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CONTRACT FOR PURCHASE AND SALE OF REAL ESTATE This CONTRACT FOR PURCHASE AND SALE OF REAL ESTATE (the \”Agreement\”) is entered as of the Effective Date by and between BATH LAND COMPANY, an unregistered partnership
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How to fill out contract for bargain sale

01
Begin by identifying the parties involved in the bargain sale.
02
Clearly outline the terms of the agreement including the purchase price and any conditions that need to be met.
03
Specify the property being sold, including any relevant details such as address, size, and condition.
04
Include provisions for any potential inspections or appraisals that need to take place before the sale is finalized.
05
Clearly state the timeline for completing the sale and any deadlines that need to be met.
06
Include clauses for any potential contingencies or obligations that need to be fulfilled by either party.
07
Ensure that both parties review the contract carefully before signing to avoid any misunderstandings or disputes.

Who needs contract for bargain sale?

01
Individuals looking to sell property at a reduced price for quick sale.
02
Buyers interested in purchasing property at a lower cost than market value.
03
Real estate investors looking to acquire properties at a bargain price for potential profit.
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A contract for bargain sale is an agreement in which a property owner sells their property to a buyer for less than its fair market value, often for tax purposes or charitable contributions.
Typically, the property owner or seller is required to file the contract for bargain sale, especially if they intend to claim a tax deduction.
To fill out a contract for bargain sale, you need to provide details about the parties involved, describe the property being sold, state the sale price, and indicate the fair market value.
The purpose of a contract for bargain sale is to document the terms of a sale where the property is sold below market value, often to allow the seller to claim certain tax benefits.
The contract must report the names of the buyer and seller, a description of the property, the sale price, the fair market value, and the reason for the bargain sale.
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