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REAL ESTATE PURCHASE CONTRACT EXTENSION AGREEMENT This Agreement made this day of, 20, whereas the parties hereto made and entered into a Real Estate Purchase Contract dated covering the following
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How to fill out real estate purchase contract
How to fill out a real estate purchase contract:
01
Review the contract: Carefully read through the entire real estate purchase contract to understand its terms and conditions.
02
Gather necessary information: Collect all the required information such as the buyer's and seller's names, contact details, property address, and legal description.
03
Purchase price and payment terms: Determine the agreed-upon purchase price of the property and specify the payment terms, including the deposit amount, financing options, and any contingencies.
04
Property inspection contingencies: If desired, specify any contingencies related to property inspections, such as a home inspection, pest inspection, or appraisal.
05
Escrow details: Provide details about the escrow company or attorney who will handle the transaction, including their contact information.
06
Disclosures: Ensure that all mandatory disclosures are provided, including any known issues or defects with the property, environmental hazards, or past renovations.
07
Closing date and possession: Specify the desired closing date and address any requirements regarding possession of the property, such as determining when the buyer can take possession.
08
Signatures: Sign the contract along with the other party involved in the transaction, and consider having it notarized for added legal protection.
Who needs a real estate purchase contract?
01
Homebuyers: Anyone looking to purchase a property, whether it's their first home, an investment property, or a vacation home, needs a real estate purchase contract.
02
Sellers: Sellers should also use a real estate purchase contract to outline the terms of the sale and protect themselves legally.
03
Real estate agents or brokers: Professionals involved in the real estate transaction, such as agents or brokers, should ensure that a real estate purchase contract is used to provide clarity and protect their clients' interests.
04
Attorneys or legal representatives: Depending on the complexity of the transaction or the specific laws in the jurisdiction, attorneys or legal representatives may be involved in drafting or reviewing the real estate purchase contract to ensure its legality and adherence to local regulations.
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What is real estate purchase contract?
A real estate purchase contract is a legally binding agreement between a buyer and seller outlining the terms and conditions for the purchase of a property.
Who is required to file real estate purchase contract?
The buyer and seller are required to 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 details such as the property address, purchase price, closing date, and any contingencies.
What is the purpose of real estate purchase contract?
The purpose of a real estate purchase contract is to document the agreement between the buyer and seller regarding the sale of a property.
What information must be reported on real estate purchase contract?
The real estate purchase contract must include details such as the names of the buyer and seller, property address, purchase price, closing date, and any contingencies.
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