Agreement of Sale for Delaware Residential Property Explained!

NEW – Agreement of Sale for Delaware Residential Property Explained!

July 14, 2016

Fellow Realtors®,

The new Agreement of Sale for Delaware Residential Property is approved, ready for use and accessible through both the dotloop and zipForms libraries. The previous form should be phased out by August 1.

Please share this information with your agents and with your IT staff as well. There have been some reports that email from DAR has been blocked by spam filters. DAR should be whitelisted in all company spam filters.

A series of videos is available to both summarize and explain the recent changes made to the Agreement of Sale. The complete version of the video can be found here. To help you find discussion on specific areas where change has been made, the video has also been sectioned into eight (8) parts:

Part 1: Introduction
Part 2: Paragraph 3, Payment Terms
Part 3: Paragraph 4, Checkbox of Included Items
Part 4: Paragraph 6 and 7, Mortgage Commitment (Appraisal)
Part 5: Paragraph 11, Transfer Taxes
Part 6: Paragraph 21, Home Inspection
Part 7: Paragraph 24, Buyers Default
Part 8: Final Thoughts

Thank you for helping to ensure a successful transition to the new form.

Sincerely,

Bob
Bob McVey, President
Delaware Association of Realtors®

Comments (1)

  • Avatar

    Colleen

    |

    Thank you – by the way, I am meeting with the seller and an attorney tomorrow to sign sales agreement and deposit earnest money – the seller is selling the house himself and neither of us have a realtor – however I am meeting with a real estate attorney tomorrow if his choosing – shall I have my own real estate attorney?

    Reply

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