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GREATER BINGHAMTON ASSOCIATION OF REALTORS, INC AND BROOKE COUNTY BAR ASSOCIATION
PURCHASE AND SALE CONTRACT FOR RESIDENTIAL PROPERTY
OF NOT MORE THAN FOUR UNITS
THIS IS A LEGALLY BINDING AGREEMENT
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How to fill out gbar purchase and sale
01
To fill out the gbar purchase and sale form, follow these steps:
02
Begin by entering the buyer's name, address, and contact information in the designated fields.
03
Provide the seller's name, address, and contact details in the appropriate sections.
04
Specify the property details such as the address, legal description, and any other relevant identifiers.
05
Indicate the agreed purchase price and payment terms, including the deposit amount and method of payment.
06
Include any contingencies or conditions that are part of the transaction, such as financing or inspections.
07
Disclose any additional terms or agreements that both parties have negotiated and wish to include in the contract.
08
Review the form thoroughly to ensure accuracy and completeness.
09
Have both the buyer and seller sign and date the gbar purchase and sale form.
10
Make copies of the fully executed form for all involved parties, including the realtors and attorneys, if applicable.
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Ensure that each party retains a copy of the finalized gbar purchase and sale document for their records.
12
By following these steps, you can successfully fill out a gbar purchase and sale form.
Who needs gbar purchase and sale?
01
Gbar purchase and sale forms are required by individuals or organizations involved in real estate transactions.
02
This includes both buyers and sellers who are engaging in the purchase or sale of a property.
03
Real estate agents or brokers handling the transaction may also need to use gbar purchase and sale forms.
04
Additionally, attorneys involved in the legal representation of the parties may require these forms for documentation purposes.
05
Overall, anyone participating in a real estate purchase or sale transaction can benefit from using gbar purchase and sale forms to ensure a clear and legally binding agreement.
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