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Contract for sale of land or strata title by offer and acceptanceAPPROVED BY THE REAL ESTATE INSTITUTE OF WESTERN AUSTRALIA (INC.) COPYRIGHT REI WA 2022 FOR USE BY REI WA MEMBERS000009373712NOTICE:
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How to fill out real estate purchase price

01
Gather all the necessary documents, such as the real estate purchase agreement, latest property appraisal, and any other relevant paperwork.
02
Determine the total purchase price of the property. This includes the base price of the real estate, any additional fees or charges, and any applicable taxes.
03
Break down the purchase price into different categories, such as the cost of land, building construction costs, and any other components mentioned in the purchase agreement.
04
Allocate the appropriate amount for each category based on the agreed terms and conditions.
05
Calculate the total purchase price by summing up all the allocated amounts for each category.
06
Double-check all the calculations to ensure accuracy.
07
Fill out the real estate purchase price on the designated section of the purchase agreement.
08
Review the filled-out purchase price section to ensure it is clear and understandable.
09
Sign and date the purchase agreement, acknowledging the agreed-upon purchase price.
10
Keep a copy of the purchase agreement for your records.

Who needs real estate purchase price?

01
Buyers: Buyers of real estate need to know the purchase price to understand the total cost of acquiring the property.
02
Sellers: Sellers should be aware of the purchase price to negotiate the terms and conditions of the sale.
03
Real Estate Agents: Real estate agents need the purchase price information to assist their clients and facilitate the transaction.
04
Lenders: Lenders require the purchase price to evaluate the loan amount and determine the loan-to-value ratio.
05
Appraisers: Appraisers use the purchase price to assess the property value and make accurate appraisals.
06
Tax Authorities: Tax authorities use the purchase price to calculate property taxes and other applicable taxes.
07
Lawyers: Lawyers involved in the real estate transaction rely on the purchase price to draft legal documents and ensure proper legal procedures are followed.
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The real estate purchase price is the amount of money agreed upon by the buyer and seller for a property, representing the total cost to be paid for the transfer of ownership.
Typically, both the buyer and the seller are required to file the real estate purchase price, though the specific requirements may vary by jurisdiction.
To fill out the real estate purchase price form, one must provide information such as the purchase price, property details, buyer and seller identities, and any financing terms related to the transaction.
The purpose of the real estate purchase price filing is to document the transaction for tax assessment, legal records, and to ensure compliance with local regulations.
The information that must be reported includes the property's address, total purchase price, names of the buyer and seller, closing date, and any pertinent transaction details.
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