Get the free REAL ESTATE PURCHASE CONTRACT - Interwest Realty Brokers

REAL ESTATE PURCHASE CONTRACT This is a legally binding contract. Utah's law requires real estate licensees to use this form. Buyer and Seller, however, may agree to alter or delete its provisions

How to fill out real estate purchase contract

1. Start by obtaining a copy of the real estate purchase contract form. You can usually find these forms online or from a local real estate agent or attorney.
2. Read through the entire contract carefully, paying attention to each section and clause. Make sure you understand the terms and conditions listed.
3. Gather all the necessary information and documentation relating to the transaction. This may include the property details, buyer and seller information, purchase price, financing arrangements, and any contingencies or special provisions.
4. Begin filling out the contract by entering the date on which it is being signed.
5. Provide the full legal names and contact information of both the buyer and seller.
6. Include a detailed description of the property being purchased, including its physical address and any legal descriptions.
7. Specify the purchase price and how it will be paid, whether through financing, cash, or a combination of both.
8. Note any contingencies or conditions of the transaction, such as inspections, financing approval, or the sale of the buyer's existing property.
9. Include any additional provisions or special agreements negotiated between the buyer and seller, such as repairs, home warranty, or shared expenses.
10. Review the completed contract to ensure accuracy and clarity. Make any necessary corrections or additions.
11. Sign and date the contract along with the seller. Both parties should retain a copy of the signed contract.
12. In addition to the buyer and seller, any other parties involved in the transaction, such as real estate agents or attorneys, may also need a copy of the contract.
13. It is important to note that anyone involved in a real estate transaction, whether buying or selling a property, should have a real estate purchase contract. This legal document protects the interests of both parties and provides a framework for the sale or purchase of a property. It is recommended to consult with a qualified real estate attorney or agent to ensure the contract is properly filled out and meets all legal requirements.

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What is real estate purchase contract?

A real estate purchase contract is a legal agreement between a buyer and seller outlining the terms and conditions of the sale of real property.

Who is required to file real estate purchase contract?

The buyer and seller are both required to sign and file the real estate purchase contract.

How to fill out real estate purchase contract?

The real estate purchase contract can be filled out by including all relevant details of the sale such as the purchase price, closing date, and any contingencies.

What is the purpose of real estate purchase contract?

The purpose of the real estate purchase contract is to legally bind both parties to the agreed upon terms of the sale to prevent any disputes.

What information must be reported on real estate purchase contract?

The real estate purchase contract must include details such as the property address, legal description, sale price, earnest money deposit, and any contingencies.