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REAL PROPERTY PURCHASE AGREEMENT WITNESSED THIS AGREEMENT dated, 2006, by and between THE STATE OF INDIANA acting through the Indiana Department of Administration, (Seller) and, (Buyer). In consideration

How to fill out real property purchase agreement

How to fill out a real property purchase agreement:

1. Begin by identifying the parties involved in the agreement, including the buyer and seller. Provide their full legal names and addresses.
2. Clearly state the description of the property being sold. Include the address, legal description, and any other pertinent details that uniquely identify the property.
3. Specify the purchase price of the property and how it will be paid. This may include details on the down payment, financing arrangements, or any applicable contingencies.
4. Outline the terms and conditions of the agreement, including timelines, deadlines, and any necessary inspections or appraisals.
5. Include any representations and warranties made by the seller regarding the condition of the property or any known defects.
6. Address any potential disputes or conflicts that may arise during the transaction. This can include provisions for mediation, arbitration, or legal action.
7. Include any additional terms or conditions that are agreed upon by both parties, such as seller financing, closing costs, or any specific contingencies.
8. Sign and date the agreement once all parties have reviewed and agreed upon the terms.

Who needs a real property purchase agreement:

1. Buyers and sellers of real estate who want a legally binding document that outlines the terms and conditions of the property sale.
2. Real estate agents and brokers who are involved in facilitating the transaction and need a written agreement to protect their interests.
3. Lenders or financial institutions who may require a purchase agreement as part of the loan application process.
4. Attorneys and legal professionals who handle real estate transactions and need to document the terms and conditions agreed upon by the parties involved.
5. Any individual or entity looking to buy or sell real property and wants to ensure that all rights, responsibilities, and obligations are clearly outlined in a written agreement.

For pdfFiller’s FAQs

What is real property purchase agreement?

A real property purchase agreement is a legal document that outlines the terms and conditions of a real estate transaction between a buyer and a seller.

Who is required to file real property purchase agreement?

The buyer and seller are both required to file the real property purchase agreement.

How to fill out real property purchase agreement?

To fill out a real property purchase agreement, both parties must provide their full legal names, the property address, purchase price, deposit amount, closing date, and any contingencies or special conditions.

What is the purpose of real property purchase agreement?

The purpose of a real property purchase agreement is to ensure that both the buyer and seller understand and agree to the terms of the real estate transaction.

What information must be reported on real property purchase agreement?

The real property purchase agreement must include details such as the names of the parties involved, property address, purchase price, deposit amount, closing date, and any special conditions or contingencies.

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