Who needs the Missouri Contract for the Sale and Purchase of Real Estate (No Broker) Form?
The form may be used by the parties involved in a real estate transaction (the Seller and the Buyer) if they want to document the real estate purchase and sale deal without requesting an authorized real estate agent (or broker) in the State of Missouri. Signing the Missouri real estate contract is highly recommended as it will serve as a legally binding agreement, establishing the legal terms of the transaction.
Why is the MO Contract for the Sale and Purchase of Real Estate (No Broker) Form necessary?
The Missouri Real Estate Sale Contract establishes a value of the property, transaction completion time, mutual obligations of the parties under the contract and a method of final payment. This agreement sets the time and type of inspections, which the buyer will hold before the purchase. Also, this agreement specifies the details of the contract closing and default options.
When is the Sale and Purchase Contract due?
The completion of the Missouri Contract For Sale does not imply meeting any kind of deadline, yet the contract itself should communicate the due date of payment and the closing date.
Is Contract for the Sale and Purchase of Real Estate (No Broker) accompanied by any other forms?
There can be several possible attachments to provide in case of the residential real property purchase and sale. However, as they are all optional, it is up to the parties to choose which of them should be prepared. Typically, a list of the required supporting documents includes:
Buyer’s Credit Information Disclosure
Property Appraisal Disclosure, etc.
How to fill out the Contract for the Sale and Purchase of Real Estate?
The Real Estate Contract for MO must clearly indicate:
The parties to the transaction
The real estate property being purchased (address and legal description)
Financial details of the deal (price, earnest money, loan, etc.)
Deed and title insurance
Both Parties, the Buyer and the Seller, must sign all pages of the PDF Missouri Real Estate Contract.