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PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONS CITY OF PITTSBURGH A MUNICIPAL CORPORATION SELLER and PITTSBURGH LAND HOLDINGS, LLC A DELAWARE LIMITED LIABILITY COMPANY (or its assignee)

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How to fill out purchase and sale agreement

01

Step 1: Begin by reading through the purchase and sale agreement to familiarize yourself with its contents.

02

Step 2: Provide the necessary information such as the buyer's and seller's names, contact details, and addresses.

03

Step 3: Specify the details of the property being sold, including its description, location, and any included fixtures or appliances.

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Step 4: Outline the purchase price and the payment terms, including any down payment or financing arrangements.

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Step 5: Define the closing date and any contingencies or conditions that need to be met before the sale is finalized.

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Step 6: Include provisions for property inspection, title search, and any necessary repairs or renovations.

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Step 7: Address any additional terms or clauses, such as those related to financing, warranties, or other special conditions.

08

Step 8: Review the agreement carefully and make any necessary revisions or amendments.

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Step 9: Sign and date the purchase and sale agreement, and have it signed by the other party.

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Step 10: Keep a copy of the signed agreement for your records.

Who needs purchase and sale agreement?

01

Anyone who is buying or selling real estate, such as individuals, businesses, or organizations, can benefit from a purchase and sale agreement.

02

Real estate agents or brokers involved in the transaction also typically use the agreement to ensure a smooth and legally binding sale.

03

Having a purchase and sale agreement is essential to protect the interests of both the buyer and the seller, as it establishes the terms and conditions of the sale and helps prevent disputes.

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What is purchase and sale agreement?

A purchase and sale agreement is a legally binding contract between a buyer and seller outlining the terms and conditions of a property transaction.

Who is required to file purchase and sale agreement?

The buyer and seller are required to file the purchase and sale agreement.

How to fill out purchase and sale agreement?

The purchase and sale agreement can be filled out by providing all the necessary information about the property transaction, including the purchase price, closing date, and any contingencies.

What is the purpose of purchase and sale agreement?

The purpose of a purchase and sale agreement is to protect both the buyer and seller by ensuring that all terms and conditions of the property transaction are documented and agreed upon.

What information must be reported on purchase and sale agreement?

The purchase and sale agreement must include details such as the property address, purchase price, payment terms, closing date, and any contingencies.

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