Wednesday, January 23, 2008

Des Moines Iowa Real Estate - Sales Contract

One of the many things a Des Moines Real Estate Agent will be handling is the sales contract. They will fill out the sales contract with all of the needed information. If you have decided to put your Des Moines Iowa House "for sale by owner" you will be in charge of filling out this contract with the appropriate signatures.

The Des Moines Iowa Property is known by the street address but it also has what is called a legal description. Every property has a legal description and it is needed for the sales contract. You can find the legal description by going to the County Assessors webpage and search for your Des Moines Iowa Real Estate.

The sales contract also covers terms that you have previously agreed upon with the buyer. For example if you have agreed to have the roof repaired and it does not happen by the sale, then the seller will agree to pay X amount of dollars.

It also has a deadline that the buyer needs to abide by to have the Des Moines Real Estate Property inspected. If problems are found the seller can either have them repaired or can choose to have the buyer released from the contract.

The sales contract for your Des Moines Iowa Home will specify which home is being sold, the name of the seller and buyer, the purchase amount, and the date when the title and the purchase amount will be exchanged. The contract will also require the seller to release a clear title to the property. This will be researched by a title company.

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