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REAL ESTATE PURCHASE AGREEMENT This Agreement is made this day of, 2020, by and between SWEARING EN REALTY COMPANY, Seller, and the CITY OF COLONIAL HEIGHTS, VIRGINIA, a Virginia municipal corporation,

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How to fill out real estate purchase agreement

01

Step 1: Read the entire agreement thoroughly to understand its terms and conditions.

02

Step 2: Fill in the agreement header with the parties involved, including the buyer and seller's names and contact information.

03

Step 3: Specify the property details, including the address, legal description, and any specific conditions or contingencies.

04

Step 4: Include the purchase price and the down payment amount, as well as any financing terms if applicable.

05

Step 5: Outline the terms of the purchase, such as the closing date, possession date, and any additional agreements or warranties.

06

Step 6: Include a section for inspections and repairs, detailing who will be responsible for any necessary repairs before the closing.

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Step 7: Include any provisions for title insurance and closing costs, specifying who will be responsible for paying these fees.

08

Step 8: Include a section for default and remedies, outlining what happens if either party fails to fulfill their obligations under the agreement.

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Step 9: Sign and date the agreement, ensuring that all parties involved have reviewed and agreed to its terms.

10

Step 10: Keep copies of the fully executed agreement for your records.

Who needs real estate purchase agreement?

01

Buyers and sellers of real estate properties need a real estate purchase agreement.

02

Real estate agents and brokers often use purchase agreements to facilitate the buying and selling process.

03

Investors and developers who are involved in real estate transactions also require purchase agreements to formalize their deals.

04

Lenders and financial institutions may need purchase agreements as part of the loan approval process for real estate financing.

05

Attorneys and legal professionals use purchase agreements to protect their clients' interests and ensure legal compliance during real estate transactions.

06

Individuals or entities involved in rent-to-own or lease-purchase arrangements may require a real estate purchase agreement.

07

Overall, anybody engaging in a real estate transaction where a property is being bought or sold can benefit from having a real estate purchase agreement in place.

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What is real estate purchase agreement?

A real estate purchase agreement is a legal document outlining the terms and conditions of a purchase of real estate.

Who is required to file real estate purchase agreement?

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

How to fill out real estate purchase agreement?

You can fill out a real estate purchase agreement by including all the necessary information such as the property address, purchase price, and any contingencies.

What is the purpose of real estate purchase agreement?

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

What information must be reported on real estate purchase agreement?

Information such as the names of the parties involved, property details, purchase price, closing date, and any contingencies must be reported on a real estate purchase agreement.

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