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MULTIBOARD RESIDENTIAL REAL ESTATE CONTRACT 5.0 1 1. THE PARTIES: Buyer and Seller are hereinafter referred to as the Parties. 2 Buyer(s) (Please Print) 3 Seller(s) (Please Print) 4 If Dual Agency
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How to fill out illinois real estate contract

01
Ensure all parties involved in the transaction are identified correctly.
02
Specify the property details including address, legal description, and any included or excluded items.
03
Outline the purchase price and terms of payment, including any earnest money deposit.
04
Include contingencies such as financing and inspection periods.
05
Disclose any additional terms or conditions agreed upon by both parties.
06
Sign and date the contract to make it legally binding.

Who needs illinois real estate contract?

01
Buyers and sellers of real estate in Illinois
02
Real estate agents and brokers facilitating transactions
03
Real estate attorneys representing clients in Illinois
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An Illinois real estate contract is a legally binding agreement between a buyer and a seller for the sale or purchase of real property in the state of Illinois.
Typically, the parties involved in the real estate transaction and their agents must file the Illinois real estate contract with the appropriate authorities.
To fill out an Illinois real estate contract, include details such as the property's legal description, sale price, terms of payment, contingencies, and signatures of both parties.
The purpose of an Illinois real estate contract is to outline the terms and conditions of the sale, protecting the interests of both the buyer and seller while providing a legal framework for the transaction.
Information that must be reported on an Illinois real estate contract includes the names of the parties, the property address, the sale price, inspection contingencies, and closing details.
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