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Tapioca · 08-03-2016, 12:08 PM

Having sold privately myself, there's not much to it.

- Come to an agreement on price
- Download a template purchase and sal agreement, or have a notary draft one for you
- Decide what subjects you want to include and a date when the subjects will be waived and offer will be made firm
- Have the seller confirm the title on the property
- Have separate representation from each party, whether a notary or lawyer

If you're considering a strata property, you should probably get the seller to supply you with a copy of the Form B so you know the bylaws, the rules, and what else is included with the strata lot, such as parking spaces and storage lockers.

With that said, you can literally write the contract on a napkin, but if you need financing to purchase a property, you should probably come to an agreement with the seller about how you're going to pay for the services of a notary or lawyer to draft a purchase and sale agreement. Your lender will probably want something that is somewhat official when they are doing risk assessment. If you are comfortable reading legal documents, then download a template and modify it as you see fit.

08-03-2016, 12:08 PM	#7497
Tapioca OMGWTFBBQ is a common word I say everyday Join Date: Apr 2001 Posts: 5,208 Thanked 2,806 Times in 1,250 Posts Failed 81 Times in 54 Posts	Having sold privately myself, there's not much to it. - Come to an agreement on price - Download a template purchase and sal agreement, or have a notary draft one for you - Decide what subjects you want to include and a date when the subjects will be waived and offer will be made firm - Have the seller confirm the title on the property - Have separate representation from each party, whether a notary or lawyer If you're considering a strata property, you should probably get the seller to supply you with a copy of the Form B so you know the bylaws, the rules, and what else is included with the strata lot, such as parking spaces and storage lockers. With that said, you can literally write the contract on a napkin, but if you need financing to purchase a property, you should probably come to an agreement with the seller about how you're going to pay for the services of a notary or lawyer to draft a purchase and sale agreement. Your lender will probably want something that is somewhat official when they are doing risk assessment. If you are comfortable reading legal documents, then download a template and modify it as you see fit. Last edited by Tapioca; 08-03-2016 at 12:14 PM.