Get the free PURCHASE AGREEMENT - REMAX of bMichiganb

ANN ARBOR BENTON 2750 S. State Street Ann Arbor, MI 48104 Broker ID# 358528 Phone (734) 7411000 Fax (734) 2227006 1100 Terra Road Benton, MI 48430 Broker ID# 341375 Phone (810) 6295800 Fax (810) 7504408

How to fill out purchase agreement - remax

How to fill out a purchase agreement - RE/MAX:

1. Start by obtaining the official purchase agreement form from RE/MAX. This form is typically provided by the real estate agent or broker handling the transaction.
2. Begin by filling out the basic information about the property being purchased, including the address, legal description, and any other relevant details. This information helps to identify the property accurately.
3. Include the names of all parties involved in the transaction, such as the buyer(s), seller(s), and any agents or brokers representing them. Ensure that all parties' contact information is complete and up to date.
4. Specify the purchase price and terms of payment. This section should outline the agreed-upon amount to be paid for the property, including any down payments, financing arrangements, or contingencies.
5. Include any special conditions or contingencies that need to be addressed in the purchase agreement. For example, if the purchase is contingent upon a satisfactory home inspection or financing approval, these terms should be clearly outlined.
6. Indicate the closing date and any deadlines for completing specific actions, such as securing financing or completing inspections. It is crucial to establish a reasonable timeline for the completion of the transaction.
7. Consider including any additional provisions or disclosures required by applicable laws or regulations. This may include information about lead-based paint, radon disclosures, or other relevant legal requirements.
8. Review the completed purchase agreement carefully, ensuring that all information is accurate and that all parties involved are in agreement. Seek legal advice if necessary to ensure compliance with local laws and regulations.

Who needs a purchase agreement - RE/MAX?

1. Homebuyers: Anyone looking to purchase a property through a transaction facilitated by a RE/MAX real estate agent or broker will need a purchase agreement. This document ensures that all parties involved are aware of the terms and conditions of the sale.
2. Home sellers: Sellers who choose to work with a RE/MAX agent or broker will also need a purchase agreement to outline the terms of the sale. This agreement protects both parties involved in the transaction.
3. Real estate agents and brokers: RE/MAX agents and brokers play a vital role in facilitating property transactions. They are responsible for preparing and completing the purchase agreement, ensuring that all necessary information is included and that all parties are in agreement.
4. Lenders and financial institutions: When financing is involved in a real estate transaction, lenders or financial institutions may require a copy of the purchase agreement for their records. This helps them ensure that the terms of the sale align with their lending guidelines.
5. Legal professionals: Attorneys specializing in real estate law often review and advise their clients on purchase agreements. They ensure that the document protects their client's interests and complies with all relevant laws and regulations.

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