When it comes to buying or selling real estate, having a legally binding agreement in place is crucial. A buy-sell agreement is a contract between the buyer and seller that outlines the terms and conditions of the transaction, including the purchase price, closing date, and any contingencies that must be met before the sale can be completed.
While it’s important to have a buy-sell agreement in place, it can also be costly to hire a lawyer to draft one for you. Fortunately, there are free options available that can help you create a legally binding agreement without breaking the bank.
Here are a few resources you can use to create a free buy-sell agreement for real estate:
1. LawDepot – LawDepot offers a variety of legal documents, including buy-sell agreements for real estate. Their customizable templates make it easy to create an agreement that meets your specific needs. Simply fill in the required information, download the document, and have it signed by both parties.
2. JotForm – JotForm offers a free buy-sell agreement template that you can customize to meet your needs. The template includes fields for the purchase price, down payment, closing date, and any contingencies that must be met before the sale can be completed.
3. Rocket Lawyer – Rocket Lawyer offers a free trial that allows you to create a buy-sell agreement for real estate. Their customizable template includes all the necessary information and can be downloaded and signed by both parties.
While these resources can provide a free way to create a buy-sell agreement for real estate, it’s important to note that they may not meet all legal requirements in your state. It’s always a good idea to have a lawyer review any legal document before signing it to ensure that it meets all legal requirements and provides the necessary protections.
In conclusion, having a buy-sell agreement in place is crucial when buying or selling real estate. While hiring a lawyer to draft one for you can be costly, there are free resources available that can help you create a legally binding agreement. Just be sure to have the document reviewed by a lawyer to ensure that it meets all legal requirements.