Deciding to sell your home will save you thousands of dollars in realtor commissions. In exchange, you need to understand subjects such as a purchase contract.
For Sale By Owner Purchase Contracts
Once you have decided to sell your home without going through a real estate agent, you need to take some time to develop an understanding of the process and necessary documents. First, you are not alone in making this decision. A recent survey found over 30 percent of homebuyers intend to sell their homes without an agent. Given this demand, there are now a bevy of forms available to the owner seller and all include a purchase contract.
A owner seller purchase contract is really no different than any real estate purchase contract. It contains all of the same terms and is usually called a real estate purchase agreement. A real estate transaction is the same regardless of whether you use an agent or not, so there really isnt any need for a specific owner seller sales contract.
In general, all of the required contracts and forms for a real estate transaction are purchased in a group. Typically, these documents are offered as a for sale by owner kit. There...
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