BUYER FORMS
REQUIRED - Buyer Representation (required to show homes)
Exclusive Right to Represent Buyer Get broker signature. Provide a copy to client.
This can be limited to one property, one day or non-exclusive.
Do not include when submitting an offer.
Problem getting someone to sign? You may limit it to one day (#4 in form) and/or say "This agreement is only for the property located at 123 Maple". You may also use this short Non-exclusive Right to Represent Buyer which means they are not obligated to use only you as their agent.
REQUIRED FORMS when submitting contract .
Residential Sales Contract
Conventional Financing Addendum | FHA | VA | Seller Financing - as checked on contract. Includes appraisal contingency
Also submit:
Lender letter - approved for financing. Provided by lender.
Our in-house lender is Andy Sikora (703) 505-2999 andy@andysikora.com Colonial Mortgage
Copy of EMD earnest money deposit - Copy of check with contract. Submit to National upon ratification.
More forms you may need when submitting contract:
MBH Disclosure - Buyer's decision. Our affiliated settlement company.
Advantage: Over 15 locations in Northern VA. Lawyers (not just settlement agents). They know the National Realty system. Settle in our office or anywhere. Get commission checks faster with MBH.
Home Inspection and Radon Testing -. Buyer
's decision for both.
Also provide Home Inspection HUD Notice
After contract signed and inspection done, Home Inspection Removal
Contingencies Clauses - Only if: buying "AS IS" clause, buyer has to sell other home, backup offer, etc.
Escalation Clause - Buyer's decision.
Short Sale Addendum - Only if it is a short sale. Suggest ratification date in this form is after lender approval. Otherwise you must submit the EMD earnest money deposit immediately after the parties sign.
Lead Paint Contingency - Buyer's decision, homes built before 1978.
Purchaser's Pre-Settlement Occupancy - where buyer will move in before settlement
Buyer Forms AFTER contract ratified
Home Inspection Removal - include any repairs that must be done. Refer to home inspection report.
Notice Removing Financing Contingency - after financing is definite and confirmed as stated in this notice.
Appraisal Contingency Notice - After appraisal received, contingency can be removed. If appraisal comes in lower than the contract price, then use this form to agree to the lower price or cancel the contract
Addendum to Contract - as needed
Home Inspection Removal
Walk Thru Inspection - Arrange for walk-thru before settlement
Purchasers Right to Limited Access - to do measurements and/or deliver furniture before settlement
Termination of Contract and Release (including release of EMD)
Termination of (Void) Contract Notice - Use this (plus the Release) if client wants to terminate based on POA/Condo docs OR buyer has financing rejection letter or seller refuses to make repairs after deadline negotiation period. The release is only a request.
Release of Contract and Deposit - if contract is terminated and requesting EMD return Again, you must use the termination notice if you are terminating the contract due to POA/HOA/Condo docs or financing, etc.