Sales Agreement For House And Real Estate
Selling a house or any real estate for that matter is quite a daunting task. It involves a lot of procedures and legalities that needs to be taken care of. Failing to these may cause a lot of problems in the future. One of these procedures is creating the proper sales agreement for the house. Usually when you plan to sell a house or any real estate, this is usually the first step that people take. The sales agreement for the real estate is also referred to as a contract includes every details of the sale that is made. This agreement should contain a detailed description of the property in legal terms, should have the selling price mentioned on it and should also include the exact date when the transfer of property will be done from the seller to the buyer. A sales agreement for real estate is a legal binding contract which means that both the parties commit to complete the sale. Today, making such an agreement has become quite easy as you can get pre-printed ready to use agreements from any stationary store or you may even download them from the internet. These ready to use forms will have some portions left blank that needs to be filled in by you depending on the type of agreement. You must ensure that all these details along with personal details and contact information are filled in accurately. Sometimes, if some of the pertinent information is missed out, the sales agreement for the house stands void. Furthermore, when you are filling in the details of the property that is being sold, it is very important to ensure that the details match with that which is on record with the government authority.
There is one more important factor that needs to be taken care of when making a sales agreement for a real estate. It is the price of the property. Make sure that he price is written in numbers as well as spelled out in words. It is very important for both the amounts to match exactly. You must also clearly specify that what all elements are included in the sales price and what is not. For example, while selling an apartment, you might want to exclude the price for the parking. This needs to be mentioned on the agreement that the price is exclusive of the parking. Such transparency helps in smoother c=transition of the process. Appliance, above ground pools, storage sheds are some other things that may or may not be included in the selling price.