A new website has been setup to offer real estate forms such as the quit claim deed. All forms are available for instant download. Homeowners looking for updated forms can make a purchase online, and get access to the forms immediately.
LegalHomeForms has been online since 2003, and they offer instant access to the most used real estate forms and contracts.
When buying, selling or renting a property, different legal forms have to be used. Each form has its own legal implications and homeowners should know what forms to use during a transaction. This is to ensure that all parties are protected by law when a dispute arises.
There are over 60 forms included in the package. All forms are created by former licensed real estate agents to ensure that the forms are legally valid.
Different states have different real estate laws and the appropriate forms must be used. State specific real estate forms will help prevent unnecessary legal hassles down the road. Popular state forms include Alabama, Arizona, California, Florida, Georgia, Michigan, North Carolina, Texas, and Wisconsin.
“This is important because we realize that sometimes homeowners may not be aware that they are using forms that may not be valid in the eyes of the court,” said the founder of the website. “When a dispute arises, everyone depends on the legal document to settle the dispute. When one is not available, or if a document is nullified due to invalidity, then one party may be at the losing end.”
The document titles included in the package are:
Real Estate Sales Forms
* Addendum (Counter Offer)
* Affidavit & Memorandum Agreement
for Real Estate
* Agreement for Deed
* Assignment of Real Estate Contract
* Attorney Approval
* Bill of Sale
* Closing Statement
* Condominium Purchase Contract
* Deposit Note
* Installment Note
* Land Contract for Buyer
* Land Contract for Seller
* Land Contract Past Due Letter
* Lead Based Paint Disclosure
* Letter of Intent
* Mortgage Loan Record
* Offer to Purchase Real Estate
* Promissory Note
* Property Disclosure Form
* Quit Claim Deed
* Real Estate Purchase Contract
* Real Estate Sales Agreement
Lease/Rental & Real Estate Investment Forms
* 30 Day Notice
* Buyer Profile
* Buyer Property Inspection Report
* Cash Flow Analysis
* Expense Allocation Summary
* Extension of Lease
* Landlords Five Day Notice
* Lease (Standard)
* Lease Termination
* Market Sales Analysis
* Month to Month Rental Agreement
* Monthly Income Record
* Move in Move Out Form
* Notice of Overdue Rent
* Payment Agreement
* Permission to Sublet
* Pet Agreement
* Property Analysis Form
* Property Rehab Analysis
* Rental Application
* Rental Application Co-Sign Form
* Rental Application Rejection Letter
* Rent Receipt
* Rental Agreement
* Residential Lease
* Residential Lease with
Option to Purchase
* Residential Lease Guaranty
& Application for Guarantor
* Seller Information Form
* Tenant Intention to Vacate
* Waterbed Agreement
* Weekly Planner
* Weekly Priority Schedule
Among these documents, one of the most commonly used form is the quit claim deed. This document is mainly used to transfer property rights to another person such as a family member.
When a quit claim deed is executed, all rights and liabilities will be transferred over to another person. However, homeowners must note that the quit claim deed does not free the owner of the home mortgage. Refinancing must be separately arranged so that the home loan can be transferred to the new homeowner. A sample quit claim deed is available on the official website.
Another commonly seen form is the real estate purchase agreement. This is a 4 page agreement between the seller and the buyer. The role of this agreement is to ensure that both parties will undertake all responsibilities so that the sale go through smoothly. Details about the current condition of the house is recorded in this document.
The agreement is considered valid once both buyer and sell signs on the document. Usually, a deposit from the buyer is required. The deposit will act as proof that the buyer is indeed serious about purchasing the property.
If the actual condition of the house is not found to be congruent with the details in the agreement, or if repairs that are supposed to be done by the homeowner has not been completed, the buyer can refuse to buy the home. In this case, the deposit will be returned in full or in part to the buyer.
The website includes detailed instructions on how to use and fill up the forms. Individual forms can be bought at the affordable price of $6.97, while the entire package cost just $14.99.