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Home Smart Success Document updated: February 2011 BUYER ATTACHMENT REAL SOLUTIONS. REALTOR SUCCESS This attachment should be given to the Buyer prior to the submission of any offer and is not part

How to fill out rpc - residential purchase

How to fill out RPC - Residential Purchase:

1. Begin by gathering all necessary documents and information related to the residential purchase, such as identification, financial statements, and property details.
2. Fill out the personal details section of the form, providing accurate information about the buyer, seller, and any other parties involved in the transaction.
3. Specify the property details, including the address, legal description, and any relevant zoning or land use information.
4. Indicate the purchase price and any agreed-upon terms or conditions, such as financing arrangements, payment schedules, and contingencies.
5. Disclose any known defects or issues with the property by filling out the appropriate sections of the form.
6. Include any additional terms or conditions that both parties have agreed upon, such as repairs or renovations to be completed before the closing.
7. Sign and date the form, ensuring that all required signatures are obtained from all involved parties, including witnesses if necessary.
8. Submit the completed RPC - Residential Purchase to the appropriate party, such as the real estate agent, attorney, or escrow officer, depending on the transaction's process.

Who needs RPC - Residential Purchase?

1. Home Buyers: Individuals or families looking to purchase a residential property require the Residential Purchase Contract (RPC) as it serves as a legal document outlining the terms and conditions of the purchase.
2. Home Sellers: Those selling their residential property also need the RPC as it provides a framework for negotiating and finalizing the sale.
3. Real Estate Agents: Agents representing either the buyer or seller typically use the RPC to facilitate the transaction process and ensure that all necessary information is documented accurately and legally.
4. Attorneys: Legal professionals involved in the real estate transaction may use the RPC to provide legal advice and guidance to their clients, ensuring compliance with relevant laws and regulations.
5. Escrow Officers: These professionals use the RPC as a reference point to manage the escrow process and ensure that all aspects of the sale are appropriately handled and coordinated.
6. Lenders: Financial institutions providing financing for the residential purchase may review the RPC to ensure that the terms and conditions align with their lending criteria.

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