When I first started in this business there were two pages to a purchase contract and I used carbon between the two pages and asked clients to press hard when signing.
That was then and this is now!
Today on a typical buyers transaction I am using the following contracts and forms:
Residential Buyer/Tenant Representation Agreement
1-4 Family Residential Contract (Resale)
Third Party Financing Condition Addendum
For Your Protection: Get A Home Inspection
General Info. And Notice to a Buyer
Info. About Prop. Insurance for a Buyer or Seller
Information About Brokerage Services
Information About Special Flood Hazard Areas
Intermediary Relationship Notice
Non-Realty Items Addendum to Contract
Protect Your Family From Lead in Your Home (if home is older than 1978)
Protecting Your Home from Mold
Buyers Walk Thru and Acceptance
Lead Based Paint Addendum
And a few more if necessary, Phew!
Is this being overcautious? It is important to disclose everything I can to the buyer or the seller and have them be aware of any possible pitfalls too. My Broker likes me and now that I'm mostly paperless my file cabinets aren't spilling over and I'm feeling like I'm doing my part to go green
I guess in this ‘lawsuit happy society', it pays to be over cautious. And most of all a happy client is an educated client!