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CHICAGO ASSOCIATION OF REALTORS RESIDENTIAL REAL ESTATE PURCHASE AND SALE CONTRACT (single family home/fee simple town home) Rev. 01/2012 1 2 3 4 5 1. Contract. This Residential Real Estate Purchase
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How to fill out residential real estate purchase

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How to fill out a residential real estate purchase:

01
Begin by gathering all necessary documents such as identification, financial records, and any pre-approval letters from your lender.
02
Carefully review the residential real estate purchase agreement, paying close attention to the terms and conditions outlined. Familiarize yourself with the legal language and consult with an attorney if needed.
03
Complete the buyer's information section of the purchase agreement, including your full legal name, address, and contact information. Provide accurate details to ensure a smooth transaction process.
04
Specify the details of the property being purchased, including the address, legal description, and any additional features or conditions that should be noted. Attach any relevant documents, such as property surveys or inspection reports.
05
Outline the purchase price and payment terms. Include the proposed down payment amount, financing options, and any contingencies or conditions that need to be satisfied before the sale can proceed.
06
Determine the closing date, which is when the ownership of the property will be transferred. Coordinate with all parties involved, such as the seller, real estate agents, and attorneys to find a mutually agreeable date.
07
Include any additional provisions or addendums necessary to protect your interests in the transaction. This could include items like repairs to be completed before closing, the inclusion of appliances, or specific contingencies to protect you as the buyer.

Who needs a residential real estate purchase:

01
Individuals or families looking to buy a home or investment property need a residential real estate purchase. This process allows them to legally acquire ownership of a residential property.
02
Real estate investors who aim to purchase residential properties for rental or resale purposes also need a residential real estate purchase agreement. This document establishes the terms and conditions for the transaction, providing legal protection and clarity for all involved parties.
03
Developers or builders involved in the construction or sale of residential properties require residential real estate purchases. These agreements help them facilitate the transfer of ownership to buyers and secure the necessary financing for their projects.
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Residential real estate purchase refers to the acquisition of property, such as a house or apartment, for personal or family use.
The buyer or purchaser of the residential real estate is typically required to file the purchase.
To fill out a residential real estate purchase, one must provide information about the property, purchase price, parties involved, and any financing details.
The purpose of residential real estate purchase is to acquire a home or property for personal use or investment.
Information such as property address, purchase price, buyer and seller details, and financing information must be reported on residential real estate purchase documents.
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