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PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS This Purchase and Sale Agreement and Escrow Instructions (Agreement) is entered into as of this day of, 201 6, by and between the Successor Agency

How to fill out purchase and sale agreement

How to fill out a purchase and sale agreement:

1. Begin by gathering all the necessary information. This includes details about the buyer and seller, property address, purchase price, and any specific terms or conditions.
2. Review the agreement template or form that you are using. Make sure it is legally valid and includes all the essential sections, such as property description, contingencies, and closing dates.
3. Fill in the required information accurately. Double-check names, addresses, and numbers to avoid any errors or discrepancies.
4. Include any additional provisions or clauses that are relevant to the transaction. This could include contingencies for financing, inspections, or repairs.
5. Review the document thoroughly. Ensure that all terms and conditions are clearly stated, and both parties agree to them. Seek legal advice if necessary.
6. Sign the agreement along with the other party involved. It is recommended to have the signatures notarized for added legal validity.
7. Keep copies of the fully executed agreement for both parties' records. These documents serve as a legal reference and can be used if any disputes arise in the future.

Who needs a purchase and sale agreement:

1. Homebuyers: Individuals or families looking to purchase a property need a purchase and sale agreement to outline the terms and conditions of the transaction.
2. Home sellers: Sellers also need a purchase and sale agreement to establish the terms of the sale, including the price, contingencies, and any specific conditions.
3. Real estate agents: Agents representing either the buyer or seller play a crucial role in preparing and finalizing the purchase and sale agreement.
4. Investors: Investors involved in real estate transactions, whether buying or selling, require a purchase and sale agreement to ensure a smooth and legally binding process.
5. Developers: Developers involved in large-scale projects often use purchase and sale agreements to outline the sale of multiple properties or tracts of land.

Remember, it is always advisable to consult with a legal professional or real estate expert when filling out a purchase and sale agreement to ensure all legal requirements are met and that your interests are protected.

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