Real Estate Purchase Agreement
Preview document - "Real Estate Purchase Agreement"
Frequently Asked Questions
Where can I obtain the legal description of my property?
Locate the appropriate government office. A copy of your deed is kept at the local county recorder or assessor's office where the land is located. ...
Contact the agency. ...
Request the deed in person. ...
Contact a third party. ...
Use property tax statements.
What are fixtures?
Awnings, bookcases, lighting, plumbing, etc., that are attached to a real property in a manner that (in view of law) it becomes a part of that property. Fixtures are sold and transferred with the real property, even if they are not mentioned in the deed. However, if the life of the article (such as a water pump or heater) is assumed to be less than the life of the building, it is classified as an equipment and not a fixture.
What is the requirement for the property disclosure in Alabama?
The Code of Alabama is silent on the subject of disclosing property condition prior to a real estate transaction. However, it is recommended that the Seller should disclose all known facts which would materially affect the value of the Property and to consult a local real estate attorney as non-disclosure of known defects may subject the Seller to civil liability.
What is an R-value?
At the technical level, R-value is a measure of resistance to heat flow through a given thickness of material. In theory, the higher the R-value, the greater that resistance. That's true to a point, but it's just one of four key factors that determine the effectiveness of an insulation material.
What is an environmental assessment report?
An environmental assessment (EA) is the assessment of the environmental consequences (positive and negative) of a plan, policy, program, or actual projects prior to the decision to move forward with the proposed action.
For example, this report would inform the Buyer if there were any underground storage tanks on the property that were leaking a contaminant into the soil.
For example, this report would inform the Buyer if there were any underground storage tanks on the property that were leaking a contaminant into the soil.
What is a residential service contract?
A residential service company offers home warranty contracts to maintain, repair or replace all or any part of the appliances, structural components, electrical, plumbing, heating, or air conditioning systems of residential property.