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2. How to buy a house from a family member - AOL

   www.aol.com/finance/buy-house-family-member...

   Create a contract: Your real estate agent or attorney can draft a formal purchase and sales agreement. This document should outline all the key details and terms of the deal, including the sale ...

3. Equitable conversion - Wikipedia

   en.wikipedia.org/wiki/Equitable_conversion

   In most jurisdictions, the real property interest created by the contract will pass to the buyer's heirs, while the seller's personal property interest created by the contract will pass to the seller's estate. The State of New York does not recognize equitable conversion. In New York, as long as the buyer is without fault, the risk of loss ...

4. Heir property - Wikipedia

   en.wikipedia.org/wiki/Heir_property

   Heirs Property occurs when a deceased person's heirs or will beneficiaries become owners of property (also known as real property) as tenants in common. [3] When a property is probated, a deceased person either has a will and the property is passed on to the named beneficiary, or a deceased person dies intestate, without a will, and the property could be split among multiple heirs who become ...

5. Estate sale - Wikipedia

   en.wikipedia.org/wiki/Estate_sale

   The will of the deceased may have mandated a sale of assets, or the assets may have to be sold in order to pay all or part of the estate's debts; An estate sale may also occur because the property owner will be moving or has moved into a new residence where they will be unable to keep their property, such as an assisted living facility, a ...

6. Can a seller back out of a real estate contract? - AOL

   www.aol.com/finance/seller-back-real-estate...

   For example, a seller can make the sale contingent upon having a contract to buy another house, so they have a place to move to. If they are unable to secure a new home, the seller may then have ...

7. Purchase and sale agreement - Wikipedia

   en.wikipedia.org/wiki/Purchase_and_Sale_Agreement

   A purchase and sale agreement (PSA), also called a sales and purchase agreement (SPA) [1] or an agreement for purchase and sale (APS), [2] is an agreement between a buyer and a seller of real estate property, company stock, or other assets.