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This document outlines the terms and conditions for the purchase and sale of approximately 3.15 acres of real property located in Tualatin, Oregon, between the Sellers (James L. Clay and Andrea Leebron Clay) and the Buyer (City of Tualatin). It covers aspects such as the purchase price, earnest money deposit, title review, due diligence, closing conditions, and warranties pertaining to the property in question.

How to fill out purchase and sale agreement

How to fill out purchase and sale agreement

1. Begin with the title of the document: 'Purchase and Sale Agreement'.
2. Include the date of the agreement at the top.
3. List the full names and addresses of the buyer and seller.
4. Describe the property being sold, including the address and any legal descriptions.
5. Specify the purchase price clearly.
6. Detail the payment terms, including any deposits or financing arrangements.
7. Outline the closing date and any contingencies or conditions that must be met before closure.
8. Include any terms regarding inspections, repairs, and disclosures.
9. Detail the rights and responsibilities of both the buyer and seller.
10. Ensure both parties sign and date the agreement.

Who needs purchase and sale agreement?

1. Individuals or entities looking to buy or sell real estate.
2. Real estate agents facilitating transactions between buyers and sellers.
3. Lawyers or legal professionals assisting in property transactions.
4. Investors purchasing properties as part of their investment strategy.

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What is purchase and sale agreement?

A purchase and sale agreement is a legal document that outlines the terms and conditions under which a buyer agrees to purchase property from a seller.

Who is required to file purchase and sale agreement?

Typically, both the buyer and the seller are required to sign and file the purchase and sale agreement as part of the transaction process.

How to fill out purchase and sale agreement?

To fill out a purchase and sale agreement, provide accurate details such as the buyer's and seller's information, property description, purchase price, payment terms, and any contingencies.

What is the purpose of purchase and sale agreement?

The purpose of a purchase and sale agreement is to establish a legally binding contract that protects the interests of both the buyer and seller during a real estate transaction.

What information must be reported on purchase and sale agreement?

The information that must be reported includes the names of the parties involved, property details, purchase price, terms of the sale, and any contingencies or additional clauses.