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BIDDER# AUCTION REAL ESTATE SALES CONTRACT THIS CONTRACT, made this the , by and between (Seller) whose address is and (Buyer) whose address is AGREEMENT TO PURCHASE. In consideration of the sum as
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How to fill out sample earnest money contract
To fill out a sample earnest money contract, follow these steps:
01
Begin by obtaining a copy of the sample earnest money contract. This can typically be found online or provided by a real estate agent or attorney.
02
Carefully read through the contract to familiarize yourself with its terms and conditions. Pay close attention to the parties involved, the property details, and the amount of earnest money required.
03
Fill in your personal information, including your full legal name, address, and contact details. Ensure that all information provided is accurate and up to date.
04
If you are the buyer, include the details of the property you intend to purchase. This should include the property address, legal description, and any specific conditions or contingencies that need to be met.
05
If you are the seller, provide the necessary information about the property being sold. Include details such as the selling price, any included or excluded items, and any seller disclosures or warranties.
06
Specify the amount of earnest money that you are willing to put down as a deposit. This is typically a percentage of the purchase price and serves as a show of good faith during the transaction.
07
Clearly outline the deadlines and timelines associated with the contract. This includes the deadline for delivering the earnest money, the inspection period, and the closing date.
08
Review the contract once completed to ensure all information is accurate and all necessary sections have been filled out. It may be prudent to have a real estate agent or attorney review the document before finalizing it.
09
Sign the contract along with any other involved parties, such as the seller or a representative from a real estate agency. It is essential to have all signatures and initials where required.
10
Keep a copy of the fully executed contract for your records. This will serve as proof of the agreement and can be referenced if any disputes arise during the transaction.
Who needs a sample earnest money contract?
Those who are involved in real estate transactions, whether as buyers or sellers, may find a sample earnest money contract useful. Additionally, individuals who are new to the real estate industry or unfamiliar with the intricacies of purchasing or selling property may benefit from reviewing a sample contract as a guide. It is always recommended to consult with a real estate professional or attorney to ensure that the sample earnest money contract is tailored to your specific situation and complies with local laws and regulations.
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What is sample earnest money contract?
A sample earnest money contract is a document outlining an agreement between a buyer and seller of real estate, where the buyer provides a deposit to show their commitment to purchase the property.
Who is required to file sample earnest money contract?
The buyer and seller are required to sign and file the sample earnest money contract.
How to fill out sample earnest money contract?
The sample earnest money contract should include details such as the property address, purchase price, deposit amount, contingencies, and signatures of both parties.
What is the purpose of sample earnest money contract?
The purpose of a sample earnest money contract is to protect both the buyer and seller in a real estate transaction by outlining the terms of the sale and the obligations of each party.
What information must be reported on sample earnest money contract?
The sample earnest money contract should include details about the property, parties involved, deposit amount, contingencies, and signatures.
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