Description of Real Estate Sales Package
This package includes essential legal documents needed for selling residential real estate in Georgia. It encompasses various forms such as the Offer to Purchase, the Contract of Sale, and Disclosure Statements. These documents are designed to facilitate the sale process by clearly outlining the terms and conditions agreed upon by the buyer and seller, ensuring compliance with state laws.
When to use this form
This package is typically used in situations such as:
- When a homeowner intends to sell their residential property without a real estate broker.
- When a buyer is ready to make a formal offer on a property.
- During the negotiation process between buyers and sellers.
- To fulfill legal requirements for disclosing property conditions.
Who may need Real Estate Sales Package
This form package is intended for:
- Homeowners looking to sell their property without a real estate broker.
- Prospective buyers interested in purchasing residential real estate.
Required parts of the form
The package includes several important documents, each serving a specific purpose:
- Offer to Purchase: A preliminary document expressing a buyer's interest in purchasing a property.
- Contract for Sale: The main legal agreement detailing the terms of the sale, including price and conditions.
- Seller's Disclosure: A form where the seller discloses known issues with the property.
- Lead-Based Paint Disclosure: A required notice for homes built before 1978, informing buyers about potential lead paint hazards.
Instructions for completing the Real Estate Sales Package
Follow these steps to complete the forms:
- Identify the parties: Clearly state the names and contact information of the buyer and seller.
- Describe the property: Provide the address and legal description of the property being sold.
- Specify terms: Include the sale price, earnest money amount, and any financing details.
- Complete disclosures: Fill out the Seller's Disclosure and Lead-Based Paint Disclosure accurately.
- Review and sign: Ensure all parties review the documents, then sign and date where indicated.
How state laws may affect this form
This package complies with Georgia's real estate laws, which mandate that certain disclosures be made to buyers. The inclusion of the Seller's Disclosure and Lead-Based Paint Disclosure aligns with state regulations, ensuring that sellers provide necessary information about the property's condition and potential hazards.
Complete this form from anywhere
Accessing this form package online offers several advantages:
- Convenience: Download and complete the forms at your own pace from anywhere.
- Editability: Easily fill out and modify the forms using your computer.
- Legal reliability: Forms are drafted by licensed attorneys, ensuring they meet legal standards.
