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Attachment B PURCHASE AGREEMENT THIS PURCHASE AGREEMENT (Agreement) is made as of May___, 2020, by and between ETHEL UNIVERSITY, a Minnesota nonprofit corporation, (Seller) and the LAKE JOHANNA FIRE
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How to fill out real estate purchase agreement
01
Obtain a blank real estate purchase agreement form from a trusted source.
02
Fill in the date of the agreement at the top of the form.
03
Include the full legal names of both the buyer and seller.
04
Provide a description of the property being sold, including the address and any unique identifiers.
05
Specify the purchase price and any deposit amount being paid.
06
Outline any financing terms, such as the amount of a loan, interest rate, and payment schedule.
07
Include any contingencies that must be met before the sale can be finalized, such as a home inspection or appraisal.
08
Sign and date the agreement along with the buyer and seller.
09
Have the agreement notarized if required by local laws.
10
Make copies of the completed agreement for all parties involved.
Who needs real estate purchase agreement?
01
Anyone looking to buy or sell real estate property needs a real estate purchase agreement to formalize the transaction.
02
Real estate agents, attorneys, and individuals involved in real estate transactions also need a purchase agreement to protect their interests.
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What is real estate purchase agreement?
A real estate purchase agreement is a legal document outlining the terms and conditions for the sale of a property.
Who is required to file real estate purchase agreement?
The buyer and seller involved in the real estate transaction are typically required to file the purchase agreement.
How to fill out real estate purchase agreement?
To fill out a real estate purchase agreement, both parties must provide their personal information, details of the property, purchase price, and any special provisions.
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 rights of both the buyer and the seller.
What information must be reported on real estate purchase agreement?
Information such as the names of the parties involved, property description, purchase price, payment terms, closing date, and any contingencies must be reported on a real estate purchase agreement.
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