Montana Residential Purchase Agreement - EXPLAINED

Fill out an official Montana residential purchase agreement here: https://bit.ly/3sIu3zM

In a residential purchase agreement, all the terms and conditions of a transaction involving the sale of a house are put into writing. Once signed by the buyer and the seller, it becomes a legally binding contract stating the agreed-upon purchase price, financing plans, expiration date, and the rights and responsibilities of both parties.

In this video we’ll cover:

How a residential purchase agreement works
Legal requirements in Montana
What you need to include

Montana laws about seller disclosures:

§ 37-51-313 – If the property is being sold by an agent, a disclosure about the property’s “adverse material facts” is required.

§ 70-16-703 – The seller must inform the buyer about the possible presence of mold on the property.

DISCLAIMER:
This video is strictly for educational purposes and is in no way intended to provide legal advice. We do not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information on this video is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of our videos.

#residentialpurchaseagreement #rpa

-----
0:00 Intro:
0:20 We'll Discuss:
0:37 How Does Residential Purchase Agreement Work:
1:15 State Legal Requirements:
2:00 Include Mortgage Pre-Approval Letter:
2:14 Offer An Earnest Money Deposit:
2:26 Use An Addendum To Modify Or Add To The Agreement: