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RED MTN PSA REAL ESTATE PURCHASE AGREEMENT Between: SellerESTATE OF MAXINE FAUBIONand: Buyer* * * RECITALS. Seller owns real property located in Benton County, Washington. B. Seller is auctioning

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How to fill out purchase and sale agreement

01

Gather all necessary information: Both the buyer and seller should have all relevant information such as the property address, legal description, purchase price, and any other important details.

02

Identify the parties involved: Clearly state the names and contact information of both the buyer and seller. Include any additional parties such as real estate agents or attorneys if applicable.

03

Include the terms and conditions: Specify the terms of the agreement, including payment details, financing arrangements, and any contingencies or conditions that must be met before the sale can be completed.

04

Outline property details: Provide a detailed description of the property being sold, including its legal boundaries, any improvements, and any fixtures or appliances included in the sale.

05

Include disclosures and warranties: Disclose any known defects or issues with the property and include any warranties or guarantees made by the seller.

06

Sign and date the agreement: Both the buyer and seller should sign and date the agreement, indicating their acceptance of the terms and conditions.

07

Obtain necessary signatures and notarization: If required by law, have the agreement notarized and ensure any additional signatures, such as those from witnesses, are obtained.

08

Keep copies of the agreement: Make multiple copies of the signed agreement for the buyer, seller, and any agents or attorneys involved. Keep the original document in a safe place.

Who needs purchase and sale agreement?

01

Purchase and sale agreements are necessary for anyone involved in a real estate transaction. This includes both buyers and sellers of residential, commercial, or vacant properties. Additionally, real estate agents, attorneys, and mortgage lenders often require a signed purchase and sale agreement to proceed with the transaction.

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What is purchase and sale agreement?

A purchase and sale agreement is a legal contract outlining the terms and conditions of a real estate transaction.

Who is required to file purchase and sale agreement?

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

How to fill out purchase and sale agreement?

To fill out a purchase and sale agreement, both parties must provide all relevant details of the transaction including the purchase price, property details, and any conditions or contingencies.

What is the purpose of purchase and sale agreement?

The purpose of a purchase and sale agreement is to establish the terms of the real estate transaction and protect the rights of both the buyer and seller.

What information must be reported on purchase and sale agreement?

The purchase and sale agreement must include details such as the names of the buyer and seller, property address, purchase price, closing date, and any conditions or contingencies.

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