| Selling or purchasing a piece of real estate, be it a | | | | Normally, real estate sales agreements are |
| house, condominium, or an apartment, is probably | | | | formulated by real estate agents and / or lawyers. |
| one of the most important financial transactions a | | | | However, a lot of home sellers and home buyers |
| person will conduct in his lifetime. This single purchase | | | | nowadays opt to compose the sales agreements on |
| is bound to affect the lifestyles of several people for | | | | their own. There are various real estate related |
| years to come. | | | | websites where one can view, download and even |
| Due to the long-term effect a single real estate | | | | customize all kinds of forms, including the immensely |
| transaction may have on the buyer and the seller, it | | | | important real estate sales agreement, needed to |
| is important that all the details pertaining to this | | | | complete and legalize any real estate transaction. |
| transaction be formalized. It is not enough that the | | | | Online real estate forms can be purchased and |
| dimensions of the land, the purchase price and | | | | downloaded by piece (as needed) or by bulk, the |
| equipment included in the sale are listed down; the | | | | option really depends on the user and payment is |
| individual obligations of both the seller and the buyer | | | | also done online, as these sites accept most major |
| should be itemized as well. All these details should be | | | | credit cards. Once the forms have been downloaded, |
| found in just one document, the Real Estate Sales | | | | the contents can be modified and edited to suit and |
| Agreement. | | | | conform to the specific requirements of the user. |
| Legally, a real estate sales agreement is a contract | | | | In terms of content and format, all the forms found |
| between both the buyer and the seller. This | | | | on these real estate websites, most especially the |
| document stipulates all the conditions of the sale, | | | | real estate sales agreement, are considered legal and |
| from the technical details of the property, to the | | | | are recognized by local, state and federal agencies. |
| chattels that will be thrown in. The agreed upon | | | | However, even though the developers took great |
| purchase price should be stated (in words and | | | | pains to verify the accuracy of their forms, it is still |
| numerical figures), as well the deposit (earnest | | | | recommended that before the final copy is signed, a |
| money) given, down payment and final remittance. | | | | rough draft be sent to a lawyer or a real estate |
| Exact details on how and when the monies will | | | | agent for their review. Since, the real estate sales |
| change hands should also be indicated in this | | | | agreement is probably the most important of all real |
| document. The real estate sales agreement is | | | | estate documents; it is of utmost importance that all |
| considered valid once both parties affix their | | | | the technical information stated is accurate, and that |
| respective signatures and, should there be a need to | | | | all the necessary conditions and clauses, particularly |
| include any changes, these should be attached to the | | | | the terms of payment and possible penalties for |
| main document, as an addendum. | | | | non-payment are also clearly outlined. |