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This document has been prepared by the Columbus Board of REALTORS and the Columbus Bar Association and is for the use of their members only. Columbus Board of REALTORS and the Columbus Bar Association
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How to fill out real estate purchase contract

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How to fill out a real estate purchase contract?

01
Begin by entering the date on the top line of the contract.
02
Include the names of both the buyer and the seller, along with their respective mailing addresses.
03
Specify the property being sold, including its address, legal description, and any other relevant details.
04
Clearly state the purchase price of the property, as well as any applicable financing arrangements.
05
Outline any contingencies or conditions that must be met for the sale to proceed, such as obtaining financing or passing inspection.
06
Include a deadline for completing the transaction, often referred to as the "closing date."
07
Specify who will be responsible for paying closing costs and any other fees associated with the sale.
08
Attach any additional documents that are required, such as inspection reports or disclosures.
09
Review the contract thoroughly for accuracy and completeness before signing and dating it.

Who needs a real estate purchase contract?

01
Buyers: Anyone looking to purchase real estate, whether it be residential or commercial properties, will need a purchase contract to legally document the transaction.
02
Sellers: It is equally important for sellers to have a purchase contract to protect their interests and outline the terms of the sale.
03
Real Estate Agents: Agents who represent either the buyer or the seller will rely on the purchase contract to facilitate a smooth and legally binding transaction.
04
Lenders: Financial institutions providing financing for real estate purchases will often require a purchase contract as part of their loan approval process.
05
Attorneys: Real estate attorneys are often involved in the drafting and reviewing of purchase contracts to ensure all legal requirements and protections are met.
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A real estate purchase contract is a legally binding agreement between a buyer and seller outlining the terms and conditions of a property sale.
The buyer and seller involved in a real estate transaction are required to file the purchase contract.
To fill out a real estate purchase contract, both parties must include details such as property address, purchase price, contingencies, and closing date.
The purpose of a real estate purchase contract is to protect both the buyer and seller's interests and ensure a smooth property sale transaction.
Information such as property details, purchase price, contingencies, closing date, and signatures of both parties must be reported on a real estate purchase contract.
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