This form is an Asset Purchase Agreement. The buyer agrees to purchase from the seller certain assets which are listed in the agreement. The form also provides a listing of certain assets which will be excluded from the sale. The form must be signed in the presence of a notary public.
Purchase Contract With Gift Of Equity In Travis
Category:
State:
Multi-State
County:
Travis
Control #:
US-00418
Format:
Word;
Rich Text
Instant download
Description
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To complete a gift of equity, the home's seller must get an official appraisal. Wherever your state enters info for seller concessions (ie seller paid closing costs), you should be able to enter your gift of equity info.The difference is considered to be a gift of equity as the buyer is daughter of sellers. A gift of equity is the sale of a residence to a family member or someone with whom the seller has a close relationship.