Typical Real Estate Forms

As members of the St. Louis Association of Realtors and the Missouri Association of Realtors we have access to all of the forms that they have created in partnership with their legal counsel.  We always recommend that if you have any questions about them, you consult an attorney.

Some of the forms we use:

Residential Sale Contract – This is the standard 8 page document we use when making an offer on your regular retail residential property.  There are several contingincies written into it for financing, inspections, insurance, sellers disclosure statement approvals, and title work.

Special Sale Contract – This is the standard form to use when making an offer to purchase a bank owned property or an “as-is” type of property. Many of the buyers contingencies are removed.

Appraisal Rider – This form is used to add the contingency into your offer that requires that your banks appraiser values the property at or above what you are paying for it. This form is not required, but recommended to use. It will not be used if your financing is FHA, as there is a different rider for that.

Listing Contract – This is the form that creates an agency relationship between the seller and their Hermann London agent. It’s basically the seller hiring Hermann London to help them sell their house.

Inspection Note – This is the form that is filled out by the buyer and their Hermann London agent after the inspection has been completed to either; accept the condition of the house,  back out of the contract, or ask for fixes or money.

Sellers Disclosure Statement – This is 5 pages of fun. The seller fills this out honestly, and disclosing information about their property to the best of their knowledge.  Examples of information on here are; how old is the roof?  did you ever have a pet here? did you ever make methanphetamine at the property? what are the homeowners association fees?

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