-1For Sale By Owner FSBO Docs Recitals A. Seller is the owner of the real property and improvements the Property located in the City of of Washington commonly known as County of State following legal description Insert Legal Description The parties hereby authorize the escrow agent to insert the proper legal description in this Agreement. THE INCLUSION AND ACCURACY OF THE LEGAL DESCRIPTION ARE NECESSARY ELEMENTS OF THIS AGREEMENT Property Parcel Identification Number number may be obtained...
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I don't have it with the real estate firm in the tri-cities in the state of Washington we're talking about the home buying process today so let's say that we've gone out and we found your perfect home for you you already have your lenders pre-approval letter so what's the next step in the process well the next step is that we have to prepare your earnest money agreement now when I first started the business many of the associates with whom I work indicated that used to be a very very simple process of being one-page form well if I go to the file drawer today we have well over 100 forms in the state of washing and the real estate agents can use now our job to protect your interest is to find out exactly what you desire to do and make sure your rights are protected and select the appropriate forms now we have a basic residential purchase and sale agreement and it's a five-page document in that five-page document we have antennae fication of the buyer of the seller of the property of the closing day to is going to be doing the closing who are going to use for title insurance how we compute time and other issues in addition to that we have addendums that we attached to this particular file now the most common identify Nancy let's say that you need to get a loan it might be an FHA or conventional and willing to indicate what kind of loan it will be how much down payment you're going to do and typically have about 30 days to get you alone in place if that's going to be an issue then we'll want to make sure that we extend that the next one deals with title we want to make sure that there's a title contingency in there so the title preliminary title is really free of encumbrance or will be free of encumbrances a time we close there's no surprises in that particular title report that you might object you the next item deals with home inspection we always recommend that you have a home inspected even if it's new now we find that over and over again that it may cost a little bit more to do that but it's really good insurance to have that home inspection typically you have 10 days in order to have the home inspected and that becomes a contingency a part of the sales so if you find something wrong with the home you can serve notice to the seller and you can terminate the transaction if you so desire we typically will use an optional sales paragraph which will identify square footage issues whether or not we can use males etc and we may have what's classified as other documents that would be appropriate to a specific situation could be dealing with Wells what have you well that's kind of an overview what's going to happen next but I can assure you the Michelle and I are going to do our job to make sure that we protect your interest so as we move through this home buying process you're going to be well informed it can feel very comfortable that you know what's going on once again thanks for watching in between