Real Estate FAQ's | What Forms Are Used in a Georgia Real Estate Transaction?

By
Real Estate Broker/Owner with MyMidtownMojo.com |770.713.1505 | Intown Atlanta GA Condo Living 272617

Real Estate FAQ What Forms Are used in a Georgia Real Estate TransactionProbably one of the neatest things about real estate is it's different everywhere! Now, that could be confusing when you move from one state to another. Then the process is different, including the forms you use to make it all happen. So, What Forms Are Used in a Georgia Real Estate Transaction?

Exclusive  Seller Listing Agreement -- Used between the real estate broker and the Seller to list a home or condo For Sale.

Seller's Disclosure Statement -- Completed by the Seller, this is the "history" of the home since they have owned it. If purchasing a foreclosure/bank owned/relocation home, you will most likely not have one, as the Seller has not lived in the home and has no knowledge of the "history."

Buyers Brokerage Agreement -- To represent a Buyer in Georgia in a real estate transaction as a "client" the Buyer and Broker must have a signed agreement, required by Georgia State Law. The Seller is represented by the Listing Agent...you the Buyer should be represented by a Buyer's Agent.

Purchase and Sale Agreement -- There is one for condominiums and one for single family homes. Both are very similar in wording. This is your contract that you use to make your offer to purchase, and that outlines all the other stipulations and agreements regarding your sale.

Exhibits to Georgia Real Estate ContractAfter these primary documents, there are numerous Exhibits that can (and should) be a part of the Purchase and Sale Agreement. These can include, but are not limited to:

  • Legal Description of the Property as Exhibit
  • Financing Contingency as Exhibit
  • FHA/VA/Conventional/USDA-RD Loan Exhibit
  • A Survey of Property Exhibit
  • Seller's Property Disclosure Statement (noted above)
  • Lead Based Paint Exhibit
  • Source of Buyer's Funds Exhibit
  • Sale or Lease of buyre's Property Contingency Exhibit
  • Back-up Agreement Contingency
  • Community Association Disclosure Exhibit
  • Appraisal Contingency

As part of working with my Buyers, I include What Forms Are Used in a Georgia Real Estate Transaction I think most likely we will use in the purchase of your home or condominium on our first meeting. That way, you have an opportunity to review all of them, ask your questions, and then be prepared to POUNCE  when we find the right home for you!

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Thom Abbott

Midtown Atlanta GA Condos For Sale
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