Intended use of Real Estate Sales Package
This form package is a comprehensive set of legal documents designed for the sale of residential real estate in West Virginia. It includes essential forms such as an Offer to Purchase, a Contract of Sale, and various disclosure statements. These documents are prepared by licensed attorneys and ensure that both buyers and sellers understand their rights and obligations during the real estate transaction process.
Circumstances that call for this form
This package is typically used in the following scenarios:
- When a homeowner intends to sell their residential property without a real estate broker.
- When a buyer is ready to make an official offer on a home.
- When both parties need to disclose property conditions and potential hazards, such as lead paint.
- When formalizing the terms of sale and ensuring compliance with state laws.
Intended audience of Real Estate Sales Package
This form package is intended for:
- Homeowners looking to sell their residential property without a real estate broker.
- Prospective buyers interested in purchasing a home in West Virginia.
- Attorneys assisting clients with real estate transactions.
Required parts of the form
The West Virginia Real Estate Home Sales Package includes the following key components:
- Offer to Purchase: A preliminary document expressing a buyer's interest in a property.
- Contract of Sale: The main agreement detailing the terms and conditions of the sale.
- Seller's Disclosure: A statement where the seller discloses known defects and issues with the property.
- Lead-Based Paint Disclosure: A required notice for homes built before 1978 regarding potential lead hazards.
Steps to complete Real Estate Sales Package
Follow these steps to complete the form package:
- Define the parties involved: Clearly state the names and contact information of the buyer and seller.
- Describe the property: Include details about the residential property being sold, such as the address and legal description.
- Outline the terms of sale: Specify the sale price, earnest money amount, and any financing details.
- Complete disclosure statements: Ensure the seller provides accurate information about the property’s condition and any known defects.
- Review and sign: Both parties should carefully review the documents, then sign and date where required to finalize the agreement.
State compliance overview
This form package adheres to West Virginia's specific legal requirements for real estate transactions. It includes necessary disclosures mandated by state law, ensuring that both buyers and sellers are informed about the property’s condition and any potential hazards. The forms are updated for 2025 to reflect the latest legal standards in West Virginia.
Access this form when and where you need it
Accessing this form package online offers several advantages:
- Convenience: Download and complete the forms at your own pace from anywhere.
- Editability: Easily fill out the forms digitally, allowing for quick adjustments as needed.
- Legal reliability: The forms are created and updated by licensed attorneys, ensuring compliance with state laws.
