The state of Alabama is located at the southern part of the United States of America. It was once inhabited by the Native American Indians such as the Cherokee, Chickasaw, Choctaw, Creek, Koasati, Mobile and Alabama (Alibamu). Though it was considered the cradle of the confederacy during the American Civil War, the state took center stage during the civil rights movement during the 50’s and the 60’s.
The laws that govern real estate transaction in other parts of the United States apply to those in Alabama as well. Whether homes are sold through an agent or listed as FSBO (For Sale by Owner), the documentation required are the same. It is not as legally difficult to do since there are standard real estate forms and contracts (others specifically formatted to conform to the requirements of a specific state) can now be downloaded or purchased through the internet.
The standard documents required by the State of Alabama for home sellers include the Residential Property Disclosure Form, Disclosure of Information on Lead-Based Paint Form (especially for homes built before 1978), the EPA’s Lead Based Paint Hazards Booklet, Real Estate Purchase and Sale Agreement and the Warranty Deeds (usually formatted by marital status).
Just like other states, it is important that the property disclosure form and the disclosure of lead-based paint forms are properly filled out. The success of a real estate transaction depends mainly on the honesty of the seller in declaring the true state of the house. In Alabama, a contract to buy a property can be cancelled without penalty if the buyer finds out that some information on the property or the community has been conveniently omitted.
Preview Forms for FREE!!! View Available Alabama Real Estate Forms – Click Here