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AMENDMENT #1 TO REAL ESTATE CONTRACT: REAL ESTATE CONTRACT NO.: 05-133M CONTRACT DATE: JANUARY 26, 2005, SELLER: RHONDA LEE SMITH BUYER: CITY OF COLLEGE STATION, TEXAS PROPERTY: Fee simple interest
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How to fill out 1 real estate contract
How to fill out 1 real estate contract?
01
Gather all necessary information and documents, such as the property address, buyer and seller information, and any additional terms or conditions.
02
Review the contract carefully to understand its structure and sections.
03
Start by entering the date at the top of the contract, followed by the names and contact details of all parties involved.
04
Identify the property being sold by including the full address and any legal descriptions.
05
Specify the purchase price and any additional terms regarding payment, such as deposit amounts and financing terms.
06
Include any contingencies or conditions that need to be met before the sale can be finalized, such as inspections or obtaining financing.
07
Outline the timeline for key events, such as the closing date and any deadlines for inspections or financing approval.
08
Include any warranties or guarantees provided by the seller, as well as any disclosures required by law.
09
Sign and date the contract, ensuring that all parties involved also sign and date in the appropriate sections.
10
Keep a copy of the contract for your records.
Who needs 1 real estate contract?
01
Individuals buying or selling a property: Whether you are purchasing a new home or selling an investment property, you will need a real estate contract to legally document your transaction.
02
Real estate agents and brokers: Professionals involved in real estate transactions need contracts to protect themselves and their clients.
03
Real estate investors: Investors who are buying or selling multiple properties may require real estate contracts to ensure their interests are protected.
04
Landlords and tenants: Property owners and tenants may use real estate contracts to detail the terms of a lease agreement.
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Banks and financial institutions: Lenders may use real estate contracts to secure their interests in a property during mortgage or financing processes.
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