Missouri Real Estate Contract For Sale By Owner
If you are planning to sell your property in Missouri, you may be considering selling it on your own without the help of a real estate agent. This is known as a For Sale By Owner (FSBO) transaction. In Missouri, there is a specific real estate contract that you need to use for a FSBO sale. This article will guide you through the process of using the Missouri Real Estate Contract for Sale By Owner.
What is the Missouri Real Estate Contract for Sale By Owner?
The Missouri Real Estate Contract for Sale By Owner is a legal document that outlines the terms and conditions of a real estate transaction between a seller and a buyer. This contract is specific to FSBO sales and is different from the standard real estate contract used when working with a real estate agent.
Using the Missouri Real Estate Contract for Sale By Owner ensures that you comply with Missouri law and protects both the buyer and the seller throughout the transaction.
What should be included in the Missouri Real Estate Contract for Sale By Owner?
The Missouri Real Estate Contract for Sale By Owner should include the following information:
- Names and contact information of the buyer and the seller
- Description of the property being sold
- Sale price and payment terms
- Contingencies, such as financing and inspections
- Closing date and location
- Any additional terms or conditions
It is important to include all relevant information in the contract to avoid any confusion or disputes during the transaction.
How to fill out the Missouri Real Estate Contract for Sale By Owner?
The Missouri Real Estate Contract for Sale By Owner is a fillable PDF document that can be downloaded from the Missouri Association of Realtors website. To fill out the contract, follow these steps:
- Download and open the Missouri Real Estate Contract for Sale By Owner
- Fill out all required fields with accurate information
- Review the contract to ensure all information is accurate and complete
- Print and sign the contract
Both the buyer and the seller should keep a copy of the signed contract for their records.
Final thoughts
Selling your property as a For Sale By Owner can be a challenging process, but using the Missouri Real Estate Contract for Sale By Owner can help simplify the transaction and protect both parties involved. Be sure to carefully review and fill out the contract with accurate information to ensure a successful sale.