This form is a Contract for the sale of real estate for use in Michigan. It can be used for a cash sale, assumption or new loan buyer. The contract contains provisions common to a real estate transaction. No broker involved.
Michigan Contract for Sale and Purchase of Real Estate with No Broker for Residential Home Sale Agreement
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FAQ
Does a Real Estate Purchase Agreement have to be notarized in order to be valid? No, this document does not have to be signed by a notary public since it does not get filed with the County Recorder's Office.
Double-Check Whether You're the Legal Owner of the Home. Provide a Seller's Disclosure Statement. What Needs to Be Disclosed About Your Michigan Home? Sign a Purchase and Sale Agreement. Provide a Lead Paint Disclosure. Sign the New Deed.
The identity of the buyer and seller. A description of the property being purchased. The purchase price. The terms as to how and when payment is to be made. The terms as to how, when, and where the goods will be delivered to the purchaser.
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.
Step 1: Apply For A Mortgage. Step 2: Research The Neighborhood. Step 3: Find A Property. Step 4: Ask For A Seller's Disclosure. Step 5: Make An Offer. Step 6: Hire A Lawyer And Home Inspector. Step 7: Negotiate. Step 8: Finalize Home Financing And Closing.
Submit the offer to the seller's listing agent. If the home is for sale by owner, you can submit the offer directly to the seller. The seller may then accept your offer, deny it or return with a counteroffer.
Romance the Seller. This is one of the easiest ways to make your offer competitive. Escalate Your Offer. Get Pre-approved for a Loan. Offer a Quick Inspection. Make an Offer with No Contingencies. Final Thoughts on Making a Competitive Offer with No Realtor. Related Articles. You May Also Like.
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.
Who Prepares The Real Estate Purchase Agreement? Typically, the buyer's agent writes up the purchase agreement. However, unless they are legally licensed to practice law, real estate agents generally can't create their own legal contracts.