Hey guys, what's going on? This is Damien here. In this section of the buy-sell review, we're going to be going through lines 15 through 40. In lines 15 through 26, we're referring to items that are permanently affixed to the property or installed that the seller is going to take with them. So, for example, the hot tub or the air cooler, which is the air conditioner. Moving on to lines 28 through 32, it talks about personal property that you want to transfer with the property that you're purchasing. This can include any appliances, garage door openers, ceiling fans, or anything else you see around the property, like even a couch. In many cases, I put in a bill of sales. The bill of sales is a separate document where you can list all those items, such as the fridge or the garage door opener. This is because there are some lenders who prefer not to see personal items transferring in the buy-sell agreement. They believe that it adds value to the property, which can affect the appraiser's assessment. Therefore, they may request those items to be removed. The next section we're looking at is the lease or rented property or personal property. This can include a water softener, water conditioner, propane tank, and anything else you may see there. If there's a propane tank, it's a good idea to include provisions regarding the proration of any remaining gas in the tank and the transfer of funds to the seller at closing. Alright, that wraps it up for this section. I look forward to hearing or seeing you guys later. If you have any questions, feel free to give me a call or reach out to any of the other leaders in our market center. Thanks, and have a great...
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Printable Buy Sell Agreement Montana Form: What You Should Know
Cash (US dollars) for one transaction, 100 for two transactions or 500 for three or more transactions. Use this form for both online and in person purchases and includes the seller information in a clear and easy to read format Payment must be made electronically. In Montana, any sale of residential property must be recorded and in the case of a purchase of five (5) or more units, the buyer shall have no interests in that unit until the property is recorded. After the recording, the buyer will own the remaining property. In a real estate transaction, all parties have the right, and obligation, to rescind the transaction at any time and to void or void a sale without penalty. Buyer understands taking any steps they may need to complete this purchase without penalty.
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