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Posted by Media Rama on March 6, 2023

Buying a home can be a complicated process and it involves several important documents that

you need to be familiar with.

  1   AGREEMENT TO LEASE – this is a document that outlines the terms and

conditions of a lease that is yet to be executed between a landlord and a tenant. It contains information such as the address, the size and the condition of the property.

  2   SECTIONAL TITLE – this is a documents that shows legal ownership structure

where multiple owners have individual ownership of specific section or units within a large


 3   OFFER LETTER -it’s a document that is typically prepared by a potential buyer

and submitted to a seller. formally offering to purchase a property at a specific price and

under certain terms and condition. It contains the following details

 Property description

 Proposed purchase price

 Name and address to both buyer and seller

 Down payment amount and financing terms

 Proposed closing date.

4 RESERVATION FORM – it’s a document used by a potential buyer to reserve specific property

, often before the purchase agreement has been finalized. The reservation form typically includes the

following details;

 Name and address of the buyer

 The property description

 Reservation fee or deposit     

The purpose of a reservation form is to allow a buyer to express their interest in a property for a

period of time and potentially prevent other interested parties.

Whether you’re a first-time homebuyer or an experienced one, understanding the various documents involved in the home buying process is crucial. These documents will guide you through the home buying journey and ensure that you make informed decisions.

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