Get the free REAL ESTATE SALE AGREEMENT by and between City of Ann Arbor

REAL ESTATE SALE AGREEMENT by and between City of Ann Arbor, Michigan, as the Seller and Clark Street Holdings, LLC, its assignee or nominee, as the Purchaser October 2013 46313437.3 REAL ESTATE SALE

How to fill out real estate sale agreement

How to fill out a real estate sale agreement?

1. Gather all necessary information: Before filling out a real estate sale agreement, it is important to collect all relevant information. This includes the names and addresses of the buyer and seller, a detailed description of the property being sold, the agreed-upon purchase price, and any special conditions or contingencies.
2. Review the terms and conditions: Carefully read through the agreement's terms and conditions section. This section outlines the responsibilities and obligations of both parties involved in the sale. Pay close attention to provisions related to financing, property inspections, title searches, and closing dates.
3. Include any necessary contingencies: Contingencies are conditions that must be met for the sale to proceed. Common contingencies include obtaining financing, passing a home inspection, or resolving any liens or encumbrances on the property. Make sure to include any relevant contingencies in the agreement to protect both the buyer and seller.
4. Specify the purchase price and payment terms: Clearly state the agreed-upon purchase price for the property and how it will be paid. This may include details about any down payment, financing options, or installment plans. It is important to be specific and include any deadlines or milestones related to the payment terms.
5. Outline property disclosures: Sellers are often required to disclose certain information about the property, such as past repairs, known defects, or the presence of hazardous materials. Make sure to include these disclosures in the agreement to ensure transparency and avoid any legal issues in the future.
6. Seek legal advice if necessary: If you are unsure about any aspect of the real estate sale agreement or if it involves complex legal matters, it is advisable to consult with a real estate attorney. They can provide guidance and help draft or review the agreement to ensure it is legally sound.

Who needs a real estate sale agreement?

1. Homeowners selling their property: If you are selling your home, having a real estate sale agreement is essential. It outlines the terms and conditions of the sale, protects your rights as a seller, and helps ensure a smooth and legally binding transaction.
2. Buyers purchasing a property: Buyers also need a real estate sale agreement to protect their rights and secure their purchase. The agreement establishes the terms of the sale, including the purchase price, payment terms, and any contingencies that must be met for the sale to proceed.
3. Real estate agents and brokers: Real estate professionals involved in facilitating property transactions also rely on real estate sale agreements. These agreements provide a legal framework for their services, detailing their commission fees and responsibilities in the transaction.

Note: It is important to consult with a legal professional or follow local regulations and laws when filling out a real estate sale agreement, as requirements may vary depending on the jurisdiction.

For pdfFiller’s FAQs

What is real estate sale agreement?

A real estate sale agreement is a legal contract between a buyer and seller outlining the terms and conditions of a property sale.

Who is required to file real estate sale agreement?

The buyer and seller involved in the real estate transaction are required to file the sale agreement.

How to fill out real estate sale agreement?

The sale agreement can be filled out by including details such as property address, purchase price, closing date, and any contingencies.

What is the purpose of real estate sale agreement?

The purpose of a real estate sale agreement is to formalize the terms of the property sale and protect the interests of both parties involved.

What information must be reported on real estate sale agreement?

The sale agreement must include details such as property description, purchase price, payment terms, contingencies, and signatures of both buyer and seller.

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