Get the free VIRGINIA ASSOCIATION OF REALTORS® RESIDENTIAL CONTRACT OF PURCHASE

This document is a legally binding contract for the purchase of residential property in Virginia, outlining the terms of sale between the seller and purchaser, including the purchase price, financing

How to fill out virginia association of realtors

How to fill out VIRGINIA ASSOCIATION OF REALTORS® RESIDENTIAL CONTRACT OF PURCHASE

1. Begin with the buyer and seller information: Fill in the names and contact details of both the buyer and seller at the top of the contract.
2. Enter the property details: Specify the address and legal description of the property being sold.
3. Set the purchase price: Clearly state the agreed-upon purchase price for the property.
4. Outline the earnest money deposit: Include the amount of the deposit and specify how it will be held.
5. Indicate financing details: If applicable, detail the type of financing (e.g., conventional, FHA, VA) or if the purchase will be cash.
6. Add contingencies: Specify any contingencies, such as home inspection or financing, that must be met for the sale to proceed.
7. Set the settlement date: Determine and fill in the intended date for closing the transaction.
8. Include disclosure statements: Add any required disclosures about the property condition, lead hazards, or other legal requirements.
9. Review signatures: Ensure that both parties sign and date the document at the appropriate locations.

Who needs VIRGINIA ASSOCIATION OF REALTORS® RESIDENTIAL CONTRACT OF PURCHASE?

1. Individuals looking to buy or sell residential property in Virginia.
2. Real estate professionals and agents representing buyers or sellers in a real estate transaction.
3. Investors interested in acquiring residential properties.
4. Anyone involved in a real estate transaction that requires a formal agreement on the terms of sale.

For pdfFiller’s FAQs

What is VIRGINIA ASSOCIATION OF REALTORS® RESIDENTIAL CONTRACT OF PURCHASE?

The VIRGINIA ASSOCIATION OF REALTORS® RESIDENTIAL CONTRACT OF PURCHASE is a standard legal document used in Virginia to facilitate the purchase of residential real estate. It outlines the terms and conditions of the sale between the buyer and seller.

Who is required to file VIRGINIA ASSOCIATION OF REALTORS® RESIDENTIAL CONTRACT OF PURCHASE?

The VIRGINIA ASSOCIATION OF REALTORS® RESIDENTIAL CONTRACT OF PURCHASE is typically filed by the buyer and seller involved in the real estate transaction, often with the assistance of real estate agents or attorneys.

How to fill out VIRGINIA ASSOCIATION OF REALTORS® RESIDENTIAL CONTRACT OF PURCHASE?

To fill out the VIRGINIA ASSOCIATION OF REALTORS® RESIDENTIAL CONTRACT OF PURCHASE, you need to provide necessary information such as the names of the buyer and seller, property details, purchase price, earnest money deposit, contingencies, and closing date. It’s advisable to consult a real estate professional to ensure accuracy.

What is the purpose of VIRGINIA ASSOCIATION OF REALTORS® RESIDENTIAL CONTRACT OF PURCHASE?

The purpose of the VIRGINIA ASSOCIATION OF REALTORS® RESIDENTIAL CONTRACT OF PURCHASE is to create a legally binding agreement between the buyer and seller regarding the terms of the sale, protecting the interests of both parties throughout the transaction process.

What information must be reported on VIRGINIA ASSOCIATION OF REALTORS® RESIDENTIAL CONTRACT OF PURCHASE?

The information that must be reported on the VIRGINIA ASSOCIATION OF REALTORS® RESIDENTIAL CONTRACT OF PURCHASE includes buyer and seller details, property description, purchase price, financing terms, closing details, contingencies, and any additional terms agreed upon by both parties.