Description of Georgia Real Estate Forms

1. Georgia Purchase and Sale Agreement: If you are selling jointly fill in the name of both husband and wife and leave the Buyer's name blank. "Lot" and "block" are part of the legal description of the property and can usually be found on the deed. Leave blank if you can't find it and fill in City, County and Street address. Fill in all information that will not change plus your asking price at the top of paragraph 2, and print several copies. Paragraphs 2 can't be filled out without a potential buyer who has agreed to your price and is prepared to say how much cash he or she can offer as a down payment and what kind of mortgage loan he or she will try to get.

2. Georgia Seller's Property Disclosure Statement: Fill in the blanks, make several copies, and attach a copy to each Contract For Purchase And Sale. The purpose of this document is to allow the Seller to tell the Buyer what he or she knows about the property. It does NOT require research. "Don't know" or "Unknown" are perfectly acceptable answers.

3. Lead Based Paint Addendum: If the home was built in 1978 or later, indicate that and attach the basically blank form to the Contract For Sale And Purchase. If the home was built prior to 1978, answer the questions and print several copies for attachment to Residential Sales Contract.

4. Georgia Homeowner's Association Disclosure: Most homes built after 1980 are in sub-divisions where owners are required to join Homeowner's Associations and pay dues to maintain common property. Fill out this form if your Buyer will be required to join a Homeowner's Association.

5. Amendment To Purchase and Sale Agreement: This is essentially a blank form to provide space for the Seller and Buyer to specify terms not included in the Purchase and Sale Agreement. In most cases, the new terms can be copied from our Special Stipulations form, or 'cut' and 'pasted" into the blank space on the Amendment.

6. Georgia Agency and Brokerage Attachment: If Seller or Buyer is represented by a real estate broker, the broker must state who they are representing and in what capacity. Georgia real estate brokers and agents use a version of the Purchase and Sale Agreement with the Agency and Brokerage section already included.

7. Escrow Agreement: When selling a home with the help of a real estate broker, the broker usually holds the Buyer's earnest money deposit. The Escrow Agreement provides a place for the Seller and Buyer to name a third party to hold earnest money and other deposits. It also specifies the conditions under which the deposit are returned to the Buyer or transferred to the Seller

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8. Counter Offer: This is essentially a blank form that provides a medium for either the Seller or Buyer to describe terms they would like made to the currently offered Purchase and Sale Agreement. For simple changes like the purchase price amount the Seller or Buyer can simply draw a line through the offered amount and write an acceptable price directly onto the Purchase and Sale Agreement. The Counter Offer provides a more formal method of making complex changes.

9. Special Stipulations: This is a plain text document with 24 clauses (paragraphs) that describe situations Sellers and Buyers often want to include in the Purchase and Sale Agreement. For instance, a Buyer may want to make the contract subject to approval of a father-in-law who is financing the purchase. These stipulations are in plain text format so they may easily be 'cut' and 'pasted' into the Special Stipulations section following paragraph 15 in the Purchase and Sale Agreement.

Net to Seller: This form allows user to enter estimates of all closing costs (balance on current mortgage loan, attorney's fee, Title search, etc). The user manually subtracts the total estimated cost from the Purchase Price to get the amount of cash the Seller will receive at closing.

Buyer Pre-Qualification: This form records the prospective Buyer's annual income and expenses and provides manual calculation formula to determine if Buyer can afford the asking price.

Buyer Pre-Qual Sample: Buyer Pre-Qualification form filled out for a Buyer with $48,000 annual income. Based on the sample Buyer's monthly expenses, the form estimates that Buyer can afford a $144,000 house.