Home Sale Agreement Guide

To draft a proper sales agreement with these stipulations, it's essential to cover all the necessary legal aspects. Here’s a brief outline of what the agreement should include:
- Property Address: * Sunset Dr. Danville, Indiana *.
- Seller: Dustin Truman.
- Purchase Price: $*,* payment in full at time of purchase.
- Mortgage Assumption: Buyer will assume the remaining balance on the current mortgage at the time of purchase.
- Occupancy and Title: Seller (Dustin Truman) will remain the legal resident and title holder for 3 years from the time of purchase. Title will be fully transferred to the buyer after 3 years.
- Security for Buyer: A quitclaim deed (or another suitable deed) will be provided as security for the buyer until the final transfer.
- Utilities and Taxes: Buyer will assume responsibility for all major utilities and property taxes from the time of purchase.
It’s important to consult with a local real estate attorney to ensure all legal requirements are met and the agreement is enforceable. Would you like to be connected to a local lawyer for further assistance?