Common Contracts
1 similar Residential Real Estate Purchase and Sale Agreement contracts
Free montana real estate buy sell agreementResidential Real Estate Purchase and Sale Agreement • March 30th, 2021
A Montana residential real estate purchase and sale agreement is a document that is used to present a financial offer for a piece of real estate and is executed by two (2) parties; a buyer and a seller. Once filled out, the form will describe all of the terms of the offer, such as the amount offered, the buyer’s financing methods, and the date on which it will expire if it is not accepted. The seller has the right to refuse and negotiate an offer up until the point it expires. The written agreement becomes legally binding as soon as both parties have signed it. Table of Contents Buyer Beware Required Disclosures Commercial Property Montana is a “buyer beware” state, which means that the buyer assumes total responsibility for a property once they have purchased it. However, when the property is being sold by an agent, the agent is required to disclose any “adverse facts” to the buyer. (§ 37-51-313) Required Disclosures Lead-Based Paint Disclosure – All states require that owners of prop
