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2. ESTATE AND TRANSFER EXEMPTIONS heir or distributee where the transfer is being made pursuant to will or by intestacy. GRANTOR SELLER Name Address Signature Date Signed Seller or Agent GRANTEE BUYER Buyer Seller or Agent VILLAGE OF ELK GROVE VILLAGE MUNICIPAL CODE SECTION 3-2-5-F Section 3-2-5-F Exemptions 1. Contact Utility Billing at 847 357-4060 to arrange for a final reading. In order to process your request for an Elk Grove Village Real Estate Transfer Tax Stamp this Real Estate...

How to fill out real estate transfer declaration

How to fill out real estate transfer declaration

1. Read the instructions: First, ensure that you have read the instructions provided with the real estate transfer declaration form. This will help you understand the process and the information required.
2. Gather necessary documents: Collect all the documents related to the transfer of real estate, such as property deed, purchase agreement, and any supporting documentation.
3. Identify the parties: Clearly identify the parties involved in the transfer, including the buyer, seller, and any intermediaries or representatives.
4. Provide property details: Fill in the necessary details about the property being transferred, including the address, legal description, and property identification number.
5. Enter transfer details: Specify the details of the transfer, such as the date of transfer, the sale price, and any conditions or contingencies.
6. Include financial information: Provide information about any mortgages, liens, or other financial obligations related to the property being transferred.
7. Sign and notarize: Ensure that all required parties sign the declaration form and get it notarized, if necessary.
8. Submit the declaration: Submit the completed real estate transfer declaration form to the appropriate authority or agency as per the local regulations.

Who needs real estate transfer declaration?

1. Buyers and sellers: Both buyers and sellers involved in the transfer of real estate need to fill out the real estate transfer declaration. This helps in documenting and disclosing important information about the property.
2. Real estate agents: Real estate agents or brokers assisting in the transaction may also need to fill out the declaration form to properly represent their clients.
3. Financial institutions: Banks or lending institutions providing mortgages or loans for the real estate transfer may require the declaration to assess the property's value and associated risks.
4. Government agencies: Local government agencies, such as tax assessment departments, may require the real estate transfer declaration to calculate property taxes or record transfers for official records.

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