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Village of River Forest Application for Water and Sewer Service (PLEASE PRINT) SERVICE ADDRESS: SALE OF PROPERTY: Actual Closing Date: Sellers Name: Forwarding Address: Forwarding Phone No.: NOTE:
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How to fill out sale of property

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How to fill out a sale of property:

01
Begin by gathering all the necessary documents and information. This includes the deed, property description, tax identification number, and any other relevant paperwork.
02
Verify the legal ownership of the property. This step is crucial to ensure that all parties involved in the transaction have the legal right to sell or purchase the property.
03
Determine the agreed-upon purchase price and include it in the sales agreement. Make sure that both parties agree on the terms and conditions of the sale, including any contingencies or specific requests.
04
Complete the necessary disclosure forms. Depending on your location, there might be specific disclosure requirements that you need to fulfill. This could involve disclosing any known issues or defects with the property.
05
Prepare the transfer documents. This will typically involve completing a deed or other transfer instrument that legally transfers the ownership of the property from the seller to the buyer.
06
Get the necessary signatures. All parties involved in the sale, including the buyer, seller, and any necessary witnesses, need to sign the appropriate documents to make the sale legally binding.
07
Have the documents notarized, if required. Some jurisdictions may require certain documents to be notarized to ensure their validity.
08
Submit the necessary documents to the appropriate authorities. This may include the local county recorder's office or land registry office, depending on your location.
09
Pay any required fees or taxes. There may be registration fees or transfer taxes that need to be paid as part of the sale process. Make sure to comply with any financial obligations associated with the sale.
10
Keep copies of all documents for your records. It is important to maintain a file with copies of all the paperwork related to the sale of the property for future reference.

Who needs sale of property?

01
Individual homeowners looking to sell their property.
02
Real estate agents or brokers assisting clients with property sales.
03
Investors or real estate developers buying and selling properties for profit.
04
Banks or financial institutions involved in foreclosures or selling their own properties.
05
Trusts or estates that need to sell property as part of their legal obligations.
06
Government entities or municipalities selling public or surplus property.
07
Individuals or businesses involved in land or property disputes where a sale may be necessary to resolve the issues.
08
Individuals or businesses looking to transfer ownership of property within their family or between partners.
09
Landlords or property management companies needing to sell rental properties.
10
Any person or organization dealing with real estate transactions that involve the sale of property.
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Sale of property refers to the transaction in which a property is sold or transferred from one party to another in exchange for payment.
Individuals or entities who have sold or transferred a property are required to file the sale of property.
To fill out sale of property, one must provide details of the property sold or transferred, the sale price, and any relevant tax information.
The purpose of sale of property is to report the transaction to the appropriate tax authorities and ensure that any applicable taxes are paid.
The information that must be reported on sale of property includes details of the property, sale price, date of sale, and any relevant tax information.
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