Get the free Residential Purchase Contract - 05/05 - Scottsdale.com

PRUDENTIAL ARIZONA PROPERTIES BUYER ATTACHMENT This attachment should be given to the Buyer prior to the submission of any offer and is not a part of the Residential Resale Real Estate Purchase Contract

How to fill out residential purchase contract

1. To fill out a residential purchase contract, you will need to gather all the necessary information and documents related to the property purchase. This includes the address of the property, legal descriptions, purchase price, financing terms, and any contingencies or conditions.
2. Start by reviewing the contract carefully to understand its terms and conditions. Ensure that you have a clear understanding of the obligations and responsibilities of both the buyer and the seller.
3. Fill in the required information on the contract form. This includes your name, contact information, and any other personal details as the buyer. Similarly, provide the seller's information accurately.
4. Include the property details such as the address, legal descriptions, and any other specific information required by the contract.
5. Clearly state the purchase price, along with the payment terms and any financing arrangements, if applicable. Specify whether you are paying in cash or utilizing a loan, and include details about the down payment and the remaining balance.
6. Include any contingencies or conditions that need to be met before the contract becomes binding. For example, these may include a satisfactory home inspection, obtaining financing approval, or the sale of a current property.
7. If there are any additional terms or agreements between the buyer and seller, make sure to include them in the contract. This could involve specific repairs or modifications to the property, inclusion or exclusion of certain appliances or fixtures, or any other negotiated terms.
8. Review the entire contract thoroughly before finalizing it. Make sure all the information is accurate and complete, and that you have not missed any required sections.
9. Once you are satisfied with the contract, sign it along with the seller. It is important to understand that signing a residential purchase contract is a legally binding agreement, so ensure that you are fully aware of the implications.

Who needs a residential purchase contract?

1. Buyers - Individuals or entities purchasing residential properties need a residential purchase contract as it acts as a legally binding document that outlines the terms and conditions of the sale. It helps protect the buyer's rights and interests during the purchase process.
2. Sellers - Individuals or entities selling residential properties also need a residential purchase contract to establish the terms and conditions of the sale. The contract ensures that the seller's rights are protected and provides a clear understanding of the transaction for both parties involved.
3. Real Estate Agents - Real estate agents representing the buyer or the seller also play a key role in the residential purchase contract. They assist in preparing the contract and ensure that all necessary information is included accurately. Real estate agents also guide their clients through the contract and help negotiate any terms or conditions.

For pdfFiller’s FAQs

What is residential purchase contract?

A residential purchase contract is a legally binding agreement between a buyer and seller outlining the terms and conditions of a property sale.

Who is required to file residential purchase contract?

The buyer and seller are both required to file the residential purchase contract.

How to fill out residential purchase contract?

The residential purchase contract can be filled out by including all relevant information about the property sale, including the purchase price, closing date, and any contingencies.

What is the purpose of residential purchase contract?

The purpose of the residential purchase contract is to protect both the buyer and seller by clearly outlining their rights and obligations during the sale process.

What information must be reported on residential purchase contract?

Information such as the property address, purchase price, closing date, any contingencies, and signatures of both parties must be reported on the residential purchase contract.

How can I send residential purchase contract for eSignature?

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How do I make changes in residential purchase contract?

The editing procedure is simple with pdfFiller. Open your residential purchase contract in the editor. You may also add photos, draw arrows and lines, insert sticky notes and text boxes, and more.

How do I fill out residential purchase contract on an Android device?

Use the pdfFiller app for Android to finish your residential purchase contract. The application lets you do all the things you need to do with documents, like add, edit, and remove text, sign, annotate, and more. There is nothing else you need except your smartphone and an internet connection to do this.