Table of contents:
Legal Forms and Documents
Navigating real estate transactions in Columbus, GA, involves utilizing various legal forms and documents. Understanding their purpose and significance ensures a smooth and legally compliant process.
These documents serve as the foundation for agreements between buyers, sellers, and other parties involved in real estate transactions. They provide legal protection and establish clear expectations for all parties.
Common Legal Forms and Documents
- Purchase Agreement: Artikels the terms and conditions of the property sale, including purchase price, contingencies, and closing date.
- Closing Statement: Summarizes the financial details of the transaction, including closing costs, mortgage information, and property taxes.
- Deed: Transfers ownership of the property from the seller to the buyer, legally establishing the new owner.
- Mortgage Note: A promissory note signed by the buyer, promising to repay the loan amount to the lender over a specified period.
