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PURCHASE AND SALE AGREEMENT This Agreement entered into this 26th day of September 2012, by and between TD Bank, N.A., with a mailing address One Portland Square, P.O. Box 9540, Portland, Maine 041129540

How to fill out purchase and sale agreement

How to fill out a purchase and sale agreement:

1. Start by obtaining a blank purchase and sale agreement form. You can usually find these forms online or at your local office supply store.
2. Carefully read through the agreement form and familiarize yourself with its contents. Pay close attention to the sections that require your personal information, such as the buyer and seller names, addresses, and contact information.
3. Fill in the property details accurately, including the address, legal description, and any additional information about the property being sold.
4. Specify the purchase price agreed upon between the buyer and seller. This should be a clear and definite amount.
5. Outline the terms and conditions of the agreement, such as the closing date, financing arrangements, and any contingencies. Ensure that these terms accurately reflect the agreement reached between both parties.
6. Review and understand any additional clauses or provisions included in the agreement form, such as inspection and repair contingencies, warranties, or disclosures.
7. Make sure to date and sign the agreement. Both the buyer and seller should sign the document to make it legally binding. It is also a good practice to have the signatures witnessed or notarized if required by your jurisdiction.
8. Retain a copy of the signed purchase and sale agreement for your records.

Who needs a purchase and sale agreement?

A purchase and sale agreement is necessary for anyone involved in a real estate transaction, including:

1. Homeowners who are selling their property
2. Potential property buyers
3. Real estate agents and brokers assisting in the transaction
4. Investors or developers buying or selling properties
5. Landlords or tenants engaging in a lease-purchase arrangement
6. Banks or lending institutions financing the purchase

Essentially, anyone who is buying or selling a property, regardless of the nature of the transaction or their role, should have a purchase and sale agreement in place to protect their interests and outline the terms of the transaction.

For pdfFiller’s FAQs

What is purchase and sale agreement?

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

Who is required to file purchase and sale agreement?

The buyer and seller are both required to file purchase and sale agreement.

How to fill out purchase and sale agreement?

The purchase and sale agreement can be filled out by including details such as the purchase price, closing date, contingencies, and any other relevant terms negotiated between the buyer and seller.

What is the purpose of purchase and sale agreement?

The purpose of the purchase and sale agreement is to formalize the terms of the agreement between the buyer and seller and to provide legal protection for both parties.

What information must be reported on purchase and sale agreement?

The purchase and sale agreement must include details such as the property address, legal description, purchase price, earnest money deposit, contingencies, and any other terms agreed upon by the buyer and seller.

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