prasongsin / Getty Images. Make an Initial Deposit. Disclose your Down Payment. Name Your Financing Terms. Include Contingencies. Address Possessionin Detail. Spell Out Who Pays the Fees.
A real estate deal can take a turn for the worst if the contract is not carefully written to include all the legal stipulations for both the buyer and seller.You can write your own real estate purchase agreement without paying any money as long as you include certain specifics about your home.
Identity of the Parties/Date of Agreement. The first topic a sales contract should address is the identity of the parties. Description of Goods and/or Services. A sales contract should also address what is being bought or sold. Payment. Delivery. Miscellaneous Provisions. Samples.
1 Access The Desired Real Estate Template To Record A Purchase Agreement. 2 Introduce The Agreement, Seller, Buyer, And Concerned Property. 3 Define The Basic Terms Of The Real Estate Purchase. 4 Record Any Property The Buyer Must Sell To Complete This Purchase.
A real estate deal can take a turn for the worst if the contract is not carefully written to include all the legal stipulations for both the buyer and seller.You can write your own real estate purchase agreement without paying any money as long as you include certain specifics about your home.
In the sales contract write down the amount of gift. If the property is worth $200,000.00 and you are selling the property for $150,000.00 the Gift of Equity is for $50,000.00. Include a clause stating: The purchase price is $200,000.00 and the seller will credit the buyer $50,000.00 as a Gift of Equity.
1 Stating Basic Information in Your Contract. 2 Setting Forth the Payment Terms. 3 Disclosing Important Information to the Buyer. 4 Advising Parties About Closing Procedures.
Buyer and seller information. Property details. Pricing and financing. Fixtures and appliances included/excluded in the sale. Closing and possession dates. Earnest money deposit amount. Closing costs and who is responsible for paying.