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Missouri Residential Purchase Agreement

A Missouri residential purchase agreement is a contract between the buyer and the seller of a residential property. The agreement acts as a binding offer until accepted by the seller. At the time of acceptance, the buyer must pay the earnest money deposit with any contingencies to be fulfilled before the closing date.
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State Laws

Buyer Beware – As a “caveat emptor” state, real estate buyers in Missouri should be aware that sellers are not required by law to disclose any property defects, damages, or other deterrents that may affect the buyer’s decision to purchase the residence. However, the law does mandate that sellers inform buyers if the property was previously used for methamphetamine production. (§ 442.606)

Required Disclosures (2)

Lead-Based Paint Disclosure – This statement must be given to buyers who are purchasing homes built before the year 1978 and informs them of the possible use of toxic lead-based paint on the premises.

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Seller’s Disclosure Statement for Residential Property (Form DSC-8000) – Missouri does not require the sellers of real estate to disclose information regarding a property’s condition. Nonetheless, completing and providing a disclosure statement can help reassure potential buyers.

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