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CHICAGO ASSOCIATION OF REALTORS/MLS CONDOMINIUM REAL ESTATE SALE CONTRACT (including condominium town home) CHICAGO ASSOCIATION OF REALTORS/MLS CONDOMINIUM REAL ESTATE SALE CONTRACT (including condominium
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How to fill out condominium real estate sale

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How to Fill Out Condominium Real Estate Sale:

Gather necessary documents:

01
Obtain a copy of the condominium declaration and by-laws from the homeowners' association or management company.
02
Obtain a copy of the current property title and any other relevant legal documents.

Prepare seller disclosures:

01
Fill out and provide potential buyers with any required seller disclosure forms.
02
Disclose any known defects or issues with the condominium unit.

Determine the sale price:

01
Research the current market value of similar condominium units in the area to determine a fair and competitive sale price.
02
Consider any recent upgrades or renovations that may increase the value of the property.

Complete the purchase and sales agreement:

01
Use a standard purchase and sales agreement form or consult with a real estate attorney to draft a customized agreement.
02
Include details such as the sale price, contingencies, closing date, and any specific terms or conditions.

Obtain necessary signatures:

01
Ensure that all parties involved, including the buyer, seller, and any real estate agents, sign the purchase and sales agreement.
02
If applicable, obtain any required signatures from representatives of the homeowners' association or management company.

Disclose any condominium association fees or assessments:

01
Provide information about any monthly or annual fees associated with the condominium unit.
02
Disclose any special assessments or pending fee increases that could affect the buyer's expenses.

Provide relevant documents to the buyer's attorney or lender:

01
Coordinate with the buyer's attorney or lender to provide copies of necessary documents, such as the condominium declaration and by-laws, for review.
02
Answer any questions or provide additional information as requested.

Who needs condominium real estate sale?

01
Condominium owners looking to sell their unit: Individuals who own a condominium unit and wish to sell it.
02
Real estate agents: Professionals who assist condominium owners in marketing and selling their properties.
03
Potential buyers: Individuals interested in purchasing a condominium unit for personal use or investment purposes.
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Condominium real estate sale refers to the process of selling a condominium unit or property.
The owner or seller of the condominium property is required to file the condominium real estate sale.
To fill out condominium real estate sale, the owner must provide details of the property, sale price, and any other relevant information required by the local authorities.
The purpose of condominium real estate sale is to transfer ownership of the property from the seller to the buyer.
Information such as property details, sale price, seller and buyer information, and any additional terms of the sale must be reported on condominium real estate sale.
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