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This document is a legally binding Purchase Agreement between the Buyer and Seller for the property located at 16436 Claystone Court, Fort Wayne, Indiana. It outlines terms of purchase, including price, earnest money, financing options, contingencies, closing details, and legal remedies in case of default. It is intended for use by members of the Indiana Association of REALTORS®.
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How to fill out purchase agreement
How to fill out purchase agreement
01
Obtain the purchase agreement form from the seller or online.
02
Fill in the date of the agreement at the top.
03
Clearly identify the buyer and seller by entering their names and contact information.
04
Provide a detailed description of the property or item being purchased.
05
Specify the purchase price and payment terms.
06
Include contingencies, if applicable (e.g., financing, inspections).
07
State the closing date and any other important timelines.
08
Sign and date the agreement by both parties.
09
Retain copies for your records.
Who needs purchase agreement?
01
Individuals buying or selling real estate.
02
Car buyers and sellers.
03
Businesses purchasing equipment or inventory.
04
Anyone involved in a transaction requiring formal agreement.
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What is purchase agreement?
A purchase agreement is a legal document that outlines the terms and conditions for the sale of a property or goods between a buyer and a seller.
Who is required to file purchase agreement?
Typically, both the buyer and the seller are required to sign and file a purchase agreement, and in some jurisdictions, the agreement may need to be filed with local authorities.
How to fill out purchase agreement?
To fill out a purchase agreement, one must provide details about the buyer and seller, the property or goods being sold, the price, payment terms, contingencies, and any other relevant terms.
What is the purpose of purchase agreement?
The purpose of a purchase agreement is to formally outline the commitment of both parties in a transaction, specifying the details of the sale and serving as a legal document in case of disputes.
What information must be reported on purchase agreement?
Essential information includes the names of the buyer and seller, property description, sale price, payment terms, contingencies, and closing date.
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