During this period, the seller may submit a counter-offer and the buyer may have the property inspected. Once the agreement is signed by both parties, it becomes legally binding. The form can be used by parties involved in a real estate transaction (the seller and buyer) if they wish to document the activity of buying and selling property without soliciting a licensed real estate agent (or broker) in the state of Missouri. Signing the real estate contract in Missouri is highly recommended, as it serves as a legally binding agreement and sets the legal terms of the transaction. As a reserve state, Missouri real estate buyers should be aware that the law does not require sellers to disclose property defects, damage, or other deterrents that may influence the buyer`s decision to purchase the home. However, the law requires sellers to inform buyers if the property has previously been used for the production of methamphetamine. (§ 442.606) Lead-based Paint Disclosure – This statement must be given to buyers who purchase homes built before 1978 and informs them about the possible use of toxic lead-based paint on the site. Several possible annexes may be available in case of purchase and sale of residential real estate. But since they are all optional, it is up to the parties to decide which of them should be prepared. Typically, a list of required supporting documents is lead-based painting (42 U.S. The Missouri Sales Contract is a remarkable document that is used to legally transfer ownership of residential property…